Despite a recent dip in ETH’s price and growing criticism of its leadership, Ethereum insiders remain confident in the network’s vision, scalability, and long-term value proposition. Speaking at CoinDesk’s Consensus 2025 in Toronto, key figures from the Ethereum ecosystem addressed public concerns, emphasizing that Ethereum remains the most forward-thinking project in the blockchain space.

At the panel, Paul Brody, Global Blockchain Leader at EY and Chair of the Enterprise Ethereum Alliance, and Josh Stark of the Ethereum Foundation, openly addressed criticism targeting Ethereum’s roadmap and organizational direction.

“Ethereum's fundamentals are incredibly strong,” said Stark. “But we need stronger leadership and clearer communication. The ecosystem is delivering, but few are telling that story loudly enough.”

Leadership Changes and Strategic Vision

The Ethereum Foundation, which has faced backlash over coordination and roadmap clarity, recently saw a leadership reshuffle. Aya Miyaguchi, who led the Foundation since 2018, transitioned to the role of President in March 2025. Her departure as Executive Director brought in Hsiao-Wei Wang and Tomasz Stańczak as co-executives, aiming to enhance the project’s strategic execution.

Brody commended Miyaguchi's impact, stating, “If I look at her tenure objectively, I would say A plus.”

Ethereum’s Layer-2 Strategy: Risk or Evolution?

A central point of contention has been Ethereum’s rollup-centric roadmap, relying on Layer-2 solutions like Optimism, Arbitrum, and Base to scale efficiently.

While critics warn about potential security risks and fragmentation, Brody defended the direction. “I’m delighted,” he said. “Ethereum now has a network capacity approaching 300 to 450 million transactions daily, with Layer-2 fees averaging under a penny — that's remarkable.”

Stark added, “All ecosystems are moving toward modularity and specialization. Ethereum just got there first — and we’re solving the problems along the way.”

ETH Price Struggles vs. Long-Term Belief

Despite its innovation, Ether (ETH) has underperformed compared to competitors in recent months. Skeptics question whether its price reflects diminishing network health.

Stark, however, sees it differently: “Bitcoin has a simpler narrative as a store of value. Ethereum’s story is more complex, but it’s built on real value. Over time, markets will price in that value.”

Brody echoed this optimism, noting that Ethereum’s development pace, adaptability, and capacity improvements make it a cornerstone of the Web3 ecosystem.

Final Thoughts

While the Ethereum Foundation continues to evolve and criticisms remain, its advocates argue that the network’s long-term fundamentals, massive scaling improvements, and leadership restructuring are steps in the right direction.

As Stark concluded:"Ethereum is the most important project in crypto and always has been. Markets will catch up — it's just a matter of time."

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