Chainfeeds Summary:
Over the weekend, a new round of debates about ETH began on social media. On the one hand, Vitalik's interview with ETHPanda sparked widespread discussion in the Chinese community. On the other hand, the continued decline in the ETH/BTC exchange rate has also caused widespread discontent. Regarding this issue, Web3Mario has written an article to share his views.
Source:
https://mp.weixin.qq.com/s/QWQ2br3qfsCQ7CMIOGBwZQ
Author:
Web3Mario
Viewpoint:
Web3Mario: Overall, I believe that the long-term trend of ETH is not problematic, because there is actually no direct competitor in the market. In the narrative of Ethereum, the key thing in the positioning of "decentralized execution environment" is "decentralization", not "execution environment", and this basic foundation has not changed. The core reasons that have led to the current bottleneck in the development of ETH are two-fold: firstly, the Restaking track has caused a vampire attack on the mainstream technical development path of Layer2, draining a large amount of resources from the ETH ecosystem. Constrained by the core mechanism of Restaking, which will not create incremental demand for ETH, the application side has been unable to obtain sufficient development resources and user attention, and the promotion and user education have stagnated. Secondly, the key opinion leaders in the Ethereum ecosystem are becoming aristocratic, forming a class of vested interests, which has led to the solidification of class mobility. The developer ecosystem lacks sufficient incentives, and innovation naturally appears to be weak.
Source
