Ethereum is still widely misunderstood by the market.
Despite constant debate, the data underneath keeps strengthening.
$ETH today supports 10,000+ ERC-20 tokens.
That includes some of the most systemically important assets in crypto:
• USDT: the primary liquidity rail
• USDC: institutional-grade stablecoin infrastructure
• LINK: oracle security for on-chain finance
This activity is not theoretical. It is live settlement.
On the application side, Ethereum hosts 4,000+ active dApps, the largest ecosystem in production.
+ Leading examples:
- Uniswap: deepest decentralized liquidity
- Aave: core protocol for on-chain credit
- OpenSea: NFT market infrastructure
Every swap, loan, and mint ultimately consumes ETH as gas and collateral.
Yet market discussion often focuses on short-term scaling concerns and narrative shifts, not usage.
Historically, infrastructure assets are mispriced until adoption becomes impossible to ignore.
Ethereum is not a trend.
It is the base layer.
Is the market valuing Ethereum as speculation, or as infrastructure?
