#ETH

Ethereum public chain decisive battle 2025, life and death is this year.

As one of the pioneers in the field of blockchain, Ethereum has indeed faced many challenges in recent years. Ethereum's problems are mainly concentrated in the following aspects:

1. Internal management issues

The governance structure of the Ethereum Foundation is considered to be highly centralized, although Ethereum itself is a decentralized public chain. The decision-making process of the foundation is lengthy and complicated, resulting in the slow progress of many proposals. This bureaucratic management style makes Ethereum appear powerless in the face of a rapidly changing market. In addition, the leadership of the Ethereum Foundation is accused of lacking technical background and poor communication with the community, further exacerbating internal conflicts.

2. External competitive pressure

The rise of competitors such as Solana poses a huge threat to Ethereum. Solana has attracted a large number of developers and users with its efficient transaction processing speed and low fees. In contrast, Ethereum's high gas fee and slow transaction speed have become a bottleneck for its development. Although Ethereum has tried to alleviate these problems through Layer 2 solutions (such as Optimism, Arbitrum, etc.), the rapid iteration and efficient governance of competitors such as Solana put Ethereum at a disadvantage in the competition.

3. Slow technical upgrade

Ethereum's technical upgrade process is relatively slow. Although the upgrade of Ethereum 2.0 has been completed, its 3.0 upgrade plan (such as Binchen) is not expected to be fully implemented until 2027. This slow upgrade speed makes Ethereum seem powerless in the face of rapidly changing market demands. In contrast, competitors such as Solana are able to quickly launch new features, attracting a large number of developers and users.

4. Poor market performance

Ethereum's market performance is also unsatisfactory. The exchange rate of Ethereum to Bitcoin continues to fall, showing that the market lacks confidence in Ethereum. Although Ethereum still occupies an important position in fields such as DeFi and NFT, its market share is being eroded by competitors such as Solana.

These objective factors are for reference only!