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Thinking about $ETH and the current state of crypto... there's two interesting facts that keep popping into my head...

1) Defi on Bitcoin never took off

This really surprises me honestly because I always thought it would (I assumed via EVM or SVM L2's), but it hasn't, not even a little bit.

2) No other L1 has really staged a significant challenge to it either

Like seriously... its pretty much just Ethereum now... is it not?

Solana has had tremendous success obviously (and I like $SOL and own some), but its all sort of Solana-specific, if that makes sense...

And beyond that, no other chain has even come close to matching Ethereum...

At one point in 2021 there were other chains that got really popular for a time- first BSC, then Fantom, then Avalanche, etc- but really none of those were able to sustain the momentum.

And today, if you want to do anything serious in crypto, you are going to build it on Ethereum (or on something else that is itself built on top of Ethereum).

Steve Pack aka @paladin_eth- from @rocksolidHQ- talks about this in the below clip.

Its an older video but I was re-watching it and the segment struck me, as it really sums up what I think is the biggest bull case in Ethereum's favor...

Which is that for all intents and purposes, Ethereum IS crypto at this point.

Bitcoin has fully moved into its "store of value" era, which is awesome and which I support, but the fact is that there is nothing built on top of Bitcoin. And indeed only a tiny minority of $BTC holders actually hold it on chain.

And I'm not even saying this is bad- it just is what it is. I actually disagree with those who lament the Bitcoin ETF's and the Saylor accumulation and institutional adoption and etc - I think these developments are a net positive and were always bound to happen. But Bitcoin is definitely not "crypto" at this point (the BTC maxi's were right about that in the end, interestingly).

And then yeah, in terms of on-chain stuff, Solana has had a lot of success with memecoins and the sort of degen trencher world (and for a time I thought they were going to see breakout success via livestreaming on PumpFun, but then it pretty much died out)...

But for any serious "crypto" stuff its going to be Ethereum.

So yeah... if, like me, you are still bullish $ETH for the above reasons (or just a masochist, depending on how you want to look at it), and if you want to earn yield on it and support its decentralization, then I highly recommend @rocksolidHQ.

I've been an advisor to them for awhile now- hence will use this partnership tag thing, although these are just my thoughts and me trying to support them in general, not a specific advertisement or something- and I really view them as the best of the best as far as Ethereum and its roll in crypto goes.

They are hardcore idealists in every sense, and have tried to do everything right in building the project, abiding by the original OG Etherean ethos and the spirit of decentralization and permissionlessness and etc at every turn (they've also built their vaults without token incentives or points programs or hints of an airdrop or anything else, interestingly)...

In this regard, right now there are three RockSolid vaults...

a) the Rocksolid $rETH Vault
b) the RockSolid AutoPlus Looped $ETH Vault, and
c) the new RockSolid MegaETH USDm Vault (will link to this one below!)

Highly recommend checking them out!

And also highly recommend following the @rocksolidHQ account, as well as co-founders @wardy_ben and @paladin_eth 💪

And yeah... I really do believe that crypto will get its time in the sun... and that eventually all these assets will get the valuations they deserve...

And at that point there's honestly nothing in crypto that I think should be valued as high as $ETH 🫡