People still valuing Ethereum like a crypto app chain are completely missing what is happening. JPMorgan just filed for a tokenized money market fund designed around Treasury and repo collateral for stablecoin reserves.. not a meme, not an experiment, but the actual reserve layer of digital dollars moving onto Ethereum rails. That’s the insane part. Stablecoins become the consumer money layer, tokenized Treasuries become the backing layer, and Ethereum quietly becomes the settlement layer underneath Wall Street’s onchain cash system. Most people are still arguing about fees while the largest banks in the world are rebuilding money markets on $ETH.