Why Should I Invest in Ethereum… ?

By Nas.A | Journey To The Cryptocurrency Ocean | 1 Sep 2023

Hello My Friends, I think it's been a bit of an interesting topic... My aim here is not to be the biggest altcoin, but why the focus of attention is starting to return to Ethereum again ... ?

I want to explore the answer to this question with you…

If you're ready, let's start …

Alternative ecosystems have emerged due to the high transaction fees on the Ethereum network. All of them attracted great attention during the bull season. But as the number of transactions increased, problems began to arise.

Decentralized smart contracts platform Solana (SOL), we've all seen the disruptions it went through in its crypto journey as Ethereum's biggest competitor...

But what did Ethereum (ETH) do during this time … It continued to update itself … At the moment, projects that want to offer a solid infrastructure to their users who want to develop started to gradually move to the Ethereum network.

Indicators explaining why Ethereum should be invested;

Ethereum has always held the lead since its inception as a smart contract and decentralized application (Dapp) network.

Ethereum's dominance in terms of market cap is 18%.
Ethereum is the absolute leader with $24.6 billion TVL, followed by Tron's $5.4 billion and BNB Chain's $3.3 billion TVL.
The DeFi system currently has a Total Value Locked value of $38 billion. $22 billion of that is on the Ethereum network. In other words, 58% of the DeFi industry trusts the Ethereum network and financial instruments on it. Its closest competitor, the Tron network, has Total Value Locked at $5 billion.

Increasing decentralization strengthens Ethereum; Ethereum is the ecosystem with the largest number of active developers, with over 1,870 active developers. This is in Polkadot 752, Cosmos 511 and 383 in Solana.

There are over 700,000 validators on the Ethereum network and 99% of balances are locked in staking involved in the process. Each validator exceeding the 32 ETH cap would undoubtedly inflate this number, but Lido Liquid Staking, the largest known staking pool, controls 63%.

Derivatives Markets are Important for Institutional Investors; Ethereum's forward contracts are important for institutional trading applications such as hedging and leveraged trading. ETH's cash-settled futures were added to the Chicago Mercantile Exchange in February 2021. To date, no cryptocurrency other than Bitcoin has reached the world's largest derivatives exchange.

Leader in Ethereum NFTs; Nonfungible tokens (NFTs) are a perfect example of how cheaper and faster transactions don't always translate into increased adoption. There is no barrier for NFT projects to switch between blockchains for new listings or existing collections.
Ethereum is the definitive leader in terms of number of buyers and total sales. According to the data, the largest network achieved sales of $380 million in the last 30 days, while Solana, Polygon and BNB Chain achieved sales of $ 93 million in total.

My Last Words; Teams that initially developed their projects in networks other than Ethereum are gradually transitioning to the Ethereum network. I see this situation myself. Projects that I think will make a good premium in the bull season and that I have invested in; They started announcing Ethereum transitions from discord, Twitter and telegram groups. Especially projects in the NFT and DeFi sector ...

As I always say; Listen to everyone, decide for yourself...