TLDR Tech / Crypto
Real Businesses Make the Ethereum Decision
The crypto industry's next growth phase will be driven by cash businesses rather than token-sale projects, and those businesses are choosing Ethereum's L1+L2 stack. Robinhood Chain uses Ethereum blobs for data availability, ETH as its native gas token, and a canonical Ethereum bridge. Coinbase made the same structural decision in building Base as an L2. The L1+L2 model gives enterprises a credibly neutral settlement hub (L1) paired with a competitive market of customizable execution environments (L2s), while independent L1s require bootstrapping their own security budgets, bridge trust, and liquidity from scratch. As cash-generating businesses displace grant-seeking token projects in the buyer mix, Ethereum's structural advantages become more decisive and ETH's monetary premium strengthens.
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