Makes sense, they are the most open to a completely new and digital financial system
biba8163 on
🤡Leon Waidmann🤡 ETH is down -20% from 2021 while the Stablecoin marketcap/supply has gone up 200%+ in the same time frame.
Do you even know what a network utility token is? Here is a lesson from last year:
> in order to compete with other chains, Ethereum will have to scale and that has seen the rise of L2/sidechains which results in loss transaction fees and MEV tips essentially stealing value from ETH. This essentially turns Ethereum, Solana, BSC, Tron, L2/Sidechains, etc into competing networks for DeFi casinos and rails for StablecCoin transfers where they have to remain cheap or utility and users will move to competing chains. (September 2024)
Ethereum fee revenue has dropped 48% year over year because of L2 cannibalization of Ethereum mainnet and upgrades of Ethereum and Tron both severely slashing fees to maintain stablecoin domiance. *It will be a race to the bottom in fees for network utility tokens that are used in rails for stablecoins.*
> As the #ETH balance drops sharply, scarcity is tightening even more than Bitcoin’s. All-time highs will come sooner than most expect! (February 2024)
2 Kommentare
Makes sense, they are the most open to a completely new and digital financial system
🤡Leon Waidmann🤡 ETH is down -20% from 2021 while the Stablecoin marketcap/supply has gone up 200%+ in the same time frame.
Do you even know what a network utility token is? Here is a lesson from last year:
> in order to compete with other chains, Ethereum will have to scale and that has seen the rise of L2/sidechains which results in loss transaction fees and MEV tips essentially stealing value from ETH. This essentially turns Ethereum, Solana, BSC, Tron, L2/Sidechains, etc into competing networks for DeFi casinos and rails for StablecCoin transfers where they have to remain cheap or utility and users will move to competing chains. (September 2024)
https://np.reddit.com/r/ethfinance/comments/1f9ef5k/daily_general_discussion_september_5_2024/llmkgtm/
Ethereum fee revenue has dropped 48% year over year because of L2 cannibalization of Ethereum mainnet and upgrades of Ethereum and Tron both severely slashing fees to maintain stablecoin domiance. *It will be a race to the bottom in fees for network utility tokens that are used in rails for stablecoins.*
> TRON Slashes Network Fees by 60%
https://unchainedcrypto.com/tron-slashes-network-fees-by-60/
🤡Leon Waidmann🤡 tweets are comedy gold! GG
> ALL-TIME HIGHS expected for February 2025! 🔥 (February 4, 2025)
https://x.com/LeonWaidmann/status/1886796125107322961
> As the #ETH balance drops sharply, scarcity is tightening even more than Bitcoin’s. All-time highs will come sooner than most expect! (February 2024)
https://x.com/LeonWaidmann/status/1757119412904050794
> 📈 If this trend continues, expect much, much higher Ethereum prices. (November 2024)
> Supply squeeze incoming.
> BULLISH.🚀
https://x.com/LeonWaidmann/status/1860996379243692157
> 135K ETH burned since the Merge.🔥 (October 2024)
> Everyone still underestimates how bullish this is for #ETH when the real bull run kicks in.📈
https://x.com/LeonWaidmann/status/1847676543310713067
> Odds seem high that the bottom for #ETH is in! 📈💪 (August 2024)
https://x.com/LeonWaidmann/status/1820456771783360850
> – The #ETHEREUM SUPPLY CRISIS is getting more SERIOUS by the day. (August 2024)
> – With staking rates soaring and exchange reserves plummeting, as soon as sellers are exhausted and demand increases, #ETH will fly!📈
https://x.com/LeonWaidmann/status/1829151012428628402
> The market still doesn’t grasp how scarce #ETH truly is. (August 2024)
> Just imagine what happens if demand picks up even slightly — ETH will melt faces!🔥
https://x.com/LeonWaidmann/status/1823037542062793069
> With the imminent trading start of the #ETH ETF, institutional interest is set to rise. (July 2024)
https://x.com/LeonWaidmann/status/1810943563641016835
> – ETH is becoming SCARCER than BTC. (July 2024)
> – ETH Exchange Balance: 10.189% 📉
> – BTC Exchange Balance: 15.086% 📈
https://x.com/LeonWaidmann/status/1809923770821267878
> Most investors still don’t realize how tight the ETH supply side is and how big the effect of the ETF will be! (July 2024)
https://x.com/LeonWaidmann/status/1813102955874382043