The single most important metric for Ethereum is active addresses.
Yet they haven't grown since 2021.
Scaling L1 should prioritize attracting new users, with fees, ETH burn, and taxing L2s being secondary.
User growth drives network effects and monetization can come later.
Note: Blue is Base
Gray is Ethereum
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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