Some people argue that ETH lost some stables to Tron.
So what.
Can also argue that ETH lost it to Paypal or some other 100% centralized entitiy.
There is literally no meaningful decentralized / zero counterparty risk competition to ETH.
ETH the asset:
- has zero counterparty risks (like BTC)
- is most permissionless collateral for Defi (unparalleled)
- it's realyield increases with more onchain activity (yes we're probably at 0.1% of global adoption)
- provides natural rails for AI agents, next big meta
It's pretty much destined that ETH becomes the most valuable global asset.
- powers foundation for future finance
- reserve curreny of onchain AI economy which addresses a $400T mcap (global wealth)
- zero counterparty risks
- soon private
- highly liquid
- most permissionless collateral for Defi
- realyielding 2.2%+, longterm 4%+
- longterm deflationary
It's all there and will be obvious soon.