How can people be bearish on ETH π€
ETH basically is DeFi. ETH alone covers ~58% of all of DeFi TVL (~65% when including L2s TVL).
DeFi is the biggest usecase of web3. What web2 is to data, web3 is to finance.
50% of stable coin supply exist on Ethereum & L2s.
Most advanced innovations in DeFi happens on ETH before being replicated on other chains.
There's a lot of noise around and bearish sentiment on X but fundamentals matters.