X @Token Terminal π
Token Terminal πΒ·2025-12-20 12:43
Does @ethereum L1 have a moat?One mental model: @Uniswap would lose half of its current business without Ethereum L1.Uniswap volumes:2020-2022 = Ethereum-only2022-2025 = Ethereum & L2s/L1s---------------2026-2028 = Ethereum-mostly? (driven by stablecoins & RWAs) https://t.co/0jsHUeAx9J ...