After enduring two full cycles of bull and bear markets, Bankless co-founder David Hoffman has announced he's going to liquidate ETH#ETH .
ETH has let too many people down~~
Compared to the hype and the unexpected rise of ZEC, ETH is still struggling: it didn't ride the bull market and took a heavy hit during the bear market. In this cycle, several ETH OGs have completely exited. Meanwhile, the community is still debating governance models and development directions, while the Ethereum Foundation keeps dumping, and the funds they've disbursed have yet to hatch any star projects. After 11 years, ETH seems to be facing a mid-life crisis.
#hype
The biggest challenge ETH currently faces is its lack of value capture. Despite a thriving L2 ecosystem and strong growth in stablecoins and RWA, Layer 1 fees are sluggish, and the continuous selling pressure from the foundation has prevented the deflationary mechanism of ETH from functioning effectively. Whether it can rebound through the Pectra upgrade, more institutional adoption (like stablecoin tokenization), and the combination of AI and blockchain will determine if it can escape this 'mid-life crisis'.
ETH has let too many people down~~
Compared to the hype and the unexpected rise of ZEC, ETH is still struggling: it didn't ride the bull market and took a heavy hit during the bear market. In this cycle, several ETH OGs have completely exited. Meanwhile, the community is still debating governance models and development directions, while the Ethereum Foundation keeps dumping, and the funds they've disbursed have yet to hatch any star projects. After 11 years, ETH seems to be facing a mid-life crisis.
#hype
The biggest challenge ETH currently faces is its lack of value capture. Despite a thriving L2 ecosystem and strong growth in stablecoins and RWA, Layer 1 fees are sluggish, and the continuous selling pressure from the foundation has prevented the deflationary mechanism of ETH from functioning effectively. Whether it can rebound through the Pectra upgrade, more institutional adoption (like stablecoin tokenization), and the combination of AI and blockchain will determine if it can escape this 'mid-life crisis'.