Svmuureports: In response to Bankless founder David Hoffman's liquidation of his ETH holdings, Uniswap founder Hayden Adams posted a reply on platform X, stating that “ETH is Money” is the correct narrative, though perhaps misunderstood by most.
Hayden Adams indicated that in the future, all assets will be tokenized, people will hold the assets they value most, and the most decentralized monetary system will manifest as “an infinite number of forms of money competing with each other.”
He believes that with a low-cost, high-efficiency, 24/7 asset exchange system in place, a single unit of account is not necessary. At the same time, he stated that Uniswap, built on Ethereum, is “the best decentralized monetary system,” and that it is still in its early stages.
Recommended reading: Bankless Co-founder's Confession on Liquidating ETH: Ethereum Did the Right Things, but “ETH is Money” Has No Future.