Ethereum Co-Founder Joe Lubin on Ethereum Treasurys as the cryptocurrency turns 10

Ethereum is entering a "broadband moment" as a mainstream financial and technological infrastructure, catalyzed by legislative progress like the Genius Act and the emergence of corporate Ethereum treasuries. Joe Lubin, Ethereum co-founder and Sharplink Gaming chairman, characterizes the platform as "trustware"—a virtual commodity providing the foundational rails for a decentralized global economy. While Bitcoin serves as digital gold, Ethereum functions as digital oil, powering complex decentralized finance (DeFi) and smart contracts. Lubin anticipates a potential "flippening" where Ethereum’s market value eclipses Bitcoin’s as it matures into the primary functional component of Web3. Despite the recurring narrative of "Ethereum killers," the ecosystem’s massive lead in developer talent and institutional maturity distinguishes it from competitors often fueled by venture capital speculation. This transition marks Ethereum's evolution from a niche protocol into the essential software layer for a re-decentralized web.