Before the Fusaka upgrade, the Blob fee was this low, and after the upgrade, it's still the same low. Wasn't the Fusaka upgrade a waste of time?
During this cycle, Ethereum sacrificed its two major cash flow sources, DA and validation, to subsidize the development of L2, resulting in the birth of Base, a monstrous offspring that frantically bleeds the Ethereum ecosystem to subsidize Coinbase's shareholders.
Therefore, Vitalik proposed the L1 Renaissance. However, the Fusaka upgrade still reinforces the Rollup-Centric approach. The Glamsterdam upgrade, optimized for the mainnet, won't be deployed and activated until H1 2026.
Technological narratives fall into two categories: one is the unfalsifiable technological theological narrative, and the other is the technological product narrative that can be falsified/verified by data.
BTC and ZEC chose a technological theological narrative, while Solana chose a technological product narrative.
Ethereum is a real contradiction. On the one hand, it has chosen a technological philosophy of programmability, while on the other hand, Vitalik has a strong desire to achieve sanctification through building a technological religion.
This results in a split personality among E-guardians: they cannot fully enjoy the addictive nature of the tech religion, yet they are often anxious about the tech philosophy PMF.
