Author: NingNing
Secretary-General Vitalik issued the highest instructions, insisting on the unwavering supply-side economics. Facing the severe external challenges from Solana, the Ethereum ecosystem needs to enhance its confidence in the infra-centric path and the confidence in the culture of white-left hippies, and continue to firmly promote the modularization (sharding) of Ethereum. In 25 years, the two mainnet upgrade key projects of Pectra/Fulu Osaka will be implemented, and achievements will be made in key areas such as account abstraction, L1/L2 interoperability, Blob market mechanism, mainnet adoption of data availability sampling, and mainnet block statelessness.
In the new year, all employees of the Ethereum ecosystem must adhere to the (abstract) consumer-centric approach, promote the Mass Adoption of (false) Web3, and focus on creating new Infra spin-off chains with high-performance AltVMs, fully supporting them through NFT airdrops and points Fi to siphon the Solana ecosystem, and consolidating the position of Ethereum L1 as the world's computer/Web3 financial settlement layer.
Vitalik's essay reveals his white-left crypto philosophy everywhere: he loves the abstract concept of decentralization and Infra, but hates users who embrace decentralization and use decentralized Infra - DeFi Degen, Pumpfun Gambler, Crypto Trader, and so on.
This cycle, the Solana ecosystem, which represents the American spirit and WASP blue blood, had a 24-hour transaction volume on a single chain that surpassed the entire Ethereum ecosystem at its peak. Its ecosystem wallet Phantom ranked in the top 3 in the App Store/Google Play download charts, crushing the Ethereum ecosystem wallet Metamask.
Even more terrifying is that Solana has occupied the minds of most Gen Z/post-00s and developers, many of whom have already seen Ethereum as an ancient thing that only old people play with.
Faced with these structural challenges at the consumer level, Vitalik offers a classic white-left solution: continue to vigorously pursue production, continue to build infrastructure.
The reason is obviously not to defend the fundamental interests of the Ethereum ecosystem, but because he is too afraid of power slipping away from his hands to the business elites from Wall Street/Silicon Valley.
Will this work?
Although the Ethereum ecosystem and the Solana ecosystem both refuse to acknowledge the existence of the Ethereum-Solana War, everyone knows that the Ethereum-Solana War will inevitably become the industry's main line in 25 years.
The market and user mindshare battles between the Solana SVM camp (@SonicSVM, @soon_svm, @solayer_labs) and the ETH AltVM camp (@monad_xyz, @megaeth_labs) will bring a lot of new wealth opportunities to everyone.
According to the current pricing of the Deribit BTC options market, 25 years will be a large W-shaped volatility structure. In such a market environment with tight liquidity and low market risk appetite, the SOL Flip ETH event may occur at some point during the spring or fall rally.
Once this event occurs, it will greatly change the market's mindset structure, and Ethereum's Minsky moment will arrive.
