Tom Lee, Chairman of Bitmine, posted on X that Ethereum is poised to develop into probably the most extensively used settlement layer for finance and AI brokers, stating, “ETH is on-chain cash.”
Moreover, in a reposted interview, Tom Lee addressed the market concern that Ethereum is being eroded by Layer 2 options, expressing disagreement. He famous that whereas Layer 2 networks have introduced tens of hundreds of thousands of real-world customers into the on-chain ecosystem, Ethereum’s mainnet continues to strengthen its place as the first financial settlement hub, with its Quick Affirmation mechanism lowering transaction friction by roughly 98%.
