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On-Chain Intelligence
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Ethereum is not being challenged from above. It is being crowded from below.
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“The flippening story in 2026 may be less about one volatile asset beating another, and more about dollar liquidity becoming crypto's default refuge.”
If this cycle is defined by caution, stablecoins may become the market's gravity well. Ethereum can still reclaim momentum, but only if risk appetite returns and ETH demand starts compounding faster than the growth of on-chain dollars.