Dragonfly Partner: Ethereum Already Has a Strong Moat, the Claim That "Blockchains Have No Moat" Is Absurd
ChainCatcher reported that Dragonfly managing partner Haseeb responded in a post, stating that rating the "blockchain moat as 3/10" is utterly absurd, and even Santi has never believed that blockchain "has no moat."
Haseeb pointed out that Ethereum has maintained its dominant position for 10 consecutive years, during which hundreds of competitors collectively raised over 10 billions of dollars in an attempt to capture the market. However, after a decade of challenges from all these contenders, Ethereum still firmly holds the top spot in the industry, which in itself demonstrates the existence of a strong moat.
Haseeb stated that if such an achievement cannot be called a moat, then the concept of a moat is probably meaningless.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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