Ethereum Is Like a Shark. If It Stops Moving, It Will Die
Ethereum must continue evolving, like a shark, to maintain its lead against competitors in institutional finance and development, despite its current strengths.Summary
Axelar CEO Sergey Gorbunov argues that while Ethereum remains the preferred platform for institutional tokenization, DeFi, and stablecoins due to its maturity and uptime, it faces significant threats if it ceases to innovate. The upcoming Fusaka upgrade promises a tenfold increase in speed and capacity, crucial for attracting Wall Street, but scaling remains a major risk, as it still lags behind competitors like Solana in transaction throughput compared to Visa's average. Furthermore, major players like Circle (with Arc) and Stripe (with Tempo) are building competing Layer-1 blockchains compatible with the Ethereum Virtual Machine, while new specialized platforms like Hyperliquid are capturing significant revenue. Ethereum's strength lies in its mature ecosystem and developer talent (Solidity community), but to avoid losing its edge to well-financed entrants, it must focus on education and ensuring its core contributors guide the network's multi-year evolution, or risk being overtaken.
(Source：CoinDesk)