Will It Lose Dominance in 2025?
Ethereum has long been the king of unsuccessful smart contract platforms. However, with the progress of 2025, its basic crack has begun to be displayed.
The Ethereum Foundation (EF) is a non -profit organization that is responsible for managing the development of the blockchain and is facing one of its most turbulent moments.
EF leadership turbulence: conflict between interests and transparency
Leadership reorganization, internal conflict and controversial US $ 165 million defi Investment has attracted people’s attention to the governance and neutrality of Ethereum. These struggles have reached the critical moment. The encrypted market is changing, and new competitors are becoming Ethereum as the serious challenger of the second largest cryptocurrency.
Vitalik Buterin recently confirmed The reorganization in the Ethereum Foundation Solve long -term governance problems. This major cultivation is caused by disputes such as the Lauller scandal. Two of them researchers of the Ethereum Foundation, Justin Drakeand Thanks for feistPlay the high -amount consultation role of the Irving Foundation.
“When he is on the role of the Ethereum, what will the core EF contributor do? Where can the popular user EMON on the X be neutral? Make funEssence
Eigenlayer, re -formulate an agreementAllow users to use their liquid fixed ETH on other networks. In addition to improving capital efficiency, this has aroused people’s attention to Ethereum Safety Model. When the encrypted trader Kuri leakage Drake and Feist have obtained millions of dollars in the characteristic tokens of Eigenlayer, and the community responded to anger.
Critics believe that this is an obvious conflict of interest, and insiders in Ethereum make a profit from the impact on the development of the agreement. The rebound led the Ethereum Foundation in May 2024 to introduce a formal interest conflict policy.
Drake finally resigned from the feature, but Ethereum’s reputation has been damaged. Many people question whether researchers and decision makers in Ethereum can trust the maximum interests of the network rather than their economic interests.
Ethereum Foundation’s US $ 165 million investment
With the development of the characteristic Laiti, the Ethereum Foundation made another decision to make another eyebrow stimulus. It promised Defi for 50,000 ETH (about $ 165 million). The purpose of this move was to supplement the Ministry of Finance of EF. In the past three years, the national treasury has shrunk by 39 %. EF allocated funds through 5 more signature wallets and deployed it to Agreement such as loan protocols And lido.
According to Spotonchain data, as of writing this article, the Ministry of Finance holds $ 752 million.
Because of the concerns of regulatory risks and network neutrality, the Ethereum Foundation will avoid ETH for many years. However, and ETH struggle in Bitcoin And Ethereum is in the developer and User activity With market share, EF decides to adopt more positive financial methods.
Some people think that this is a wise move to generate passive income, while others believe that this shows despair when the rule of Ethereum declines.
Gas restriction debate: expansion solutions and network risks
At the same time, Ethereum is focusing on another key debate that increases gas restrictions. Ethereum gas restrictions have exceeded 32 million, and nearly 52 % of the verification device signal support to increase.
The argument is that improving gas restrictions will reduce transaction costs and improve network efficiency.
“This will be the first increase in the shares. Since POS is much more dispersed than outdated technology such as POW, it will take longer to coordinate. Who will become a hero that places us on the top,” Pose Former Consensus Action Director Evan Van Next.
However, not everyone agrees. Critics warn that increasing gas restrictions will be too actively destroying the stability of Ethereum. Specifically, they say that this will make it harder to participate in small verifications, which may lead to further centralization.
At the same time, Ethereum co -founder Vitalik Buterin requires Pectra forkWhich one Promise better network usabilityEssence
“… IMO, we should also vote for Blob’s goal so that it can respond to the improvement of technical improvement without waiting for hard work fork“Buterin shared On X.
Because Ethereum is already working hard to cope with the risk of recovery, conflict between interests and governance disputes, gas restriction debate adds another layer of uncertainty in the future of the blockchain.
Ethereum and competition: the possibility of new # 2
Compared with other assets, ETH is not performing well, and investors are studying potential challengers. SoranaFor example, I have seen a revival, Attract developers And low -cost and high -speed transactions. Nevertheless, Intotheblock’s senior research analyst, Juan Pellicer, said that Solana still has a long way to go, it can make it unable to use Taifang.
“Although Solana may continue to grow and potentially challenge Ethereum in specific fields, it is still unlikely to overcome Ethereum as the leading platform as a leading platform in the near future. Although the competitive environment is dynamic and continuously developing,” Pellicer told Beinyptto exclusive.
At the same time, binance smart chain (BSC),, avalanche (Avax), even modular blockchain solutions such as CELESTIA (TIA) is attractive. In this context, the problem is no longer whether Ethereum will maintain a dominant position Smart contract platform. Instead, it can maintain its status as the second largest cryptocurrency.
If Ethereum continues to face governance issues and scalability challenges, and competitors can provide better efficiency and user experience, then its position in the market may face risks. In view of all these development, should investors consider Ethereum in 2025?
Despite the continuous problems, Ethereum is still the most decentralized and widely used smart contract platform. Its powerful developer ecosystem, deep liquidity and establishment infrastructure make it have a significant advantage. The recent leadership reorganization, conflict of interests, and changes in the management of the treasury show that EF is taking measures to correct their courses.
However, risks are undeniable. Ethereum is at the crossroads, and its next move will determine whether it can maintain its advantages, or whether the new market leader will replace it. Investors should be cautious to weigh these factors so that Ethereum’s strong basic principles and uncertainty around their governance and future development are balanced.
However, Ethereum is changing, and the community must determine that these changes are to better or indicate the beginning of its decline.
Beincrypto data show ETH’s transaction price is $ 2,812. Since the opening of Tuesday, ETH’s transaction value has increased by nearly 9 %.
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