Ethereum creator Vitalik Buterin surprised the crowd at TOKEN2049 Singapore by delivering his speech in concert form, singing about Ethereum's Layer-2 networks, Optimism, and Arbitrum. Vitalik highlighted how Layer-2 solutions have dramatically reduced transaction fees and improved speeds, making Ethereum more scalable. He also stressed the importance of balancing mainstream adoption with decentralization values. However, Ethereum faces competition, with DApp activity down and Bitcoin's dominance strong. While ETH struggles around the $2,400 mark, a bullish breakout could potentially push it to $3,000.
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