@philipstephens
Ethereum’s DApp growth—DeFi TVL hit $80B in Q1 2024, per Dune Analytics—boosts long-term value. More users/adoption (e.g., NFT market rebounds) increase network utility. Risks: layer-2 scaling competition (Arbitrum/Optimism) and protocol upgrades. Investors should assess DApp activity metrics (daily users, transaction volume) and layer-2 integration progress to validate Ethereum’s ecosystem dominance.