Ethereum Now Hosts ~$340B In User Assets – $260B Ahead Of The Next Chain. The Gravity Of ETH’s Network Effect Keeps Devs, Liquidity And Users Locked In.

Just crossed with this CryptosRus Tweet talking about apps on Ethereum hosting user assets metrics and had to share it.

https://preview.redd.it/yirawxnujvof1.png?width=1500&format=png&auto=webp&s=1b2404b18869f69307451be6eb233c52005cf680

As you can see in the image above, Ethereum now host around $340B in user assets, which gives it a $260B lead over the next largest ecosystem.

This metric really puts into perspective how far ahead Ethereum still is when we compare it with others on chain activity and value captured. For all the L2s and scaling solutions that exist in the crypto ecosystem, Ethereum continues to dominate and holds the throne. Nobody can deny the network effect, liquidity, devs, institutions and users keep orbiting back to ETH because of its insane mass they hold. It is like it has its own gravity.

Furthermore, Ethereum keeps improving with its updates to reduce gas fees, support L2s to reduce the power need on L1, etc. Ethereum keeps escalating and proving that the team behind is really competitive.

It's crazy checking Ethereum metrics because it doesn't matter which metric you are going to check that Ethereum will be king and on the worst scenario will be really close to the 1st one. Retail is really sleeping on Ethereum and they will come late and give money to institutions again.

Going back to the metric, $340B is not just a number. It represents user trust, locked collateral, staked assets and actual capital flowing through DeFi, NFTs, and other dapps. That is what gives developers confidence to keep building here.

Source:

• Tweet: https://x.com/CryptosR_Us/status/1966488226383728933