I think ETH is mostly "group think" / "herd mentality" at this point. It's not necessarly worth anything, the technology is frankly trash... It was first to market, antiquated by now. Most people (and defi projects) are on Polygon, Solana, Fantom, Avax or more scalable chains. Just my $0.02.

@TL Spending $200 just to swap coins on uniswap using Ethereum is pain. Actually, I'm impressed at this point that Eth price keeps going up.

@TL

Layer 2 EVMs + zkrollups opens up possibilities of faster DeFi for specific niches/purposes, memefi, gamefi, socialfi....etc

I think the groupthink phenom you're talking about is a side effect of developers waiting for what to copy because it will make them successful too... either that, or there's only so many useful constructs that ETH itself can yield, I find that likely because we're already calling them EVMs. Ethereum is where the financial OS innovation has happened, and it'll just serve as a stepping stone for the whole cryptoverse as something else steals attention from it, just like it did with Bitcoin.

Look at energyweb.org, they're a chain that develops operating systems for power grids. You can deposit EWT on gnosis-safe.io too!

@TL

groupthink = memes = social identity = security = meaning in a meaningless universe

@TL this is at this point just simply a fact about eth! MillionToken is listed on the most scalable networks out on market ! You’re 5 steps ahead. I got to salute you for that you set up MM For a unavoidable win!

@TL totally agree, I wouldn’t be surprised if in 5 years time or less Etherium will be worthless, slow development of their ecosystem and too big commitment with the miners, and that is why we will keep paying such a high fees just for a swap… Etherium 2.0 will be integrated only if the price drastically drop, even then it will be to late for Etherium to recover trust and holders

@TL Totaly agree. I don't even invest in projects that are built just on ethereum. Especially games or Dapps that are meant for mass adoption.