(Image via Stateofthedapps.com)
Ethereum is a platform. Remember blowing your N64 cartridges as a kid? Well, Nintendo 64 is the platform and those cartridges you bought were the applications. Ethereum only has as much value as the dApps built on top of it. In 2021 we saw some ethereum applications go truly viral such as Axie Infinity.
There are now a whopping 3,799 dApps on Ethereum, and the number is rising by the month. And while we can’t say for sure if the flippening will happen, we can say that if Ethereum gets their gas fees under control and continues to add new applications – if Bitcoin does flip, it will be Ethereum holding the spatula.