💵 Stablecoins & RWAs:
Half of all stablecoins (USDC, USDT) are issued on Ethereum. The growing use of on-chain treasuries, tokenized real-world assets (RWAs), and even fiat rails gives ETH real economic gravity beyond DeFi and memecoins.
Big names like BlackRock and Fidelity are now building tokenized asset platforms directly on Ethereum mainnet or L2s. Huge signal.
Need to realize that the overall stablecoins across various L1 has been increasing significantly. Solana and SUI also sees the same stablecoins growth as well as RWA.
I would only go back to investing in ETH if they can solve the L1 problem of gas fee, sometime it still spikes, ending the need of L2 once and for all.