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.

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/