I read Ethereum's blog🪽
Portal: https://research.mintventures.fund/2025/06/09/web3-mint-to-be-ep30-re-evaluating-ethereum-what-are-the-bullish-reasons-for-eth-now/
Talked about why Ethereum was so bad in this bull market (beaten by BTC and SOL), and what big moves it is preparing recently🍕
Summary of points~
🪻1. Why is ETH not doing well this time?
L2 strategy has failed: Arbitrum, Base and other L2s did not return the fees they earned to ETH, but their own younger brothers took their jobs
Upgrading is as slow as a snail: one function took two years, Solana has iterated ten times, and ETH is still in a meeting to coordinate multiple clients
It's really too stubborn! Sticking to the idea that "mobile phones can also run nodes", the performance was criticized
V God is obsessed with "future technology": he talks about privacy/social every day, but users only care about DeFi and Meme, and all the heat is taken away by SOL.
🪻2. What is Ethereum doing?
Admitting defeat and changing the route: giving up the L2 fantasy, focusing on L1 expansion (the goal is to be 10 times faster by the end of the year)
Layoffs + blood transfusion: kick out the mixed project, invite technical tough guys (Nethermind boss)
Learned from it, no longer insist on "extreme decentralization", the threshold of node equipment is raised, and the problem of stuck is solved first
🪻3. Can I still buy ETH?
Short-term rebound is possible: after all, it has fallen too much, and performance improvement is a positive
Long-term view of V God: If he continues to be "idealistic", ETH may become the next "antique chain"
