/ Conviction Index / Ethereum (ETH)

Ethereum (ETH)

L1 Blockchain · ETH · Launched Jul 2015
A

Excellent (A) — Conviction Grade

Ethereum is the canonical smart-contract platform — the settlement layer for the vast majority of onchain economic activity. Spot-ETF approval (May 2024) brought institutional ETH allocation onchain. Post-Merge (Sep 2022) energy-efficient proof-of-stake. EIP-1559 fee-burn produces disinflationary supply during periods of high activity. Strong developer ecosystem with multi-decade headroom.

92
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A
Governance Decentralization
A-
Liquidity
A
Adoption & Utility
A
Regulatory Posture
A-
/ Public-Record Events

Key events & disclosures.

  • Genesis Jul 2015
  • The Merge Sep 2022 (PoW → PoS)
  • EIP-1559 fee-burn implementation
  • Spot ETF approval May 2024

/ Best for

Smart-contract platform exposure; institutional allocation seeking yield through validator staking; DeFi base-layer collateral.

/ Watch out for

L2 scaling has materially reduced L1 fee revenue post-2024 EIP-4844. Long-term economic security model is an active research question.