Reddit Posts
Mentions
I feel like you're missing a key part of Ethereum when you exclude stablecoins and tokens from the picture. Most stable coins are just Ethereum tokens. Most are cross-chain at this point, but still mostly operate as Eth tokens. Many other tokens such as Uniswap rely on eth as well. These are likely going to continue to use Ethereum, which creates a demand floor and for the network that most altcoins don't have. It's like how the existence of BTC ETFs drives the price higher by bringing demand that other coins don't have access to. Out of the smart contract networks, ethereum has been around the longest, has the biggest existing ecosystem, and has the most support and help tools. It's also one of the only non-btc coins to even have ETFs. Nobody is going to switch from eth to another network without CLEAR advantages. Way too much financial risk, and the new network could be more expensive or slower if it ever reached Eth's demand. So with that in mind, stablecoins and other non-meme tokens will likely remain on Eth providing some base demand.
God it's so sad the level of intelligence some of you have. Number 1 RLUSD REQUIRES XRP Number two, Ripple and Brad made it VERY CLEAR "Hidden Road to migrate post-trade activity across XRP Ledger (XRPL) demonstrating its potential as the go-to blockchain for institutional decentralized finance (DeFi)" 3 trillion a year on XRPL https://x.com/bgarlinghouse/status/1909578606914810367?t=-DTKZHfSBypVzkuNHDLoxA&s=19