ETH hasn't even shown what it's capable of.
Stablecoins have no relevant mainstream adoption ($292B vs. ~$95T global M2)
Composable & programmable DeFi making use of each other's primitives has no relevant adoption (also due to lack of L2 interoperability)
Tokenization of RWA is in the earliest stages ($10B vs. $400T global wealth)
The AI economy has only shown that it exists with Virtuals etc. but nothing relevant has happened (true unlock will happen with verifiable AI powered by EigenCloud preventing AI rugging users)
Corporations & governments are not doing anything relevant on-chain (this will be a global reference point ~10 years from now)
The list goes on.
ETH will even melt bull faces.
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