You're waiting for the phone to ring, it's important to hear from the other side. You wait and wait and wait. It doesn't ring.

--The main line is bugged.

Regardless, you have to get an answer fast. You decide since you're not able to use the main channel of communicating value, you're better off using the side channels. Most of the side channels are built upon this broad, agile technology called EVM - the Ethereum Virtual Machine. (The phone is Bitcoin, but the side channels are Ethereum.)

This is our cute metaphor for the situation in 2025.  And here's our subjective analysis of Ethereum in 2025 as we approach civil war and a time of "general" war time internationally.

Israel and the United States are fomenting a powerful, broad war. At the same time, other powers seem to be tangled in preparations and excitement regarding the upcoming theatres of World War 3 -- where and who will fight this new futuristic war of big data, air strikes by language models, Big Dogs and drones.

--Will the money go full-tilt into Bitcoin as sanctions and internet and electrical blackouts go into effect? Or will Ethereum take up the liquidity slack, as well as allow a broad set of instruments for nations and states to maneuver the financial quagmire?

We think the latter.

Please allow us to explain our bullish on war Ethereum position. Yes, it has to do with its broad dApp utilisation but even more due to its international appeal and recognition as a highly liquid, fast, cheap form of value consensus conveyance.

1. Unrivaled dApp Dominance

Solana is more centralized than Ethereum, while Bitcoin is more hardened than Ethereum. Bitcoin is strength, but Ethereum is activity. And as you know, activity, or fluidity, is foundational to supply lines. How will Ethereum circumvent Bitcoin in a war time situation for a nation or state opposing or supporting a particular side's efforts?

Smart contracts. ETH is a fortress of machines. It is never still. While Bitcoin has only recently introduced ordinals contracts, it's operation is still fresh. As a first mover, Ethereum has the advantage here. The documentation on zKsync has expanded. There are innumerable ways to move value through Ethereum and it's transaction speed is excellent with the latest upgrades.

Ethereum holds a dominant 50% market share of a market projected to grow from $2.02 billion in 2024 to $815.86 billion by 2034. Major corporations like Hitachi, IBM, and Walmart already use Ethereum-based smart contracts for supply chain management and procurement.

Backbone of Decentralized Finance (DeFi): Ethereum is the undisputed leader in DeFi. It hosts 64.08% of the total value locked (TVL) across all DeFi protocols, which amounts to $84.01 billion. This means most of the money in the decentralized financial system is built on Ethereum.

Stables: The two largest stablecoins by market cap, USDT (Tether) and USDC (USD Coin), were created on the ETH. With 55.52% of all stables (representing 50.43% of the total stablecoin market cap) residing on its network, it benefits directly from the projected growth of stable transactions. In a war, nations will be utilizing ETH extensively if they are not already doing so covertly via automated NFT nashtrading(nation wash trading of currency).

2. Massive Institutional Reception and Deepening Scarcity In 2025

Strategic accumulation such as Sharplink Gaming's hungry meal this year is set to repeat again and again in coming months of war. Hold your Eth: 10 companies hold ETH worth a total of $17.5 billion, accounting for approximately 3% of the entire ETH supply.

This concentrated buying creates significant upward price pressure and reduces liquid supply. Historic ETF Inflows: Spot Ethereum ETFs have seen massive inflows, with a cumulative $13.5 billion as of August 2025. At one point, they were outpacing inflows to Bitcoin ETFs, bringing unprecedented institutional demand. Deflationary Supply Dynamics: The EIP-1559 upgrade introduced a fee-burning mechanism that permanently removes ETH from circulation with every transaction. Coupled with the large amount of ETH being staked or locked in DeFi protocols, this "burn and lock" mechanism tightens the available supply, creating a fundamentally scarcer asset.

3. Massive Upgrades

Ethereum's ongoing upgrades directly address its limitations and expand its capabilities. The team has had a refresh with Vitalik installing some new faces. No doubt they are tied into intelligence and he is merely a posterchild for Ethereum. But this only adds credence to the stated inferences we are drawing for you. If a nation state supports Ethereum's development, they are bullish on its future for their stables and they will utilise it fully. Even Wikileaks with its robust security practices succumbed to the penetrative gaze of nations and interest parties.

The same applies to the second-chain standard: Eth. It is being used in Europe and in the Asiatic colonies. It is these, along with unclear EU participants who have yet to openly display their cards on the table: whose funds will aid which side, how and why. All these things are being meticulously stream-processed by advanced algorithms (AI) by the second in various risk assessment centres internationally. We have Grok (did you think it was for meme pics to satisfy Elon only?) and we have DeepSeek(the India, China variants of leading teams) and many more that go by public or lesser known brand names or institute driven collaborations.

--But we can peruse Arkham for confirmation of strange flows in the East, West and the islands. These would be overlooked in calmer times, but they are the focus of Eagle eyes today in the "War of machines".

The upgrades to Ethereum in 2025 all placed it in a "Gold" position for virtual machine processing. Layer 2 solutions will keep advancing ensuring activities of war can go on without a main line (BTC).

With what we've seen in last few months regarding KYC (know your customer) biometrics heavy-handedness by the West, the same will likely follow even more heavily toward non-West institutions attempting to evade sanctions, bans and other arbitrary war-time related actions by the White House and Israel.

This makes Ethereum a war machine that is set to display sheer dominance in terms of fluidity for such action. No longer a mere "NFT token" bridge, but a real world-stirring financial internet of machines.

--

Follow up question if you made it through the article: Do you believe another chain is more reliable for nations to evade each other in their whackamole battle of sanctions, countersanctions and bans on individual ownership via KYC biometrics entanglements?

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