As someone who has been closely following the development of Ethereum (ETH) since its inception, I strongly believe that its biggest strength lies in its first movers advantage as a smart contract blockchain. This unique position has allowed Ethereum to develop into the leading platform for decentralized applications (dapps) and tokens, and to rapidly increase the Total Value Locked (TVL) within its ecosystem.

When Ethereum was launched in 2015, it was the first blockchain to offer a robust smart contract functionality, allowing developers to build decentralized applications that could run on the blockchain. This opened up a whole new world of possibilities for decentralized finance (DeFi), gaming, social networks, and other industries, all of which could leverage the power of blockchain technology to create innovative solutions that were previously impossible.

As Ethereum gained popularity, it became the go-to platform for developers who wanted to build dapps, and it attracted a large community of supporters and investors who saw the potential of this groundbreaking technology. This early momentum allowed Ethereum to establish itself as the premier smart contract blockchain, a position it still holds today.

One of the key advantages of being the first-mover in the smart contract space is that Ethereum was able to build a robust ecosystem of dapps and tokens long before other smart contract blockchains even existed. This gave Ethereum a significant head start in terms of network effects and adoption, which has been critical in driving the growth of the platform.

Today, Ethereum boasts a thriving ecosystem of over 2,700 dapps, ranging from decentralized exchanges (DEXs) to lending platforms, prediction markets, and social networks. These dapps have attracted a large and growing user base, which has resulted in a rapid increase in the TVL on the Ethereum network. The TVL on Ethereum is currently around $30 billion, i.e., about 6 times that of its closest competitor.

In conclusion, the biggest strength of Ethereum is undoubtedly its first movers advantage as a smart contract blockchain. This advantage has allowed Ethereum to establish itself as the leading platform for decentralized applications and tokens, and to quickly grow its ecosystem and increase the TVL on the network. As the blockchain space continues to evolve, Ethereum's early lead will be an important asset in maintaining its position as the go-to platform for decentralized innovation.

Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.

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