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It’s Ethereum’s Moment of Truth
There’s no time for complacency when the stakes are high.
Alright, Ethereum. Although you’ve been around for nearly 10 years and remain the leading smart contracts platform, people are growing increasingly frustrated with the lack of network progress on your base chain.
Yes, Layer 2 scaling solutions (L2s), I know. They’ve been handling most of your transactions, but so have other L1s — Solana, BNB Chain, XRP Ledger, Cardano, etc. — but with less decentralisation.
However, certain activities conducted directly on your network, especially ERC-20 token swaps, remain relatively expensive compared to what is offered by your above-mentioned rivals, notably Solana.
Today, we’ll discuss a major hard fork set to be fully rolled out on Ethereum shortly (the exact date is to be confirmed), explore a significant issue with L2s that is often overlooked, and examine the success of a recent upgrade.
Even though some are beginning to lose faith in Ethereum, to its defence, it still has more total value locked (TVL) directly on its chain than all other networks combined.
Straight-up Ethereum data, at least according to data from DefiLlama, as L2 stats are represented separately.
For anyone complaining about Ethereum’s lacklustre…
