TechFlow News — Nick Tomaino, founder of 1confirmation, posted on X: "We support Ethereum because we care about the truth and want you to win, despite what some people on X might tell you. Regardless, Ethereum will surpass $10,000. The facts are:
• The best crypto developers continue building on Ethereum, just as they have for over seven years. Builders are converging on L2s like Base. DeFi, NFTs, stablecoins, prediction markets, and decentralized social platforms are all Ethereum-first—and breakthrough applications in gaming, payments, AI agents, and X-to-earn will likely emerge here too.
• Getting early traction in new use cases creates powerful, defensible network effects. Once a new use case succeeds on Ethereum, every other chain copies it. Take NFTs and stablecoins—Ethereum’s dominance in both is undeniable.
• On-chain usage increases value for ETH holders due to Ethereum's strong monetary policy. Transaction fees are burned, so as usage grows, if more ETH is burned than issued as staking rewards, the supply contracts. Bitcoin has a simple 'digital gold' narrative that institutions already embrace: 21 million cap by 2140. Ethereum’s scarcity narrative may seem less straightforward on the surface, but it’s equally powerful in reality.
• Distribution of ETH as money is now happening simultaneously at institutional and native levels. In the last five months of 2024, ETH ETF inflows were strong, but they’re expected to accelerate in 2025 as Wall Street gains deeper understanding of ETH and ETFs begin offering staking. Meanwhile, application growth on L2s and upcoming L3s will accelerate ETH’s native adoption as money."
