According to Foresight News , Justin Drake, a member of the Ethereum Foundation, answered the question "Does EF think that the continued appreciation of ETH assets is important?" in an AMA. Justin Drake said, "My personal view is that the appreciation of ETH is crucial to the success of Ethereum. If ETH does not in fact become the programmable currency of the Internet, Ethereum cannot become the settlement layer of the Internet of Value. The monetary premium will only increase with the scale of a special asset (such as tens of trillions of dollars). Such monetary premiums are needed to: underwrite trillions of dollars of decentralized stablecoins ("economic bandwidth"), provide unquestionable security, even from nation-states ("economic security"), and attract the attention of all major economic players ("economic prominence"). "
In addition, Justin Drake also said that the value appreciation of ETH comes down to flow and monetary premium. For flow, the important metric is the total fee, not the fee per transaction. Ethereum's successful outcome will be 10 million transactions per second, which will provide billions of dollars in daily revenue even if the fee per transaction is less than a cent. For example, $0.002/tx will provide approximately $2B/day in revenue. For monetary premium, the important metric is the percentage of ETH used as collateral, such as underwriting DeFi.
