mariaa.eth 🐸
@MariaShen
General Partner @ElectricCapital. Views my own. 🦇🔊
We are delighted to release the 6th annual @ElectricCapital Developer Report! We analyzed a record 902M code commits across 1.7M repos thanks to the 829 people who contributed to making this report since inception. How did 2024 in crypto look in data? Long thread below 👇🏽
Every single person in crypto should read this and form their own conclusions. My opinion: Stablecoins are the Trojan horse, ETH is what’s inside. This is just the beginning. Incredible report and writing. Well done and thank you @MariaShen and team.
Stablecoins are spreading the dollar faster than any financial tech in history. And Ethereum is becoming the financial backbone. For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis: Remaking the Case for ETH 🧵 1/
Ethereum turns 10 in 8 days. Ethereum hosts the largest digital financial economy with 100% uptime. Ethereum ranks #1 by: - TVL ($87B+, 65%+ share) - Value secured ($1T+ among top 100 tokens) - Stablecoin issuance ($147B, 60%+ share) - RWAs ($7.7B in RWAs) Data below 👇🏽
1/ Ethereum is the backbone of the largest decentralized financial economy in the world. Here’s the data, and why it matters for ETH 📈
"Trust → Liquidity → Users → More apps → More trust."
1/ Ethereum is the backbone of the largest decentralized financial economy in the world. Here’s the data, and why it matters for ETH 📈
1/ Ethereum is the backbone of the largest decentralized financial economy in the world. Here’s the data, and why it matters for ETH 📈
L2s create demand for ETH. Kate @ElectricCapital digs into the numbers 👇🏽
1/ L2s aren’t just scaling Ethereum. They’re scaling demand for ETH. • 50K+ ETH bridged to L2s weekly • ETH = 35% of L2 lending collateral • Every new wallet = more ETH to hold, trade, and stake L2s turn ETH into the monetary base of the on-chain economy.
1/ L2s aren’t just scaling Ethereum. They’re scaling demand for ETH. • 50K+ ETH bridged to L2s weekly • ETH = 35% of L2 lending collateral • Every new wallet = more ETH to hold, trade, and stake L2s turn ETH into the monetary base of the on-chain economy.
1. Remaking the case for ETH An updated ETH thesis. x.com/MariaShen/stat…
Stablecoins are spreading the dollar faster than any financial tech in history. And Ethereum is becoming the financial backbone. For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis: Remaking the Case for ETH 🧵 1/
"As Demand for ETH increases, it is also Positioned To Become A Global Store of Value" ETH is a $100 trillion asset trading at $335 billion.
5/ 💡 The Big Idea: As @MariaShen writes for the @ElectricCapital updated ETH thesis: L2s increase demand for stablecoins, creating new use cases that boost Ethereum utility & value, starting a flywheel to further benefit the ecosystem ↓
Stablecoins are spreading the dollar faster than any financial tech in history. And Ethereum is becoming the financial backbone. For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis: Remaking the Case for ETH 🧵 1/
Welcome to Observer #26 & 27: The weekly roundup of Ethereum news and headlines. A Post-@EthCC Double Feature & **Six Month** Anniversary Edition! - 42(!!!) posts and threads this week 👇 - RT to help boost, or DM to help out! - blog version below
More stablecoin growth = More ETH demand Stablecoins 🔼, ETH price over time 📈
9/ This creates a natural flywheel: Stablecoin growth → More onchain activity → More ETH used as collateral → More ETH demand → More infrastructure built on Ethereum. ETH benefits directly from stablecoin expansion.
"Only Ethereum Meets All Three Requirements to Serve Stablecoin Holders Globally" There is no second best.
$ETH is relatively undervalued as a superior SoV asset, used across the world's largest DeFi economies. ETH = $320B BTC = $2T Art = $2T Gold = $20T US T-bills = $25T Stocks = $100T Real estate = $300T What's funny is all these other categories are being tokenized on Ethereum,…
As ETH demand grows, it’s positioned as a SoV that can take share from legacy assets Like gold & BTC: scarce, censorship-resistant But it has yield Americans hold $25T in dividend stocks vs. <$1T in gold ETH & BTC may both disrupt legacy SoV (US treasuries, gold, real estate)
$ETH is a reserve asset for the onchain economy. You will never own enough ETH, anon.
9/ ETH is becoming the reserve asset of the onchain dollar economy. Reserve assets are trusted assets used for collateral, savings, & settlement TradFi has US treasuries, usd, gold On Ethereum, it’s ETH: → Scarce → Yield-generating → Deeply integrated → Seizure-resistant
$ETH is unique There is nothing quite like it - it has superior properties to every other SoV asset Higher h/t @MariaShen
$ETH is unique It offers investors a blend of a store of value, decentralisation, real yield and onchain innovation No other asset does this
This is excellent framing for what I mean to point out as Ethereum's most unique strength, near impossible to replicate. x.com/MariaShen/stat…
7/ Ethereum delivers on all 3 requirements bc of its decentralization built over 10 years: → Community-funded PoW launch → 1M+ validators across 100+ countries + client diversity → Largest open source dev ecosystem This level of neutrality is nearly impossible to replicate
ethereum will serve as the foundational infrastructure for the economy
Stablecoins are spreading the dollar faster than any financial tech in history. And Ethereum is becoming the financial backbone. For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis: Remaking the Case for ETH 🧵 1/
ETH checks a lot of boxes here
Stablecoins are spreading the dollar faster than any financial tech in history. And Ethereum is becoming the financial backbone. For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis: Remaking the Case for ETH 🧵 1/
"Holding ETH is Likely the Best Way to Gain Exposure to the Growing Stablecoin Economy" Loved this new ETH thesis by Electric Capital Well done on this report @MariaShen & @ElectricCapital
"Demand for ETH Will Likely Increase as it Becomes the Reserve Asset of the New Digital Dollar Economy" Awesome new Ethereum report from @ElectricCapital! Read: electriccapital.substack.com/p/beyond-stabl…
Stablecoins are spreading the dollar faster than any financial tech in history. And Ethereum is becoming the financial backbone. For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis: Remaking the Case for ETH 🧵 1/