William Mougayar
Beyond the Risk-On Trade: Why ETH and BTC Must Graduate to Fundamentals
Risk-on pricing built crypto fast. Fundamentals will decide whether it lasts. Should ETH and BTC remain risk-on assets, or is…
Dec 11
ReportsThe Internet's Blueprint for Ethereum: A Trillion-Dollar Public Goods Valuation Framework
This report argues that Ethereum is fundamentally mispriced because markets value it as a for-profit company rather than as a…
Dec 02
OpinionThe Death of the Cycle: Why Ethereum Is No Longer a Momentum Trade
We need to stop thinking about Ethereum through the old lens of “crypto cycles.”The bull/bear, four-year-halving-cycle mindset is a relic…
Nov 10
OpinionEthereum Is Not a Blockchain: It’s a New System with Internet-Like Properties
There’s a common shorthand that reduces Ethereum to a “blockchain.” It’s not wrong, but it’s incomplete — a category error…
Oct 14
OpinionThe New L1s Are Just Alternative Chains, Not L1 Killers
The “new corporate L1s” being launched by payments and stablecoin giants aren’t substitutes for a general-purpose, credibly neutral base layer…
Sep 25
OpinionEthereum Doesn’t Need an Elevator Pitch — Its Plurality Defies It
Calls for Ethereum to distill itself into a single “elevator pitch” miss the essence of what it actually is: a…
Sep 17
OpinionSolana is Not Ethereum, Not an Ethereum Killer, Not even Close
The narrative that “Solana is Ethereum but faster” is a misnomer in the blockchain industry. On the surface, both networks…
Sep 13
OpinionThe Ethereum Performance Paradox: Why One Metric Doesn’t Capture Blockchain Value
There’s an old saying in management: not everything that can be measured counts, and not everything that counts can be…
Aug 25
OpinionEthereum as the Amazon of Blockchain
When Amazon was founded in the mid-1990s, few could imagine that an online bookstore would evolve into one of the…
Aug 12
OpinionUnderpriced Revolution: Ethereum 2021 vs. 2025
In August 2025, ETH is trading at levels not seen since December 2021. On paper, the price is the same.…
Jul 24
OpinionUltimate Guide to ETH as a Productive Asset: 10 Strategies
ETH has evolved into a productive financial instrument. It is a foundational pillar of decentralized finance (DeFi). Unlike static store-of-value…
Jul 17
FeaturedETH as a Productive Treasury Asset
As Ethereum approaches its 20-year milestone, it is entering a transformative phase marked by accelerating institutional interest. Now widely regarded…
Jul 15
FeaturedBeyond Bitcoin: ETH as a Corporate Treasury Asset
Galaxy highlights how four U.S.-listed companies were the first to adopt Ethereum (ETH) reserves on their balance sheets. Following MicroStrategy’s…
Jul 07
OpinionTrust Is the Final Blockchain Frontier
Speed, features, and promises can be copied—trust cannot. It’s earned, not declared. Ethereum is proof that time matters. In the…
Jun 21
OpinionEthereum’s Success: Creating Category and Winning the Mindshare Race
An exploration of how strategic branding and adherence to fundamental marketing principles have secured Ethereum’s position as the industry’s leader.…
Jun 17
OpinionRethinking Blockchain Valuation for the Age of Decentralized Infrastructure
Traditional metrics fail to capture what blockchains really are. A new paradigm is needed—one rooted in usage, monetary flows, public…
Jun 13
OpinionEthereum Can’t Be Valued on Discounted Cash Flow
Ethereum Is Not a Company, It’s the Backbone of a New Digital EconomyThe narrative that Ethereum should be valued like…
Jun 11
OpinionThe Roll of Network Effects: Ethereum’s Edge Over Solana
The VHS vs. Betamax format war of the late 20th century offers a surprisingly apt historical lens through which to…
Jun 10
OpinionDon’t Let the Cult of Price Hold Crypto Back
Focusing solely on crypto prices masks the real progress taking place on blockchains like Ethereum William Mougayar, founder of the…
Jun 06
OpinionStop Comparing Solana to Ethereum
There are fundamental differences that separate Ethereum’s long game from Solana’s shortcut strategy While Ethereum and Solana may both claim…