The author, @FigoETH, highlights several reasons to be bullish on Ethereum (ETH) in the long run, debunking the FUD triggered by the upcoming launch of Uniswap's own blockchain. They believe that Ethereum's technology and ecosystem continue to improve over time. They mention innovations such as Eigenlayer's restaking infrastructure and the next generation of Layer 2 solutions that will increase Ethereum's transaction throughput and interoperability. They also note the involvement of asset managers and tech giants in using Ethereum solutions, as well as the popularity of mainstream dApps. While some speakers have turned bearish on ETH due to Uniswap's new blockchain, the author argues that Ethereum is still far ahead of the competition in the Layer 2 space. They conclude that the fundamentals for Ethereum look bullish in the long term. Currently, Ethereum is trading at $2,444 with 1.3% overnight gains.
- Content Editor ( u.today )
- 2024-10-12
Bullish on ETH: Eight Theses Shared by DeFi Enthusiast