Compass Investments

– Could ETH reach the $100 trillion mark, as Nick Tomaino of 1confirmation has suggested?

Its certainly a dream worth believing inboth because of the growth potential and because of what such widespread adoption of Ethereum would mean for the entire world: a reliable and neutral tool for independently creating virtually anything on the internet.

And while we may still be many years away from such hypothetical heights, it seems that events that could pave the way for ETHs dominance are indeed unfolding.

Ethereum has already proven itself to be the best in class among smart contract platforms over its ten years of operation, but it is still implementing major technical improvements that will, in practice, enable it to serve billions of users purchasing block space.

For example, Ethereum is scaling vertically at the L1 level by increasing the gas limit, BLOB size, and other parameters. It is also scaling horizontally via L2 solutions. There are also interface improvements, such as frame transactions, which will pave the way for native account abstraction, or FOCIL and key nonces, enabling private transactions to be implemented natively on the mainnet.

Frame transactions mean that no one will need ETH anymorethis is the same old FUD about account abstraction that weve been facing since 2016.

EIP-8141 implies that every token on Ethereum will be able to be used to purchase ETH through the single action that every Ethereum user performs: buying block space.

As David noted above, the key point is that such steps could lead to increased business activity on Ethereum greater Ethereum dominance higher volumes of ETH purchases and burns.

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However, if technological progress continues but theres no one around whos interested in it, does it really matter? Thats precisely why the adoption of Ethereum by large companies plays such a crucial role.

Every organization that builds on Ethereum helps keep the ETH commerce flywheel spinning, while also setting an example for others. This technology is important; this technology can be useful., detected_source_language: EN

For example, Robinhood is the worlds largest mobile trading app, and its Layer 2 (L2) network, Robinhood Chain, has experienced an incredible surge in activity in just a matter of months, becoming the fastest-growing and most profitable network in the entire crypto industry.

This is, of course, beneficial for Robinhood and also has a positive impact on Ethereum and ETH; moreover, this success will encourage other large corporations to develop their own strategies for adopting Ethereum. But this Layer 2 network is just one domino, one beacon. In recent weeks, weve also seen many other examples of enterprise adoption, and each of them, in its own way, is becoming a gravitational pull for Ethereum.

Its been an eventful summer for @ethereum.

@RobinhoodApp Chain, an Ethereum L2 network built on @arbitrum Orbit, launched and surpassed the $1 billion TVL threshold in just 6 weeks.

The scale of these experiments is simply impressive, suggesting that its not entirely unrealistic that a significant portion of the banking system will be based on Ethereum and ETH in the future.

Greater clarity on regulatory issues will help make this happen. And although, according to rumors, the Clarity Act itself in the U.S. is already doomed to fail, this is far from a death sentence. The SECs new Regulation Crypto Assets alone could serve as a powerful catalyst for attracting more capital markets to Ethereum, which would naturally lead to a host of knock-on effects.”,”detected_source_language”:”RU