Dragonfly Partner: Ethereum already has a strong moat; the claim that "blockchain has no moat" is absurd.

Dragonfly Managing Partner Haseeb responded by stating that rating blockchain moats as 3/10 is absurd, noting that even Santi has never believed blockchain "has no moat." Haseeb pointed out that Ethereum has maintained its dominance for 10 consecutive years, during which hundreds of competitors raised over $10 billion in funding to try and seize market share. However, after weathering the onslaught of all challengers throughout the decade, Ethereum remains firmly at the top of the industry, demonstrating its strong moat. Haseeb stated that if such achievements cannot be considered a moat, then the concept of a moat is meaningless. Previous news: Alliance DAO co-founder: L1 only has hedging value if BTC struggles to quickly address security and quantum risks.