10 Thoughts on Ethereum Momentum and Web3 Adoption - The Future of Finance and Integrated Worlds?

Peter Saddington shares ten factors contributing to Ethereum's current momentum, marking a shift in his previously critical stance. He attributes much of this to its developing ecosystem and the financial incentives it offers. One key aspect is Coinbase's integration of its user base with Ethereum through Base L2, pushing over 100 million verified users on-chain. The Ethereum Foundation's ongoing development, particularly modular scaling via upgrades like the Merge and EIP 4844, are also contributing factors. Saddington highlights Ethereum's strong network effects, including its dominance in developer tools, liquidity, and the large amount of value locked within the network. He notes that Ethereum's tokenomics feature a burn mechanism that can lead to deflation, and that it offers users a real yield through fees and network consensus rewards.