Ethereum

Weird market disconnect atm, but as always in crypto, narrative drives price.

October 2020: 
Ethereum unveils its "Rollup-Centric" roadmap to fix scalability, and transition from PoW to POS.

August 2024:
- Ethereum avg gas price: 7 Gwei (-90% since 2020).
- L2 Activities: 300 TPS (+3000% since 2020).
- L2 TVL: $34b (+100,000% since 2020)
- Ethereum staking: 33,716,934 ETH (+6330% since 2020)

Ethereum peers left Twitter for Farcaster, leaving a gigantic marketing/communication void.

What should be celebrated as significant milestones in Ethereum’s scalability roadmap is instead being misrepresented as:
- "gas fee so low, nobody uses Ethereum"
- "ETH is now highly inflationary"
- "Nobody uses L2"

It's intriguing how narratives in the crypto world can overshadow significant progress. Let's stay mindful of the actual milestones achieved in Ethereum's scalability journey amidst the noise.