Ethereum Settled $25 Trillion in 2022 Says Co-Founder

Joseph Lubin, the founder of Consensys and a co-founder of Ethereum, recently made a significant statement on social media. He asserted that Ethereum is transforming the way value is transmitted, much like how the Internet revolutionized information sharing. Lubin described Ethereum as a global settlement layer that has been operating continuously for nearly a decade, processing transactions every 12 seconds without interruption. According to Lubin, Ethereum settled over $25 trillion in value last year alone.

Lubin highlighted that Ethereum is the host of the most stablecoins, Real-World Assets (RWA), and asset tokenization projects. He emphasized that Ethereum itself is an asset with native revenue-generating capabilities, featuring a built-in re-collateralization mechanism and a robust DeFi ecosystem.

Lubin also predicted that stablecoins will soon replace the US dollar in global settlement. He noted that public markets are beginning to recognize this shift. Lubin expressed pride in leading a $425 million private placement for SharpLink, which introduces Ethereum's exposure to traditional capital markets. The goal of SBET is to benefit from Ethereum's native revenue opportunities and demonstrate these advantages to the public markets.