ETH Gorilla 🦇 🔊

The thesis is simple. ETH is going to $80,000.

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@PhilippeBaril2 @blockchainchick lol which BTC maxi lied to you

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@sjdedic Solana was literally celebrating memes last week lol

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@econoar Are these your holdings top to bottom?

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@zacodil Cool. No one really cares who's first

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@JoestarCrypto Just do it all on a centralised database

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@TrustlessState @laurashin Say that to the Solana shillers

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@josefabregab @aave @chainlink Will this value drive to token holders?

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@MacroBombastic @OnchainLens @LidoFinance You're still living in 2023 clearly

[Ethlabs @ethlabs_org]

Announcing Ethlabs: a non-profit R&D lab for Ethereum and ETH

Our mission is to make Ethereum the settlement layer of the global economy.

The internet became global because shared protocols created a common language between networks. Private systems remained useful, but bounded. Finance is approaching a similar moment. As value, assets, and markets become digital, the world needs shared settlement infrastructure.

Ethereum is uniquely positioned to become that shared base layer, the neutral foundation on which users, institutions, and agents can transact without intermediation.

What we believe:

• We believe credible neutrality matters. Ten years of uptime and the lowest counterparty risk. Ground that cannot be pulled away by any one country, institution, company, or person.

• We believe ETH matters. The most valuable, programmable store of value. A decade of broad distribution, deep liquidity in onchain markets, and maximally trustless asset on Ethereum.

• We believe DeFi matters. Markets, liquidity, credit, exchange, and coordination, open to anyone.

• We believe adoption matters. Principles do not change the world until people benefit from them.

We sit between two worlds: real usage from the builders at the frontier, and the protocol that has to support it. We work with users, applications, wallets, L2s, infrastructure teams, institutions, ETH holders, core devs and researchers, then turn what they actually need into protocol work, shared standards, infrastructure, and shipped products.

Ethlabs is independent but Ethereum is a shared project. We are one node in a much larger network of stewards. This is the multi-node future.

We have spent the better part of the past decade contributing to Ethereum core research and development.

We are opinionated and transparent. We move with urgency, learn in public, and course-correct when we’re wrong.

We are building a lean, talent-dense team for people who want to do the most important work of their careers: [email protected]

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@DefiIgnas Solana is so dead, its hard to take you seriously

[ETH Gorilla 🦇 🔊 @bigethgorilla]

As we near the bottom, you'll find more retarded takes like these.

[Ignas | DeFi @DefiIgnas]

I can't shake off the thought that $ETH is following $ATOM.

Both has tech used beyond their own ecosystem:

- IBC and the Cosmos SDK run under dYdX, Celestia and Injective.

- The EVM runs almost every chain that isn't Solana.

Lots of adoption but native coins don't accrue much value.

Both scaled by pushing activity out to satellite chains:

- Cosmos with app-chains like Osmosis
- Ethereum with L2s

Cheaper for users, but value leak to the edges while the L1 pay for security.

Like L2s are slowly dying, Cosmos App-chains are pivoting or shutting down with Akash's $AKT about to propose a new migration chain.

Price is going the same way but slower for ETH.

ATOM is down ~86% over five years. ETH 'only' 38%.

The big shift was valuing L1s mostly based on fees/revenue.

I think that's flawed for L1s but $HYPE and $TRX proved that L1s can actually generate high enough fees and burn tokens via buybacks to affect the price.

Cosmos community was asking FOR YEARS to fix ATOM's inflation and weak value accrual, and nothing changed until an 86% dump forced it.

Even a founder was pushing for a hard fork.

Apathy set in within Atom and no one even talks about it on CT anymore.

Now they're redesigning ATOM to capture value instead of just paying stakers to hold. Current proposals:

• inflation tied to actual fee revenue (currently a fixed 7-10%)
• longer staking locks earn more
• value accrual extended to SDK (corporate) usage, beyond staking yields alone

$ATOM holders are so desperate they are willing to experiment.

$ETH is at way too high MC and not desperate enough to make any radical changes to it.

Vitalik called supporting ETH the asset 'outside the scope of the EF'.

So any big change probably would come the way it did for ATOM: a crisis deep enough that doing nothing becomes more costly than acting.

ETH still secures billions so too large for anyone to treat this as an emergency.

ATOM had to fall most of the way to zero before it could reinvent itself.

If ETH is on the same path, the level that unlocks it is a long way below here.

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@CaitlinLong_ Ethereum.

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@Rahim_mahtab All other alt L1s have performed worse than ETH, what are you on about?

All meme coins have performed worse.

Most alt coins have, apart from a select few.

This is why after multiple cycles, ETH is the second largest by market cap.

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@the_defi_report @JustDeauIt Pretty easy to fake revenue…

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@TrustlessState @ryanberckmans 1 of 1000 leaders

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@TrustlessState @rj_aligned @titanbuilderxyz You’ve been mocking it for a while now

[ETH Gorilla 🦇 🔊 @bigethgorilla]

@BullishPlumber They’re not going to fund the foundation. The foundation is going to do its own thing which is R&D.

If a tiny % of staking rewards is used to fund Ethereum infinitives/BD & Marketing which helps drive ETH price up, then this is great for shareholders.