Dragonfly Partner: Ethereum already has a strong moat; the claim that "blockchain has no moat" is absurd.
2025-12-11 00:56
Odaily Planet Daily reports that Dragonfly Managing Partner Haseeb responded by saying that rating "blockchain moats at 3/10" is absurd, and even Santi has never believed that blockchain "has no moats".
Haseeb points out that Ethereum has maintained its dominance for 10 consecutive years, during which hundreds of competitors raised over $10 billion in total to try and seize market share. However, after weathering the impact of all challengers throughout the decade, Ethereum has remained firmly at the top of the industry, which in itself demonstrates its strong competitive advantage.
Haseeb stated that if such achievements cannot be considered a moat, then the concept of a moat is probably meaningless.
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