Chainfeeds Summary:
2024 is the perfect storm for the Ethereum base catalysts. The rumors of Ethereum's demise have been greatly exaggerated. In fact, the only recurring complaint is that the ETH price has 'only' risen by around 50%. This article reviews 5 incredible developments for Ethereum in 2024.
Source:
https://x.com/VivekVentures/status/1871999292736712908
Author:
VivekVentures
Perspectives:
VivekVentures:- Former President Trump holds ETH as a store of value. For over a decade, the government has shied away from cryptocurrencies. Now, the President is launching an app on TRON and using ETH as a store of value asset.- ETH ETF inflows accelerate. Since the election, the total net inflows to all ETH ETFs have reached $3.5 billion - one of the most successful ETF launches ever. And next year, ETH ETF staking will be opened up.- A TradFi investment bank is launching an L2 on Ethereum. Previously, the bank had an internal EVM chain but had not ventured into public blockchains. Deutsche Bank's launch of an L2 has set a precedent for other Wall Street banks.- Ethereum scales without compromising security. Coinbase's Base lays the foundation for sustainable scaling of the blockchain. Retail and consumers will transact on low-fee L2s, high-value assets will run on L1, and L2s will be profitable.- The war on ETH is over, which means ETH can now go to war. The Ethereum community has been cautious and conservative, especially in the face of regulatory attacks, but the SEC dropping its lawsuit against Ethereum means Ethereum can now go on the offensive.
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