Sanjay Shah ⚡️
@sanjaypshah
Reading, writing, and educating about modular blockchains. Investing at @electriccapital. Views my own.
Holding $ETH is the best way to capture upside on stablecoin adoption, image from @ElectricCapital chads
The bull case for ETH over the coming years isn't even treasury companies The bull case for ETH is worldwide adoption of stablecoins. People across the globe want exposure to USD and this will explode In doing so, potentially billions of people discover Ethereum
Ethereum is king 👑
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/ 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.
The stablecoin economy is just getting started. Here's why Ethereum is its natural home, and how ETH captures the upside
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/
The USD is a ticking time bomb (debt spiral), so smart money is buying BTC BTC is a ticking time bomb (security budget), so the smartest money is buying ETH
Ethereum is the only safe place for institutions to store trillions of dollars. 1. Ethereum's decentralization is nearly impossible to replicate -- community funded (not VC funded), started as PoW 2. Few systems in the world have the reliability of Ethereum - 100% uptime over…
It's not just BUIDL. Ethereum is capturing more and more share of the entire tokenized treasuries market. Started around 50% in Jan '24. Now just above 76%. (source @RWA_xyz)
Reminder: Ethereum has 100% uptime through 16 upgrades. That’s not just an engineering flex. It’s why we trust it to secure billions. Ethereum is reliable & credibly neutral. Ethereum is the only foundation for a truly free global economy.
1/ “Credible neutrality” is Ethereum’s secret weapon. It’s not sexy. It’s not easy to explain. But it’s why Ethereum matters and why it can outlast everything else. Here’s what it means, and why it’s so powerful:
When it comes to rebuilding global finance, Ethereum is still the only choice. Serious finance is all about pricing risk. In the modern era, the United States, with its strong regulations, strong property rights, and strong rule-of-law became the best platform for conducting…
The way I see it is that Ethereum is special, because it has NO competition. Yes there are other L1 chains. But Eth has something special. - It was entirely community funded (no VC’s). - It started as PoW, so it’s very decentralized. Those two traits are basically impossible…
Sorry, but eth IS a special snowflake The only reason people think it's not is price TSLA did nothing for SEVEN yrs while tech ripped - then 25x'd Short term price (even 3 yrs) doesn't change that ETH's decentralization makes it the best home for the trillion$ finance industry
ETH holders need to accept that the market has decided gold & BTC are in a different category ETH is not a special snowflake, it needs to show utility, growth, support apps, and capture value if it wants to be valuable Rn its lagging on all dimensions vs comps
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 👇🏽
We @electriccapital analyzed 110k+ developer profiles to understand crypto devs geographically. Asia is now #1 for crypto devs. The US is losing market share. Crypto impacts every state in the US -- crypto should be non-partisan. Here’s what the data shows & why it matters:
0/ 80% of 100 dollar bills are held offshore, representing over $1.5T in value! For most, outside of the global elite, the only access to USD was cold hard cash. Stablecoins introduced digital dollars to the rest of the worlds, and the adoption metrics are astounding. 👇
The real Ethereum bull run isn't price - it's brainpower. 1500% growth in researchers since 2019. Hard to bet against the collective brainpower of this ecosystem.
1/ We are excited to introduce the @ElectricCapital Crypto Market Map! The Crypto Market Map tracks 1,500+ projects in crypto. It contextualizes every major project in crypto by organizing projects into 6 tech layers & 137 categories. cryptomarketmap.org Let's explore 👇🏽
1/ The US Senate just voted 60-38 to overturn SAB 121 This is a BIG deal! It is the 1st crypto bill to get to the President It also sends a message to @SECGov that they are screwing up What is SAB 121? Why is this vote a big deal? How did the banks help crypto win here?! 👇
Espresso 🤝 AggLayer @0xPolygon Labs and Espresso Systems are working to solve the biggest challenge facing Ethereum rollups and L2s: Interoperability.