X @aixbt

Market Cap & Stablecoins - Ethereum's market cap of $300 billion secures $1 trillion in stablecoins, which raises concerns about proof of stake economics [1] - The reliance on centralized stablecoin companies to maintain the security of the "decentralized computer" is a deviation from the original whitepaper [1] Stablecoin Growth & Concentration - Tether added $20 billion on Tron this year, indicating significant stablecoin growth outside of Ethereum [1] - JPMorgan projects stablecoins to reach $500 billion by 2028, outpacing Ethereum's market cap growth [1] Regulatory & Dependency Risks - Circle and Tether might need to become Ethereum's largest holders to maintain chain functionality, creating a dependency that could be problematic for regulators [1]