On October 28, according to Kaito AI data cited by Andy, the host of the crypto show The Rollup, Ethereum co-founder Vitalik Buterin topped the list with 1.69% in the past seven days.
Buterin recently published a lengthy post defending the Ethereum Foundation’s routine ETH sales, emphasizing that these sales are used to pay Ethereum developers and researchers to maintain the network’s proof-of-stake mechanism and have kept the network running without interruption since 2016.
He also called on critics to "show some respect." The reason why the Ethereum Foundation does not use all ETH for staking to cover costs through returns instead of selling it is that the Ethereum Foundation wants to avoid being forced to make a "choice" in the event of a controversial hard fork.
The Ethereum Foundation is exploring other methods of staking participation, including issuing grants in the form of staked ETH, allowing grant recipients to control withdrawal times and keep the proceeds. He also mentioned the possibility of delegating the foundation's staking responsibilities to other organizations.
Ethereum's Layer 2 solution is expected to solve the congestion and high cost problems of the Ethereum network. However, Ethereum co-founder Vitalik Buterin made a harsh statement, saying that Layer 2 that does not meet the standards by the end of the year will no longer be considered a second-layer network.
Vitalik's decision is not without reason. As the cryptocurrency market continues to develop, the performance requirements of the Ethereum network are getting higher and higher. The emergence of Layer 2 solutions aims to increase transaction speed, reduce fees, and enhance the scalability of the network. However, many networks that claim to be Layer 2 do not actually meet the required standards, which brings risks to users and affects the development of the entire Ethereum ecosystem.
Ethereum is the core blockchain for L2 and L1 applications in the new global financial system. No other chain will be able to compete with it. Mert (CEO of heliuslab, OG of the Ethereum community) has suggested that Solana can transform into a core blockchain, but here are five reasons why Solana will never become a core blockchain.
Four years ago, Ethereum pivoted to focus on becoming the core blockchain for the new global financial system for both L2 and L1 applications. Ethereum’s core blockchain strategy is increasingly being seen as a top L1 strategy and a smart move — and while it’s still early days, if you look closely, there are signs that imitation is the sincerest form of flattery and L2 is taking over.
Solana has performed well this season in terms of decentralized finance (degen) and meme growth, as well as SOL price. However, I think Solana's leadership has begun to see the trend of L2's coming to eat into the market share of alternative L1. Now, they seem to be hinting that Solana can also transform into a core blockchain like Ethereum.
In my opinion, Solana will not even become “a” core blockchain, as its market share will decline year by year, and it will be at a disadvantage compared to Ethereum (L1+L2) in key metrics such as non-native application funding or major enterprise integration.
Ethereum will become the core blockchain of the new global financial system. No other chain can compare with it, including Solana. L2 is eating into the market share of alternative L1 and promoting ETH to become a circulating currency, which will bring huge value accumulation to ETH. $ETH #ETHBTC汇率新低