DeFi explorer | Sustainable protocol advocate | Researching revenue-driven models in blockchain | Imperial
Joined March 2018
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HashSpike retweeted
The risk/reward on $ETH right now is absolutely insane.
The road to $14,000 starts here 👇🏻
HashSpike retweeted
Raoul Pal: “The entire banking system will go to ETH”
“I find it hilarious that 1.5-2 years ago people were like, ‘ETH is dead.’ I’m like, ‘No, the entire banking system will go to ETH.’ That doesn’t mean it’s a mono-chain world, but I know how banks work… It’s really for them about Lindy effects — things that survive; things that you don’t get fired for; things that are proven.”
Etherealize co-founder Danny Ryan adds to Raoul’s point:
“I had to learn this. We’ve worked for a decade to make sure Ethereum is resilient, multi-client, is distributed across the world, has 100% uptime. And I had no idea until I talked to the banks: I’ve found a customer of decentralization. They just don’t know it. They care about uptime. They care about resilience. They care about the thing that’s been around for the longest. They care about the thing that no one can turn off. You just have to translate the language to them. And yes, the ‘no one gets fired for picking Microsoft’ dynamic is very real, and it’s in Ethereum’s favor.”
Raoul points to Ethereum’s developer network effect as well.
Source: @RaoulGMI (Apr 2026)
HashSpike retweeted
Whales continue to accumulate $ETH.
New wallet (0xf23c) just withdrew another 7,000 $ETH($13.46M) from #Binance and staked it.
xitter.gq/lookonchain/status/207…
It looks like many whales are accumulating $ETH.
Whale 0x4cee woke up after 3 months of inactivity and spent 20M $USDC to buy 10,501 $ETH at $1,905.
A newly created wallet (0xf23c) withdrew 12,800 $ETH($24.47M) from #Binance over the past 24 hours and staked all of it.
arkm.com/explorer/address/0x…
arkm.com/explorer/address/0x…
HashSpike retweeted
$ETH is going to $10,000 sooner than anyone thinks
Price is down 60% from the top, but everyone is looking at the wrong scoreboard
Price is a function of supply and demand. Let's start with demand:
1. Stablecoins hit a record $320 billion in May, their 4th straight monthly all-time high, and over $175 billion of them live on Ethereum
2. Tokenized assets hit a record $28.9 billion, with tokenized treasuries at $16.1 billion
3. Ethereum holds roughly 53% of all tokenized real-world asset value. When @BlackRock and @FTI_US needed a home for their funds, they chose Ethereum. Every dollar of that settles on ETH rails
In March, @SECPaulSAtkins and @CFTC published a joint framework that classifies ETH as a digital commodity. Binding on both agencies, first time ever.
Five days before that, BlackRock launched a staked ETH ETF so institutions can earn the yield without ever touching a validator
And ETF flows just flipped positive for the first time in 8 weeks
The third wave is what nobody's pricing: the supply is disappearing
1. Over 39 million ETH is staked, roughly a third of the entire supply
2. Exchange balances fell to 8.3% of supply in May, a multi-year low per @glassnode
That's the exact setup Bitcoin had before the 2024 ETF run: demand showed up and there weren't enough coins to go around
This thesis doesn't even need the burn. It needs the tradeable float to keep shrinking while the demand rails keep growing. BOTH are happening NOW.
At $1,900 you're paying 2021 prices for a network that's never seen stronger fundamentals
$10K $ETH is FUD
Follow @BitcoinJesusETH for more
$1 Milk Road PRO / track my real-time portfolio, every buy and sell (link in bio)
HashSpike retweeted
NEW: Ethereum ETFs see 58 million dollars in net inflows on July 14
Fresh capital flowed into spot Ethereum ETFs during the latest session
HashSpike retweeted
⚡️ JUST IN: Ethereum co-founder Joseph Lubin says Ethereum L1 fees should remain low to drive adoption, arguing that growing activity, staking, and ETH burning will strengthen the network’s long-term value.
HashSpike retweeted
Every AI agent making a transaction needs to settle that transaction instantly.
Legacy payment rails were built for humans operating on human timescales, days for ACH, seconds for Visa at best.
@jerallaire, @circle Co-founder, argues this creates a hard architectural requirement: the agentic economy must run on software money, software contracts, and software governance, or it fails structurally.
