The Daily Gwei - An Ethereum Podcast Companies buying ETH, Gigagas L1 and more - The Daily Gwei Refuel #841 - Ethereum Updates
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Jul 8, 2025 The podcast dives into the increasing trend of companies investing in ETH, signaling its growing importance as a store of value. It discusses the emergence of the L1 gigagas era, highlighting anticipated technological innovations. Listeners learn about Ethereum's scalability roadmap and upcoming upgrades, alongside community engagement efforts like DevConnect. The celebration of Ethereum's 10th anniversary adds a nostalgic touch, marking a decade of advancements in the crypto ecosystem.
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Ethereum Valuation Misconception
- Valuing Ethereum based on network revenue is a flawed approach for Layer 1 assets like ETH and BTC.
- ETH's value is better understood as a programmable, decentralized store of value, not just a revenue generator.
Companies Betting Big on ETH
- Multiple companies are aggressively buying large amounts of ETH, signaling confidence in ETH over BTC and USD.
- This influx of treasury buyers creates significant buy pressure likely to support ETH price appreciation.
Treasury Buying Offsets ETH Issuance
- Ethereum treasury companies are buying substantially more ETH than the net newly issued supply, effectively offsetting issuance.
- This dynamic contrasts with Bitcoin, where treasury buying does not cover issuance, making ETH net zero in supply terms.