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Pseudonymous DeFi trader Ignas highlighted ten reasons to be optimistic about the future of Ethereum (CRYPTO: ETH).
What Happened: In a detailed thread on X (formerly Twitter), Ignas pointed out that despite low gas fees, Ethereum’s annual inflation is less than 1%, significantly lower than other Layer-1 competitors such as Solana (CRYPTO: SOL), which has an inflation rate of around 4%.
He also praised Ethereum’s strong developer community and its ability to continually innovate and grow. Furthermore, Ignas noted that Ethereum, combined with all Layer-2 solutions, remains the leading smart contract platform, with a Total Value Locked (TVL) dominance of 58%.
Ignas further highlighted Ethereum’s modular scaling through L2 solutions and the upcoming Pectra upgrade, which is expected to improve user experience and make development more efficient.
Why It Matters: Ignas’ tweets come at a time when Ethereum is gaining regulatory certainty in the U.S. and European Union, which is building confidence and attracting institutional players like BlackRock.
He also pointed out that more than 50% of all stablecoin supply is issued on Ethereum and it leads in Real World Asset (RWA) issuance, with $1.3 billion of the total $1.9 billion tokenized U.S. treasuries issued on its platform.
He also noted Ethereum’s strong network effects, which come from its early lead, large developer community, mature DeFi ecosystem, institutional adoption, and robust security.
Biased due to his significant Ethereum holdings, Ignas expressed optimism about the potential for high inflows into the Ethereum ETF when the market turns bullish.
What’s Next: The influence of Ethereum as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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