Some people speculate that the potential of Ethereum (ETH)blockchain in surviving into the future is not very clear. That’s because thereare no leading companies across the globe tried to build decentralizedapplications on the platform.

Because of the negative sentiments that surround the cryptospace caused a huge damage to the reputation of ETH. Across the cryptocommunity, many are asking who will exactly build on Ethereum.

Following this issue, there are some allegations that the Consensysor Ethereum Foundation will supposedly finance the development of decentralizedapps and then use them based on the network of the project. On the other hand,those taunts are obviously unfounded.

Now, there’s a recent list of companies that bring new hopethat more than 359 some of the most respected companies in the world work hardto build the future on ETH.

Building on the Top of ETH protocol

For the record, Bitcoin (BTC) was the first crypto introduced to the market. BTC might be the first ones, but many cryptocurrency assets came after to solve the issues surrounding the BTC protocol or even expand the capabilities of cryptos.

On July 30, 2015, Ethereum was launched as a platformdesigned for decentralized applications. it is currently the leading platformdedicated to DeFi (decentralized finance), which is a concept popularized byMakerDao.

Adam Cochran, who works for an Internet privacy company Duckduckgo shared data on Twitter. His tweet feed reads, “You may have heard the crazy claim that ‘no one really builds on Ethereum’ and that ‘all the products being built on Ethereum are paid for by the Ethereum Foundation or ConSensys.’”

The largest corporations in the world like Standard CharteredBank, TD Ameritrade, Credit Suisse, Banco Santander, Accenture, Ernst andYoung, Amazon Morning Star, Uber, Intel, Microsoft, Nike, as well as NBAsuperstar Spencer Dinwiddie made an incredible effort to launch ETH-baseddecentralized solutions.

The Value of Ethereum Is Driven Through Utility

Over the past two years, Ethereum experiences significantlosses due to the fact that no one building on it.

Back in 2017, where both the ETH and BTC soar to all-timehighs, there were released new altcoins. Although most of these altcoins areaimed to move to their own market, the Ethereum’s visibility drove thealtcoin’s price to a peak of $1,400.

Following the bubble popped while the ICO rise, the value ofETH plummeted. As a result of extreme lows, the entire crypto space called forthe collapse of Ethereum.

In 2018, ETH hit double digits, which lead to bottoming at$80. However, it’s not true that there are no projects being developed onEthereum.

Based on the recent list, more than 359 projects outside of ConSensysand The Ethereum Foundation are known to build on the protocol.

Given how large the list is, it serves as an eye-opener thata lot of biggest brands in the world are building on ETH. Not only that, but italso suggests how much potential Ethereum is holding in the future.