As an investor three of the most relevant metrics to evaluate L1 assets are:
→ maturity / future growth
→ (future) inflation
→ (future) realyield
ETH leads in all three categories vs. BTC & SOL.
———
FUTURE GROWTH
Assumption is that finance and relevant other industries will move onchain with crypto & AI having massive synergies.
US admin made clear that this is the goal of their policy going forward with tradfi whales like Blackrock, Fidelity & other heavily advocating for this goal.
Ultimately this addresses a market worth $400T (global wealth).
ETH is best positioned to be foundation of this onchain AI economy due to it's state level secure L1 and L2s enabling it to scale to global demand (1M+ tps). All while being highly mature & having 100% uptime last 10yrs+ and a 3x lead in active developers vs. Solana.
Currently ETH has massive leads in important onchain metrics:
→ 13.3x lead in stablecoin TVL vs. SOL
→ 17.1x lead in RWA TVL vs. SOL
→ 8.2x lead in Defi TVL vs. SOL
Bitcoin plays no role in these three categories because it has only very limited smart contract capabilities / is only a SoV rn within onchain AI economy.
→ ETH is best shot at being a proxy to this future onchain growth.
———
INFLATION
ETH: 0.77% ✅
SOL: 4.17% ❌
BTC: 0.82% ❌
ETH leads, simply holding asset inflates asset least of all majors. When onchain activity picks up, inflation will decrease. In mini NFT bull autumn 2025 we had gas costs of 50gwei+, which lead to deflation of around -0.5%.
———
REAL YIELD
When using staking services for ETH/ being a validator, real yields are:
ETH: ~2.3% ✅
SOL: ~2.3%☑️
BTC: -0.82% ❌
ETH & SOL same realyield. Staked assets can be put to work in their Defi ecosystems with caveat that ETH Defi is largest (8.2x lead in Defi TVL) and most mature one. Yield can be increased further by using EigenCloud restaking.
When onchain activity increases also realyield goes up, in case of ETH much more than in case of Solana (slightly lower net inflation via base-fee burns; doesn’t change inflation schedule. Since priority fees aren’t burned anymore, impact is limited).
Considering all implications overall lead for ETH here again.
Longterm ETH asset is a no brainer.
Endgame is ETH.
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