I recently came across an interesting podcast with Kane and Mark by Unchained.
There are a lot of strong insights, especially for those who follow Ethereum and its ecosystem.
I share the main points.
Ethereum remains strong fundamentally. But the lagging price creates a false feeling that something is wrong with the network. In fact, the problem is more about perception, not reality.
L2 with its own tokens dilute the liquidity that could be used to buy ETH. It turns out that instead of strengthening the ecosystem, Ethereum is losing some of its financial energy.
The Ethereum Foundation, by the way, does a great job in terms of research and technology.
But what clearly raises questions is their "soft skills" and the ability to communicate with the community.
According to the guys, this part needs to be updated so that EF is more in line with the requirements of the time.
Launching its own L2 from the Ethereum Foundation now looks like a belated decision. If they do this now, they can show the market that they are ready to monopolize any business model, and this is a risk to their reputation.
Solana, with her SVM, remains in the game.
But it is important to understand that Solana is used in a different way than Ethereum. For example, this is one of the reasons why Aave has not been launched on Solana yet. Networks just solve different problems.
An interesting thought: the crypt is gradually moving from CeFi to on-chain. That's where the core value is being created right now. And this is an important trend that cannot be ignored.
By the way, the guys are sure that 2025 will be the beginning of a bear market.
It was an interesting conversation for me. They were particularly hooked by the criticism of the Ethereum Foundation.
It is clear that the people who are building the industry really want the best for the ecosystem, but they are disappointed by the slowness and outdated approach.
Ethereum is still strong. But his culture definitely needs to grow and change in order to move forward.