Ethereum Is Winning—So Why Is ETH Still Undervalued?

Mar 14, 2025

Vivek Raman and Danny Ryan, co-founders of Etherealize, share their insights on bridging institutional finance with Ethereum. They discuss Ethereum's dominance in DeFi and tokenization, yet a surprising undervaluation of ETH remains. The duo highlights their efforts to foster dialogue with Wall Street and government, aiming to enhance understanding of Ethereum's value proposition. They also tackle misconceptions about Layer 2 solutions and the crucial role of user experience in attracting institutional investors to the Ethereum ecosystem.

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ANECDOTE

Vivek's Background

Vivek Raman's background is in traditional finance, having spent 10 years on Wall Street.
He transitioned to the Ethereum space after realizing its potential to upgrade the financial system.

INSIGHT

Danny's Background and Etherealize's Purpose

Danny Ryan joined the Ethereum Foundation research team in 2018, focusing on Proof of Stake.
After leaving, he realized a gap between the EF's role and the Ethereum ecosystem's needs, which Etherealize aims to fill.

INSIGHT

Etherealize's Expanding Mandate

Etherealize's mission expanded from institutional marketing to product building and onboarding.
This shift arose from institutional demand for real-world applications and use cases beyond just ETH as an asset.

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Vivek Raman and Danny Ryan are the CoFounders of Etherealize.

In this episode, we speak with Etherealize about their highly touted team focused on marketing, business development, and product on behalf of Ethereum. Despite Ethereum's dominance as the most trusted and secure blockchain for DeFi, tokenization, and institutional adoption, ETH remains undervalued so we get right into the weeds about how they believe we can fix the disconnect between Ethereum the network and ETH the asset. Plus, we get an inside look at the conversations they're having about Ethereum/ETH with Wall Street investors and governments!

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Timestamps

0:00 - Intro
6:18 - Origin of Etherealize and Vivek’s background
9:51 - Danny’s background
13:22 - How will Etherealize act on behalf of Ethereum
22:58 - Funding Etherealize with EF grant
29:01 - Sponsor break
29:39 - The OG EF strategy to ensure Ethereum eco is resilient
32:56 - What’s the day-to-day look like for Etherealize?
35:20 - Disconnect between ETH the asset vs Ethereum the network
39:47 - Significance of BlackRock BUIDL Fund choosing Ethereum
42:44 - Do we still believe L2 growth will lead to value accrual for ETH?
47:20 - Sponsor break
48:58 - Fragmentation narrative vs scaling a single blockchain
53:16 - The elevator pitch for ETH/Ethereum
56:50 - Buying ETH is buying into the backbone of civilization infra
59:19 - Closing

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🔗 Guest Links 🔗

► Etherealize website: https://www.etherealize.io/
► Etherealize on X: https://x.com/Etherealize_io
► Vivek on X: https://x.com/vivekventures
► Danny on X: https://x.com/dannyryan

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If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are both long time ETH holders. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.