# Bullish Related Articles

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Former Bankless Member Lucas: Why I Still Bullish on Ethereum

Former Bankless member Lucas explains why he remains bullish on Ethereum despite widespread pessimism. He acknowledges ETH's poor price performance over the past five years compared to Bitcoin and traditional markets, but draws parallels to historical multi-year consolidations seen in tech giants like Amazon and NVIDIA before major breakouts. Fundamentally, Ethereum is stronger than ever: record-high daily transactions (2.27 million in May 2026), significantly lower average gas fees ($0.27), over 400 million total addresses, and more than 32% of ETH staked, securing the network. Lucas's core thesis remains unchanged: all valuable assets will eventually be tokenized, Ethereum will become the primary settlement layer for these assets, and ETH will capture the resulting value. This transition is already underway. Stablecoins, the first proven tokenized real-world asset (RWA), have a $300+ billion market cap, with 54% settled on Ethereum. The broader RWA sector has surpassed $30 billion, with over 53% deployed on Ethereum. He compares the current RWA adoption phase to early DeFi in 2019-20, suggesting immense growth potential. Key catalysts like the potential passage of the U.S. CLARITY Act in 2026 could accelerate institutional adoption. While other blockchains will share the market, Lucas argues that traditional finance prioritizes Ethereum's security, stability, and established ecosystem for trillion-dollar asset tokenization. He concludes that as global assets migrate on-chain, the market will reprice ETH accordingly.

foresightnews_api4h ago

Former Bankless Member Lucas: Why I Still Bullish on Ethereum

foresightnews_api4h ago

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