Part 6/13:
Despite the emergence of faster or more scalable chains, Lee advocates for Ethereum’s unique position due to the "fat protocol effect"—the idea that the base layer of a blockchain network captures most of the economic activity and value creation. As institutions and developers build on Ethereum's neutral and decentralized platform, it becomes the core infrastructure—and the logical settlement layer—for the entire tokenized economy.
He highlights Ethereum’s broad consensus and decentralization, arguing that no other chain offers the same level of trust and neutrality sought by Wall Street, regulators, and institutional investors. When firms tokenize assets or develop financial products, they prefer platforms where influence isn’t concentrated among a few entities.