Nick Tomaino, the founder of 1confirmation, wrote on the X platform that ETH is the currency used for all new use cases driving the development of the internet, from decentralized finance to NFTs, prediction markets, stablecoins, games, and DAOs, among others. ETH has a yield of about 2.5%, is deflationary, and benefits from the growth of the most robust blockchain scaling strategies (L2 and L3), which is why extreme BTC users hate ETH because they feel threatened.