Instant settlement. Micropayments. Programmable rails.
That's a stablecoin use case, not a credit card use case.
Andy: "We're all anticipating what's going on in the future where agents will operate onchain."
HashSpike retweeted
We're starting to feel bullish about $ETH ...
Per Lookonchain, a single wallet address has withdrawn 49,407 $ETH (worth $84.3M) from @Binance since June 30, also withdrawing some $15.66M worth of @Ethereum $WBTC.
Despite changes from the Foundation, sentiment around crypto's second largest asset seems to be shifting, reflected in the reversed fate of spot $ETH ETFs in recent days.
HashSpike retweeted
In my opinion, Ethereum L1 revenue fees should stay low to foster growth. Tens of thousands of companies will set up shop over the next 2-3 years on some mix of Ethereum L1, L2s, and private permissioned EVMs like Besu chains which will be fully interoperable with L2s and L1s. Monetary premium will grow very large, "fee revenue" to L1 from so much activity will grow significant, staking and other locking away of ETH will reduce supply, and net burning of ETH under ultrasound conditions will further grow the value of ETH.
The Robinhood Chain is the cleanest case study of what happened to ETH's economics over time.
Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue.
@Arbitrum, the middleware provider, takes 10%: ~$80K.
Arbitrum then pays Ethereum for settlement: $1,538.
The margin profile roughly:
Robinhood: 89%
Arbitrum: 10%
Ethereum: 0.15%
If your thesis is "ETH is money," Robinhood building here is ultra bullish. More activity, more ETH collateral, more lindyness.
If your thesis is "ETH is a revenue generating asset," this is the ultra-bear case.
And here's the uncomfortable truth: Robinhood was never going to build on Solana, Sui or any monolithic L1. They want the stack customization. They want to be landlords, not renters. Ethereum won this deal on merit.
It's just not pricing it right.
A healthy split to me looks more like:
Robinhood: 75%
Arbitrum: 10%
Ethereum: 15%
Ethereum sells the most valuable settlement layer in crypto at marginal cost. Things need to change. @ethlabs_org
HashSpike retweeted
ETH is going to $100,000 in 2027
You are running out of time to enter the most insane generational trade of the century.
If you miss out, you will have nobody but yourself to blame.
You have been warned.
HashSpike retweeted
I don't know who needs to hear this but... gold has a market cap of $30T and generates $0 in fees...
HashSpike retweeted
At some point $AERO will go absolutely parabolic, probably inline with $BASE airdrop
I'll be there for the ride, @aeroxyz
coinbase buying veAERO on open market at full retail price to control liquidity emissions on base. aerodrome processes 51% of base DEX volume, $70b+ annually on $400m TVL. the aero/velodrome merger executes this month, extending that governance to ethereum mainnet and circle's arc chain simultaneously. one governance token controlling liquidity allocation across three chains. coinbase is building exchange to L2 to privacy layer to DEX governance as a single vertical stack. no other entity has this depth of control over the onchain finance pipeline. the merger window closes in july and every veAERO locked for 4 years removes circulating supply permanently. think about how much a choke point on $70b in annual volume is worth. it's worth more than that.
HashSpike retweeted
.@aeroxyz is running 64.7% of Base's daily DEX volume right now. $473M in a single day — more than double Uniswap's entire @base footprint.
That's not a protocol losing liquidity. That's a protocol doing more volume with less capital sitting idle — which is either ve(3,3) working exactly as designed, or a warning sign about slippage on size.
$8.93M in fees generated over 30 days either way.
The real question: which way does the TVL trend break next?
HashSpike retweeted
ETH the SoV and Ethereum the hub have been growing the deepest roots in crypto, by far. Years from now, the trajectory to trillions will have seemed telegraphed, even obvious.
HashSpike retweeted
A quick reminder: Glamsterdam, the most impactful scaling upgrade in Ethereum’s history, is shipping within a few months.
At the same time, pretty much all ecosystem metrics are near ATHs. Institutional adoption is here, and Ethereum’s roadmap has never been clearer.
Ethereum is dominating ZK and quantum research.
Meanwhile, “competitors”, if you even want to call them that, have never been weaker.
Ethereum won.
All while $ETH is among the most oversold it has ever been.
Not for long.
It’s obvious, and it’s inevitable.
Believe in somETHing.