Ethereum Ten Years: Breaking Out of Technical Involution

Ethereum 10th anniversary, discussing a few expectations for Ethereum.

Written by: Haotian

Ethereum 10th anniversary, there's no need to praise the genius young man Vitalik Buterin who built the Crypto universe empire, let's talk about a few expectations instead:

1. Ethereum's biggest enemy is not the high TPS of external competitors, but rather the "technological inward spiral trap" created by itself. Various stacked and complex yet less practical technical narratives are consuming Ethereum's strategic focus. The urgent task is to adjust the decentralized situation of layer 2 warlords and return to a unified and efficient high-performance strategy for layer 1.

2. The "Great Deflation" vision of UltraSound Money will eventually come to fruition. The burning deflation mechanism of EIP-1559 and the inflationary economic model of POS staking can be described as exquisite. Once this combination of burning mechanism + POS staking rewards + Layer2 Fee feeding back operates effectively, Ethereum is bound to enter the "Great Deflation Era." Compared to Bitcoin's limited value capture ability, Ethereum's layered revenue model's "long-term expectations" will have an overwhelming advantage.

3. The Ethereum version of MicroStrategy is definitely an epic boon. Utilizing this Wall Street-driven positive flywheel is much more effective than other technological narratives like "shared security". Therefore, Ethereum needs a "preacher" like Michael Saylor, who requires no flashy packaging of overly conceptual technology; just the positioning of a "globally programmable digital asset settlement layer" is enough for Wall Street to digest and speculate on for many years.

4. The AI Grand Strategy will be the "redemption" opportunity for Ethereum. Allowing smart contracts to natively invoke AI capabilities and enabling AI Agent applications to achieve revival on Ethereum, making decentralized consensus the infrastructure for AI+Crypto. Only the "AI Grand Strategy" can save Ethereum from the financial plight of merely DeFi nested structures, redefining the boundaries of Ethereum's narrative and application implementation.