10 signs $ETH is well on its way to $10k

#1: Ethereum dwarfs every blockchain in terms of fees paid, with a current run rate of nearly $7 billion -- confirming massive demand for $ETH block space.

#2: Ethereum settles $30.5 billion worth of value per day, far more than Bitcoin and every other blockchain -- to put this into context, PayPal settles ~$2.5 billion daily.

#3: Ethereum has 625k daily active addresses (90-day MA) -- a figure that continues to climb and now sits comfortably at ATHs.

#4: There is now $65 billion locked in #DeFi, with 16 different projects having more than $1B TVL -- a sign that Ethereum is institutional-grade financial technology.

#5: Ethereum has $50B in outstanding stablecoin supply, with 500k daily unique senders and $20B in value being exchanged per day -- a sign of explosive product-market fit.

#6: Monthly #DEX volume stands at more than $60B, up ~60x YoY -- proving #DeFi liquidity already rivals #CeFi.

#7: More than 200k $BTC ($11.2B) are now represented on Etherem in various forms -- a sign that $ETH is becoming an economic vacuum for all assets, including Bitcoin.

#8: Sales of #NFTs on Ethereum have now surpassed ~$600M, with 13 pieces selling for $1M+ each -- a sign that new categories of applications are also emerging on $ETH.

#9: @0xPolygon is currently doing ~1M daily txs and has onboarded numerous #DeFi blue chip projects, including @AaveAave which has >$2B in liquidity there -- disproving the "Ethereum can't scale" narrative.

#10: Finally, in less than 3 months(!), the EIP-1559 upgrade will be activated, likely resulting in hundreds of millions worth of $ETH being burned each year -- this is a massive catalyst for $ETH value capture and its overall fundamental investment case.

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