X @Token Terminal 📊
Token Terminal 📊·2025-11-15 19:32
RT Milk Road (@MilkRoad)Ethereum’s real economy grew 3x faster than ETH’s price.Since 2020, the supply of stablecoins sitting on Ethereum is up 65.5x.That’s the clearest signal of real demand you can find, money only move where activity is happening.Over the same period, ETH’s fully diluted market cap is up 21.6x.Meaning the chain’s economic engine scaled way faster than its valuation.If price eventually catches up to activity, like it always does, the gap between the orange line and the blue line won’t sta ...