Great charts and insights on "Ethereum's Asset Issuance Moat" in today's report from @Uptodatenow and @glxyresearch "Ethereum's TVL market share has held remarkably steady at roughly 55%-60% since mid-2022" "Liquidity begets liquidity, and Ethereum's dominance persists [in lending and DeFi] because of the depth of its collateral markets, oracle infrastructure, and surviving multiple market crashes. This creates a trust premium that newer chains can't quickly replicate, particularly for the largest allocators whose risk tolerance is the lowest." "Stablecoin issuance tells a similar story. Ethereum still hosts approximately 50% of all stablecoin market cap" "Ethereum also hosts over 60% of all tokenized real-world assets... This is arguably some of the stickiest capital on Ethereum, because institutional RWA issuers choose a chain through months of legal review, custodian integration, and compliance sign-off."