🔵 [Analysis] The synergies gained from building on Ethereum's decentralized app ecosystem – Preethi Kasireddy

Preethi argues that Ethereum's ($ETH) decentralized app ecosystem greatly benefits from indirect network effects between the Ethereum platform and all the apps built on top of it. Every new user that gets added to the platform creates more demand for decentralized applications, which in turn creates a greater variety of decentralized applications. It’s a win-win. Furthermore, the decentralized and permissionless nature of Ethereum allows dApps to integrate with each other seamlessly as they share the same single standard, allowing the synergies to emerge automatically. The flip side of all this is that it becomes much harder to build giant businesses off direct network effects on Ethereum.