Ethereum

I strongly believe that exporting ETH as a commodity money/store of value is the primary way that ETH will become more valuable over time.

Everything else, such as fee revenue and using ETH in staking, is important but secondary.

Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

Too fractured for what?

Explain more please. Because this is just shouting something without any substance to it.

Took a break. Now gearing up for the next round. Still checking out everything onchain. 

https://portrait.so/notfloris

Are you retarded?   It’s self explanatory.  Money is not in one place.  It’s spread out on fifty l2s.   None of which use eth as gas.

ETH is a commodity money like gold and gold has had no trouble accruing value even though it's in a million different places.

Most layer 2's also use ETH as the default gas token - the 2 biggest ones, Base and Arbitrum One, certainly do.

Also we can look at the greater crypto space to see the same thing happening on a larger scale.  The pie is only so large and as the 20,000,000 tokens now all require capital… it spreads the money too thin to have a meaningful run of all assets together.  This no real alt coin rally of size since 2017