I would venture a guess that there is more development happening on ETH than any other chain. Maybe more than most combined.

Its just happening at the layer level

I also don't think ETH will ever be replaced as the security protocol and will continue to capture the highest TVL defi entities. This will be more and more pertinent as trad fi and defi begin to intersect

You would have topped at $245k.

ETH has become polarizing. Most people are either on the side of ETH is becoming irrelevant, ETH hasn't scaled properly, the fees are too high, etc. Or on the side of most everything is still built on top of ETH, L1s like SOL still have their own pitfalls too, etc.

I still think ETH is worth holding in the portfolio for the long-term and view it as "safer" compared to other L1s, but it's short-term upside is generally capped, comparatively, and it'll never catch BTC in market cap. Although, I always thought that viewpoint was unnecessary because ETH and BTC coexist.

At this point, I think SOL is the only L1 that could eventually render ETH useless, but I think it's most likely both continue to grow in tandem, with SOL having more upside. I'd be surprised if ADA, AVAX, NEAR, etc. ever overtook ETH (or SOL for that matter).

I view everything as a way to get more btc at some point.

When looking at marketcap, projects on the chain, and developer involvement, sol seems like more upside than eth at the moment.

Trading shitcoins on solana is fun and all but that’s not where serious TradFi money is going to deploy. It’ll be ETH or their own L2’s on ETH. As mentioned, ETH has the overwhelming majority of developers within the ecosystem.

ETH might not hit .08 ETH/BTC this cycle (or maybe it will), but it should certainly outperform BTC from here to their respective peaks. The consensus on CT seems to be that SOL will flip ETH this cycle which means it’s probably not going to happen.

The announcements that work in BTC’s favor are similarly going to work in ETH’s favor if there are more TradFi flows and development on ETH this cycle.

ETH has $160bn TVL + Stablecoin cap vs. $12bn for Solana. That is a massive difference and most of SOL’s is tied up in vaporware memes.

The issue is... sol allows for thru put at levels eth can only theorize of at costs that are at fractions than those on eth.
The last time sol suffered a dose, it was making more than 40,000tps before having to reset... gtfo with your Ethereum tps.

Truth...
That's why memes are so attractive for many.

And what the hell are these supposed to be?
Ethereum should have never moved from POW.

uhh … tokenization which is predominantly taking place on Ethereum + a new administration that is hospitable to fostering and growing that industry?

Yup, a crypto friendly admin goes far beyond BTC, whether the maxis like it or not.

Thanks, this is the most positive ETH thing I've read in awhile. Will have to rethink my position.

is eth the new lightcoin? And will never go above 4K????

What will replace it? If btw is 90K, then eth should much higher as the next golden child

I take everything back I've ever said in support of eth and declare it a shitcoin

can we call int a chitcoin

shall I build a CoinChit as meme coin on Sui? or ERC2.0?

big dummy...

I'm very close to shifting my ETH bag to SOL + some meme chasing. You said you're 100% SOL, right?

Lol to people selling the ETH/BTC ratio bottom and pivoting over to SOL meme coins at the peak of rug season in a rug marketplace.

There's no peak to rug marketplace right now. There are 50,000 MEME Coins created per day and most are rug pulls. Everyone new to crypto now downloads the Phantom wallet. Base is now on the Phantom wallet. It's SOL and BASE that are taking over.

https://finance.yahoo.com/news/phant...114135650.html

ducy