Ethereum is the biggest obstacle to the altcoin bull market. How to save Ethereum from its decline?

The figure below shows the income of the L2 project. Ethereum used to be the king of altcoins, leading altcoins to create the myth of a thousand-fold and a hundred-fold increase. However, with the arrival of Ethereum 2.0, it seems to have solved the problem of on-chain congestion, but in fact it has formed a situation of separatism and self-governance.

And UNI, which was once the largest contributor to Ethereum consumption, has to move down to other L2 projects today. This is undoubtedly another blow to Ethereum, making Ethereum worse again. The performance of Ethereum in this round also explains everything. How to break through in the future has become the key.

Now the income on Ethereum has been greatly compressed, and this part of the income has been ruthlessly plundered by L2. L2 is dividing the Ethereum kingdom into many small kingdoms for its own interests, which undoubtedly suppresses the motivation for innovation.

In the future, these L2 projects will further eat up Ethereum's share, and Uni, once the largest contributor, will be forced to join in to cater to other L2 projects. After the previous transformation from POW, Ethereum is no longer a global computer, no longer the only choice for Defi, but is composed of multiple decentralized ecosystems.

This completely deviates from the original intention of Ethereum. The use of sharding technology to expand L1 has also failed, and the emergence of a large number of L2 projects has divided and eroded Ethereum's interests, leaving little, which is Ethereum's biggest problem now.

How to make Ethereum rise again has become a problem that must be faced and solved, and it is also a major obstacle to the bull market of altcoins, because any action must be based on economic income, and Ethereum's income is getting less and less.

This is why even the imperfect sol can come out in this round, because sol has only one chain, and all ecosystems must rely on sol to complete, and L2 projects each strive for survival space for their own ecological development, while ignoring the king of Ethereum.

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