COUNTER: Ethereum gets users, and is doing it at a larger scale than any other blockchain by several orders of magnitude.
Here are some things going on:
- Mass scale integrations across DeFi from
@Aave,
@Morpho,
@sparkdotfi @ethena making their way to traditional finance products E.G
@RobinhoodApp (28M users). Some of these teams are also releasing their own apps which essentially means Ethereum is hitting the TAM of global savings, aka everyone.
-
@EtherFi card usage and adoption is up only, processing $400m in real user payment volume ( because they’re on Ethereum, they can easily integrate with the above without needing 1000s of hours of BD deals). Also,
@itstuyo pushing out viral campaigns on new types of cards all together!
-
@RAILGUN_Project is doing $5M in yearly revenue, making it one of the most used privacy solutions on a blockchain, future integrations with hardware wallets and more will further expand the TAM, similar to how the Ledger integration expanded Lido’s TAM overnight.
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@Lighter_xyz integrating directly into Robinhood! Also, doing about 18% of Hyperliquid volume this month (:
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@uniswap cca’s are doing great and are bringing in new ways for capital raises to occur.
@AerodromeFi’s push into eth mainnet ethereum is also exciting as they bring tried and tested users to the L1.
-
@ethlabs_org are bringing a product and demand centric reflective loop to protocol development which should further strengthen the relationships between the Ethereum protocol and the products building upon it that cater to users
-
@Nethermind &
@ethereuminsti are involved in major institutional pilots across the board
- Art Basel had a great Ethereum presence across artists, many Ethereum native curators and artists minting eternal work on the world computer,
@eli_schein and many more have created a path for an entirely new set of eyes to rest on Ethereum.
- More niche for now but incredibly cool things are happening within the realm of decentralized Google Docs et al; as privacy becomes more important online, things like
@fileverse may grow powerful
The main thing: EVERY effort on the Ethereum world computer compounds into eachother, these things are not built in siloes, but are built out in the open, they cover a range of ground, have multiple multinational teams, and are here not just to play, but to take over.
Having said all of this, incubation is essential, this is something that I have seen other chains do well and something I expect to amp up within Ethereum as well. There is always much to learn from eachother, a rising tide does indeed lift all boats, and I cannot wait to see where it all ends up
Godspeed.
Ethereum.