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

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!