Prominent figures in crypto, such as Hayden Adams, founder of Uniswap, and Ryan Sean Adams of Bankless Ventures, have recently shared insights highlighting Ethereum’s “intrinsic” value and the impact a spot Exchange-traded fund (ETF) could have on the blockchain’s future.
At the core of these insights, Hayden Adams spotlighted Uniswap as a key contributor to ETH’s value. His analysis suggests that Uniswap “dominates” ETH’s blockspace usage, accounting for a significant portion of the network’s maximum extractable value (MEV).
According to the founder of Uniswap, this dominance underscores the practical applications being developed on Ethereum, driving its utility and value. Concurrently, Ryan Sean Adams emphasizes Ethereum’s unique position as a “profitable blockchain.”
Unlike many speculative projects, Ryan Sean Adams highlighted ETH’s annualized profits, which surpassed $2.7 billion and outstripped even major corporations like Amazon regarding its price-earnings ratio.
Someone has to say it.
ETH price at $2.2k is hilarious.
Everyone out here trading “what ifs” this cycle when Ethereum has fundamentals.
Let my tell you why $2.2k ETH is stooopid.
Ethereum now makes $2.7 billion in annualized profits – the only profitable chain – a P/E ratio…
