1confirmation founder: ETH scarcity will gradually increase

CoinRank News: Nick Tomaino, founder of 1confirmation, said in an article on the X platform that Ethereum is the leading platform for applications such as stablecoins, DeFi, NFT, prediction markets, decentralized identities, and decentralized social networking. Many developers and companies such as Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are thriving in the Ethereum ecosystem. ETH is a credible neutral means of storing value. As applications in the ecosystem become more abundant, its scarcity increases. It is also a capital-generating asset, and its protocol is also evolving.