
RamenPanda|Mar 23, 2025 04:32
The institutional narrative of Ethereum is very good. The fundamentals are much better than Sol
But it's very foolish to expect institutional narrative pull ups
The only condition for a public chain to pull shares is to increase leverage. All the big bull markets of public chains in the past were leveraged bulls. DeFi is a leveraged bull; ICO is also a leveraged bull
The use of Ethereum by institutions and leveraging Ethereum by institutions are two completely different concepts.
Ethereum can now be used by $50 institutions to do what they want, just like $2000 Ethereum can do.
Not just Ethereum, this concept applies to all public chains
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