Dragonfly Partners: Ethereum has a solid moat, the claim that "blockchain has no moat" is too absurd

Dragonfly managing partner Haseeb responded by stating that rating the "blockchain moat as 3/10" is simply absurd, and even Santi has never believed that blockchain "has no moat."

Haseeb pointed out that Ethereum has maintained its dominance for 10 consecutive years, during which hundreds of competitors have raised over $10 billion in an attempt to capture the market. However, after enduring the challenges from all these challengers over the decade, Ethereum still remains at the top of the industry, which itself indicates the presence of a strong moat.

Haseeb stated that if such achievements cannot be considered a moat, then the concept of a moat may be difficult to discuss.