1confirmation founder: ETH's scarcity will gradually increase due to its thriving ecosystem

TechFlow news, May 11 — Nick Tomaino, founder of 1confirmation, stated on X that Ethereum is the dominant platform for applications such as stablecoins, DeFi, NFTs, prediction markets, decentralized identity, and decentralized social. Numerous developers and companies including Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are thriving within the Ethereum ecosystem. ETH is a trust-minimized store of value whose scarcity increases as the ecosystem's applications grow richer. It is also a capital-generating asset, with its protocol continuously evolving.