A few days ago, Vitalik pushed for the evolution of the ETH core protocol: EIP-4444 mitigates node centralization with historical state expiry and explores optimization of Gas and the execution layer, balancing L1's TPS and decentralization. Last July, during an AMA at the University of Waterloo, he emphasized this focus on protocol sustainability, transcending short-term speculation with a Builder mindset.
On-chain data ($2.5-2.6K, 400K+ DAA, TVL > 64 billion) shows resilience and has warmed up compared to last month's data, but the L1 State Explosion remains a hidden danger. The partial statelessness promoted by Vitalik is the key solution: aiming to lower verification thresholds, paving the way for Verkle Trees and ultimately complete statelessness, to enhance the antifragility of the L1 settlement layer.
In Vitalik's eyes, ETH is a programmable, censorship-resistant global trust layer, which forms a strategic complement to BTC's position as a Store of Value (SoV). The team's continuous focus on the robustness of the protocol and execution efficiency aims to maximize decentralized security and long-term network effects. This strategic resolve, which transcends short-term market noise, is the core barrier for ETH in the long-term game of public chains.
