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No company runs on ETH... lol. I'm sure the private VCs invested in thousands of projects (like Uniswap, Maker, etc.) feel exactly the same way.

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Is he wrong? Name one company that runs on ETH then.

The European Investment Bank issued €100 million worth of bonds on Ethereum:

https://www.theblockcrypto.com/linked/103016/european-invest...

Uniswap, Maker, Balancer, Compound, ZapperFi, Aave, Curve, SushiSwap, Yearn, Synthetix, Alchemix, Armor, Nexus Mutual, Ribbon Finance, DYDX, Hegic + over 100 more.

You can see a full list at https://defillama.com/

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