Ethereum celebrates ten years since its launch, having made radical transformations in the blockchain world by introducing smart contracts and programmability on the blockchain.

The network has become a cornerstone in the growth of decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized organizations (DAOs), contributing to shaping the modern digital infrastructure of the decentralized web.

Despite this achievement, the Ethereum project faces strategic challenges in the upcoming phase to maintain its leadership amidst increasing competition from other layer one (L1) networks.

The challenge: maintaining the position

Jimmy El-Khal, marketing director at Bitget wallet, sees Ethereum's future not linked to super applications, but to the maturity of its infrastructure.

He points out that interoperability and smooth integration are key to keeping the network at the center of gravity within a multi-network system.

He adds that reducing friction with layer two (L2) networks and accelerating transactions while reducing costs should be a priority.

He also warned that the technical roadmap, despite its precision, may slow down the upgrade process due to its operational complexities, which exposes the network to decline in user experience compared to more agile competitors.

For his part, Stephen Bo, co-founder of the Taraxa network, emphasized the need to stop relying on layer two (L2) networks, describing them as unsafe and temporary solutions.

He believes that real investment should be directed towards improving the performance of the L1 layer network itself, to be more efficient and cost-effective, especially in light of the emergence of new networks claiming superiority in terms of speed and user experience.

What’s next?

As Ethereum enters its second decade, critical questions arise:

Will it remain the second-largest blockchain network amid intensifying competition?

Will the ecosystem succeed in achieving decentralization while meeting user demands?

More importantly, will Ethereum reach new heights that enhance its status as a digital investment asset?

All these questions will remain open, and the answers will be determined by the pace of innovation and the network's ability to respond to technological developments and market changes.#ETH🔥🔥🔥🔥🔥🔥 $ETH