The "car" is too heavy, and the "banker" is too scattered. As the 34th largest asset in the world, ETH's price is stagnant, and Ethereum has ushered in its own "midlife crisis".
Ethereum's 10-year power change: 3 internal reshuffles, now trying to bid farewell to the Vitalik era.
But in this round of crypto cycles, Bitcoin has repeatedly hit new highs while Ethereum is stagnant, and Solana has "reborn from the dead". After repeatedly reflecting on "What happened to Ethereum?", the community has truly realized that Ethereum is facing a dilemma of being in front of wolves and behind, and it is not irreplaceable.
In fact, the Ethereum Foundation has many shortcomings and its organizational structure is very chaotic. As a decentralized non-profit organization, it is not easy to handle Ethereum's internal organizational structure.
Looking back on Ethereum's journey, the 8 founding teams "separated" due to disagreements, and staged an encrypted version of "Silicon Valley's Eight Fairies Going Away". After Vitalik was the only one left, this decentralized non-profit organization became the "centralized" era of this prodigy, and his influence and authority were unprecedented.
Today, the complex relationships and ideological conflicts within the Ethereum Foundation continue, researchers are spitting at each other, and ideologies are subtly changing.
After experiencing the changes in the crypto era, the survival and death of the Russian-Ukrainian war, and the realization of life, the 30-year-old Vitalik seems to have started a new script and played a completely different role in Ethereum.
Vitalik is no longer the youngest, smartest, or even the most representative technical researcher in Ethereum. Vitalik's role will continue to weaken, and one day, Ethereum will become Ethereum without Vitalik.
