According to @kwok_phil, businesses will adopt a stablecoin-first payments approach, then expand to their preferred cryptocurrencies, and ultimately list prices in crypto rather than fiat, source: @kwok_phil. For traders, this scenario signals potential growth in crypto-denominated pricing and settlement that could shift liquidity and quoting toward crypto units on exchanges if the trend materializes, source: @kwok_phil. Monitor announcements of stablecoin acceptance and visible price displays in crypto by large platforms as leading indicators of this path, source: @kwok_phil.

According to @alice_und_bob, ETH is heavily used in on-chain economic activity, supporting its roles as medium of exchange, unit of account, and store of value, highlighting real transactional demand for ETH that traders track through network usage signals, source: @alice_und_bob on X, Aug 9, 2025. The author also questions the sustainability of ETH continuing to fulfill these monetary functions, underscoring a key consideration for market participants evaluating Ethereum’s demand dynamics, source: @alice_und_bob on X, Aug 9, 2025.