Energy and digital assets hobbyist @DynamixHQ
Houston, TX
Joined October 2021
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Phil Rajan retweeted
James Harden never just played the game, he’s stayed ahead of the curve. He’s innovated and expanded how the game is played. And every time the rest of the world caught up, he’s onto his next invention. So it only makes sense that he’s climbed the scoring charts for over a decade.
Congrats to a real basketball innovator for officially moving into 10th on the all-time NBA scoring list!
(Via byanymeansbasketball/IG)
Phil Rajan retweeted
The L2 play is absolutely genius - people will study it in history books as one of the most successful strategic moves in Ethereum’s evolution.
It allows the entire world to build their own configurable blockspace on top of Ethereum, tailored to their specific needs. This creates infinite room for experimentation and new products. And this architecture will outgrow everything else, because it’s the most flexible way to cover all possible use cases - giving builders the freedom to build whatever they want on the most robust, decentralized, and censorship-resistant platform in the world.
🫳🎤
“Solana was driven by memecoins, and the activity died. They’ll need to find a new trick.
But it won’t be enough to power greater price performance than ETH.
Every L1 besides Ethereum or Solana is a zero.”
it’s almost impossible for L1s to reinvent themselves. they can’t rebuild their tech for every new product.
Solana can’t compete with onchain perp DEXs because it’s not built for it.
Ethereum has @Lighter_xyz & @risechain, L2s purpose-built for this use case.
it’ll always win because it’s the base layer that innovation is built on.
the L1 doesn’t have to reinvent itself. new L2s do, and they all benefit Ethereum's network effects
Phil Rajan retweeted
Still blows my mind that we can buy $ETH below its 2021 ATH…
Since then, we now have:
• Reduced annual inflation by a few percent (averaging 0.165% per year since the merge to PoS)
• 35.7 million ETH staked
• ETFs + DATs buying over 1% of the ETH supply each month (strategicethreserve.xyz/)
• A handful of very successful rollups, already among the most active chains in the entire crypto ecosystem, settling on Ethereum using ETH
• Hundreds of ecosystem TPS on average, with regular peaks above 2k TPS (Fusaka will enable us to increase this capacity by at least 8x starting in December)
• ZK Rollup tech with thousands of TPS throughput capacity (@zksync @Starknet)
• Some of the most advanced privacy tech in the industry with Noir and @aztecnetwork among many others
• Institutional adoption from Robinhood, Alibaba, BlackRock, Deutsche Bank, UBS, etc., all building on top of Ethereum (ethereumadoption.com/built-o…)
• Billions of dollars in RWAs being issued primarily on Ethereum and its L2s, including an overwhelming market share in stablecoins
• ZKVMs getting ready for adoption by Ethereum Mainnet, with real-time proving times breaking records every other week (this will enable us to scale L1 to 10k TPS)
• Many more exciting things I’ve forgotten to add here…
Ethereum is winning on so many levels that it honestly can be a bit overwhelming at times.
Once $ETH finally breaks above $5K, everyone will start saying it was obvious.
And let me tell you… it is.
The ticker is $ETH.
Phil Rajan retweeted
ok, but here's the thing.
for treasuries when we say real yield we mean nominal yield adjusted for consumer-price inflation (purchasing power) we DO NOT mean adjusted for the quantity of money.
so real yield = real yield in purchasing power
that's what all of tradfi thinks when we say real yield.
But we're saying something more with ETH.
in ETH context real yield means = real yield in ACTUAL money supply, not purchasing power - real yield in actual units of underlying supply
to get the equivalent in treasuries, you'd have to show real yield adjusted for M0 and M1 or something - these are things tradfi barely pays attention to, because they don't think in terms of hard money
but that's the yield ETH is giving you - it's real yield in a HARD money.
Historic Day! Upward and onward!
Seems like this was obvious.
Not sure what changed in the ethos.
Things becoming clear:
1. Major institutions are making big bets on Ethereum.
2. The layered architecture is more flexible and the right long-term design over a single fast L1.
3. Stablecoins and RWAs are emerging as the main blockchain use cases, with Ethereum in the lead.
All bullish for $ETH and the market is starting to catch up.
Phil Rajan retweeted
In my view, and the view of our model at @EMJCapital ETH is going to $10,000.
And almost no one understands why.
Here’s what our model sees coming — and why the next leg up could catch everyone off guard 👇
As @fundstrat says “The ChatGPT” moment for Crypto is Stablecoins.
1st true Product Market Fit Use Case that TradFi can wrap their heads around. And only one chain with institutional-grade security, 100% up-time, and that is credibly neutral enough to build on top of
Bonus thought: How do you think AI Agents will interact with the world via payments? 🤔
Stablecoins are spreading the dollar faster than any financial tech in history.
And Ethereum is becoming the financial backbone.
For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis:
Remaking the Case for ETH 🧵
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