Much of the $12 billion USD that was raised went into ETH based dapps. Many of which will pay out, transact and ultimately require ETH. Plus, all the tokenized standards in ETH. For example, an every increasingly amount of Institutions tokenizing their fiat to ERC-20 standard. (The Gemini Dollar) The last time I checked were over 8 different token standards built on ETH. Some for baskets of assets, some for ID standard, others exchanges, ECT. As ETH runs millions of tokens the value and apps we become enormous.

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