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Raoul Pal Defends Ethereum Value as Backbone of On-Chain Economy

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The Story

News Summary

  • Macro investor Raoul Pal highlighted Ethereum's foundational role, arguing that shutting down Ethereum would wipe out linked stablecoins, DeFi, and Layer 2s.
  • He asserted that base-layer value is driven by ecosystem security, developer density, and liquidity rather than traditional discounted cash flows.
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2504.21 +23.56% over the displayed period

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