Ethereum is argued to have utility as the required burn asset for DeFi transactions, supporting a long-term bullish view.
ETH — LONG The author argues Ethereum is the oil of the largest global DeFi ecosystem because it must be burned to enable transactions, giving it utility. This burn mechanism creates structural demand analogous to office real estate's role in enabling work. The view implies a long-term bullish stance on ETH as essential infrastructure.
Ethereum is the oil of the biggest global DeFi Ecosystem, it is required to be burned to enable transactions, a utility in the same way offices are required to oil deep human interaction at work