🚨 New Apps page at https://t.co/bEdf2Qhj9l 🚨
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We’d love your feedback on how to make it better, and if we missed an app, please click suggest an app at the bottom
APPLCATION CENTRISM™
remember if your hatred for past ETH price action, ETH maxis, the EF, rainbows, unicorns, etc. blinds you to accepting the preeminent position of Ethereum
just remember the people who will soon be bidding ETH in the billions have NO IDEA who you are, have no idea who i am, have no idea about your PTSD, have never heard of your fund and its theses, and they certainly couldn’t care less about your random shitcoin which is supposed to kill Ethereum
they see ETH as the #2 cryptoasset and the #1 natively programmable asset. they see the TVL on the chain at multiples of the competition. they see all of the stables. and they see very smart and people they DO know like Joe Chalom and Tom Lee talking about Ethereum as the future if finance. they see Peter Thiel and Druckenmiller in every DAT
you are totally irrelevant, and so am i
the sooner you understand this, the better off you will be
print this post out and hang it on your wall
Crypto is at its Blockbuster vs Netflix moment.
Right now, businesses are going onchain and adopting crypto because they want to. They get it.
Soon, the other businesses will be desperately trying to catch up. They'll go onchain because they need to.
My advice: be early.
New awesome Ethereum dashboard from the @growthepie_eth team just released!
It tracks things like Ethereum's uptime, ecosystem TPS, fees, app revenue, stablecoin supply and more.
100% uptime for the world computer.
$1.3 BILLION IN SHORTS were liquidated in less than 60 seconds.
Bitcoin skipped straight past $120k and went directly to $121k.
At $2.39 trillion, Bitcoin is now officially larger than Amazon, and is the world's 5th largest asset.
Remember this day.
eth market looking like a python squeeze
• 400+ new treasury companies loading up vs current 17
• etf inflows eating 10x of new issuance
• 29% already staked
• exchange supply dropping
shorts at ath gonna learn about supply and demand
Net new ETH issuance today: ~2,163 ETH ($6.4 million).
Net inflows into the ETH ETFs today: ~68,676 ETH ($204 million).
The ETH ETFs bought 32x more ETH than was net issued by the network today.
Accelerate.
0/ L1 zkEVMs are coming soon to Ethereum mainnet. They will allow us to significantly scale the gas limit and enable native zk-rollups without sacrificing the levels of security, liveness, and censorship-resistance that make Ethereum unique.
https://t.co/SQY3oPGNx8
At current prices, and before factoring in the burn, Ethereum only issues around $7.3 million new ETH per day (~2,650 ETH).
ETH also has a max issuance rate of ~1.51% annually: Max Annual ETH Issuance = 166.3 × √(Staked ETH).
All of this new issuance is being completely absorbed by the ETH ETFs alone - let's break this down further on a 7 day timeframe:
~18,550 new ETH issued during that time (excluding the burn) with ~128,000 ETH flowing into the ETH ETFs.
The ETH ETFs bought almost 7x more ETH than was issued over the last 7 days.
And this is *just* the ETH ETFs - throw in the Ethereum treasury companies, retail investors, TradFi allocators, macro investors, ETH shorts blowing up and, of course, the ETH burn and we've got all the ingredients needed for an explosive ETH repricing.
ETH is a $100 trillion asset trading at $335 billion.
Net new ETH issuance today: ~2,328 ETH ($6.5 million).
Net inflows into the ETH ETFs today: ~79,000 ETH ($211.3 million).
The ETH ETFs bought 34x more ETH today than was issued by the network.