Super counterintuitive: the more institutional chains/company chains/semi-decentralized chains there are, the more it actually benefits Ethereum, the only truly decentralized chain in the long run. On the surface, they seem like competing chains to Ethereum, but they’re really not. The more of them there are, the more they’ll pull against each other. Now, companies like Stripe, JP Morgan, Circle, etc., are all building their own chains... But these institutions will never build their stuff on a competitor’s chain. In the end, everyone will have to accept a neutral infrastructure that no one controls and everyone can trust. A chain where even the foundation itself doesn’t hold 1% of the tokens, and a chain with over 880,000 validators. Right now, Ethereum is the only chain that can play this role.