$ETH isn't just another L1. It's the deepest liquidity pit in crypto and that changes everything.
When a stablecoin or RWA hits Ethereum, it doesn't just deploy code. It plugs into $54B DeFi TVL, $146B in stablecoins, 2000+ protocols, Aave's lending rails, Uniswap's liquidity engine, institutional custody, and every degen wallet that matters.
The numbers are brutal:
$ETH: $54B DeFi TVL
Solana: $6.7B
Avalanche: $640M
Stablecoins? $ETH holds $146B vs Solana's $16.6B. That's 9x.
RWA tokenization? $16.7B on $ETH. BlackRock launched BUIDL there first for a reason.
Every new asset on Ethereum inherits the entire market's composability. Liquidity pulls apps. Apps pull users. Users pull more liquidity. It compounds.
Launching on other chains is fine but you're capping your ceiling from day one. It's like opening a store in Belgium vs the US. Both are real markets but the economic reach isn't even close.
$ETH's moat isn't just TVL. It's what becomes possible the second you're inside that market.
When a stablecoin or RWA hits Ethereum, it doesn't just deploy code. It plugs into $54B DeFi TVL, $146B in stablecoins, 2000+ protocols, Aave's lending rails, Uniswap's liquidity engine, institutional custody, and every degen wallet that matters.
The numbers are brutal:
$ETH: $54B DeFi TVL
Solana: $6.7B
Avalanche: $640M
Stablecoins? $ETH holds $146B vs Solana's $16.6B. That's 9x.
RWA tokenization? $16.7B on $ETH. BlackRock launched BUIDL there first for a reason.
Every new asset on Ethereum inherits the entire market's composability. Liquidity pulls apps. Apps pull users. Users pull more liquidity. It compounds.
Launching on other chains is fine but you're capping your ceiling from day one. It's like opening a store in Belgium vs the US. Both are real markets but the economic reach isn't even close.
$ETH's moat isn't just TVL. It's what becomes possible the second you're inside that market.