Ethereum's Dominance Highlights Its Strong Market Position

According to ChainCatcher, Dragonfly Managing Partner Haseeb has responded to claims that blockchain's competitive advantage is rated as '3/10,' calling it absurd. He emphasized that even Santi has never considered blockchain to lack a competitive edge. Haseeb highlighted Ethereum's sustained dominance over the past decade, during which hundreds of competitors have collectively raised over $10 billion in attempts to capture market share. Despite these challenges throughout the decade, Ethereum remains at the forefront of the industry, underscoring its formidable competitive advantage. He argued that if such achievements do not qualify as a competitive moat, then the concept itself might be questionable.