1confirmation Founder: ETH Scarcity Will Gradually Increase
1confirmation founder Nick Tomaino stated on the X platform that Ethereum is the leading platform for applications such as stablecoins, DeFi, NFTs, prediction markets, decentralized identity, and decentralized social networks. Many developers and companies like Blackrock, Fidelity, Stripe, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are thriving within the Ethereum ecosystem. ETH is a reliable and neutral store of value, and as the ecosystem's applications become increasingly diverse, its scarcity also increases. Additionally, it is a capital-generating asset, and its protocol continues to evolve.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wintermute founder denies shorting MON: In fact, we are going long
Chainlink spot ETF expected to launch this week, Grayscale plans to complete private trust conversion
CoinShares withdraws ETF applications for XRP, Solana, and Litecoin
