Ethereum is the venue. The question is how much rent it keeps.
$146.8B in stablecoins. $52B in DeFi. $13.5B in tokenized real-world assets. The usage is real.
But mainnet earned about $376K in chain revenue in a day, because most activity moved to layer-2s.
A busy shopping mall doesn’t help the landlord if every shop pays rent to someone else.
Ethereum may still win the role. Whether the token captures that role is a separate question, and the data hasn’t answered it yet.
#Ethereum #Layer2 #CryptoResearch #ZeroHunter
$ETH $ARB
$146.8B in stablecoins. $52B in DeFi. $13.5B in tokenized real-world assets. The usage is real.
But mainnet earned about $376K in chain revenue in a day, because most activity moved to layer-2s.
A busy shopping mall doesn’t help the landlord if every shop pays rent to someone else.
Ethereum may still win the role. Whether the token captures that role is a separate question, and the data hasn’t answered it yet.
#Ethereum #Layer2 #CryptoResearch #ZeroHunter
$ETH $ARB