The article discusses the current challenges facing Ethereum (ETH), including criticisms of the Ethereum Foundation and a recent price drop of 10%. The article highlights a disconnect between the focus on infrastructure and the demand for new applications by the wider crypto community. The competition from other blockchain platforms like Solana, Berachain, and Monad is also noted. The article suggests that ETH needs to bring execution back to the base layer, scale technically, and change the culture within the organization and developer community. However, it acknowledges that this will not be an easy battle. The comparison is made to the Department of Motor Vehicles, implying that significant changes cannot be made overnight. The article concludes by noting that the future of ETH and the Ethereum Foundation's role remains uncertain.



Other News from Today