Avoid the pitfalls, Ethereum is already obsolete, below is a deep analysis of the viewpoints.
Today, let's analyze a few points in detail.
1. The truth revealed by on-chain data: ETH is currently living off its past achievements, with little progress.
The team's next major upgrade is scheduled for 2029, and the pace is slow.
It is now 2025, but the number of active addresses and daily transactions on-chain
are comparable to the levels of 2021.
In 2021, there were 440,000 active addresses,
while in 2025, there are 450,000 active addresses.
In addition, the number of on-chain contract deployments is even lower than in 2021.
Through on-chain data, we find that ETH's growth has stagnated,
with visible lack of progress.
2. The inflation issue is somewhat difficult to digest.
After the Cancun upgrade, ETH has shifted from previous deflation to inflation.
Since last April to now, it has been inflationary, with an annual inflation of about 600,000 ETH,
valued at $2 billion, which puts significant selling pressure.
3. Facing strong competition from challengers.
Currently, the number of active users on Solana far exceeds that of ETH and other ETH Layer 2 solutions.
With the launch of new public chains like Bear Market Chain and Monad this year,
ETH's position will be further weakened.
4. The team has lost motivation.
The ETH foundation has fallen into a lavish mode,
with reduced funding for developers and surrounding ecosystems.
The co-founders are no longer working, selling coins when the price is high,
having made a lot of money in previous years, so they don't want to put in effort anymore.
Summary: ETH is not a very good investment target,
investing in ETH is not as good as investing in BTC,
in another 2 years, ETH might become the next LTC.
New talents emerge in every generation, each leading the trend for decades.
This is a natural law, inevitable.
ETH has already experienced its golden peak and is gradually heading towards decline.
What do you think?
