ETH’s moat is still intact
Blockworks analyst Jake pushes back against the bearish case: ETH accounts for about 65% of DeFi TVL and 45% of the RWA market. ETFs and corporate treasuries together hold 13% of the supply, and 36% is staked. Its market cap is 1,100 times its REV over the past 12 months.
I’m still holding my position. With staked ETH locked up and ETF buying providing support, shorting at these levels offers poor risk-reward.
What’s the first digit of your ETH cost basis—2 or 3?
$ETH $ARB $OP #以太坊 #ETH
Blockworks analyst Jake pushes back against the bearish case: ETH accounts for about 65% of DeFi TVL and 45% of the RWA market. ETFs and corporate treasuries together hold 13% of the supply, and 36% is staked. Its market cap is 1,100 times its REV over the past 12 months.
I’m still holding my position. With staked ETH locked up and ETF buying providing support, shorting at these levels offers poor risk-reward.
What’s the first digit of your ETH cost basis—2 or 3?
$ETH $ARB $OP #以太坊 #ETH