Strategic reality check: $ETH is playing the internet infrastructure game—create more value than you capture, let apps win big.
Circle expanding into 40 countries with ~65% of $USDC on Ethereum. $ETH = the monetary settlement layer.
Base (Ethereum L2) just moved $8.8 trillion in stablecoins in 90 days. That's 52.5% of all stablecoin volume—$1.6 trillion MORE than L1 itself.
This is the internet value playbook in action. Infrastructure doesn't need to capture everything. It just needs to be indispensable.
Circle expanding into 40 countries with ~65% of $USDC on Ethereum. $ETH = the monetary settlement layer.
Base (Ethereum L2) just moved $8.8 trillion in stablecoins in 90 days. That's 52.5% of all stablecoin volume—$1.6 trillion MORE than L1 itself.
This is the internet value playbook in action. Infrastructure doesn't need to capture everything. It just needs to be indispensable.