Chainfeeds Summary:
Ethereum has gradually fallen into a downturn due to various reasons such as narrative bottlenecks. Placeholder partner Chris Burniske has publicly voiced his support for Ethereum and predicted that the chain will revive in the next few years.
Source:
https://www.theblockbeats.info/news/55800
Author:
Chris Burniske
Viewpoint:
Chris Burniske: One of the reasons Placeholder has focused on Solana during the last bear market is the belief that it will become the mainstream blockchain for the general user, as it has advantages in faster speed, lower fees, and smoother transactions, which is reflected in the meme token craze. But we have always been supporters of Ethereum, and that has never changed. In the new cycle, although Ethereum may cede some of the share for the general user to Solana (which has already happened), the Ethereum community should continue to strive to consolidate the network's position as the center of the Internet Financial System (IFS). IFS will become increasingly important between 2025-2030, attracting more users than we currently see. Solana and other blockchains will also compete with Ethereum in the IFS field (which is already happening), but Ethereum still has a solid foundation. It has existed for more than a decade, with brand awareness second only to Bitcoin, deep liquidity, and enterprises can build their own Layer2 around Ethereum like Base. In the recent Ethereum community activities, I am excited about the discussions around Ethereum, as the community is learning lessons. During the 2018-2021 bull market, the Bitcoin community had become complacent, thinking they had succeeded and were in a dominant position. Around 2021, BTC was somewhat "outdated" and even mocked as a "baby boomer token", which sparked a revival and was part of the reason for Bitcoin's resurgence in this cycle. Similarly, in my view, some members of the Ethereum community have fallen into the same complacency trap from 2022 to the present, but as Ethereum is now being questioned as a laggard, many parts of the Ethereum ecosystem are about to be revitalized. Just as Bitcoin has experienced a revival, we may see Ethereum go through a similar revival in the next few years, driven by the self-reflection forced by competition.
Source
