Vitalik Buterin wants to give up Ether? Where is the future of Ethereum?

In 2024, Ethereum and its co-founder Vitalik Buterin faced challenges and controversies. On February 7, 2025, Vitalik Buterin tweeted, sparking speculation about 'whether to give up Ethereum', let's review the events and explore its future direction.

Vitalik Buterin's 'criticism' sparks speculation

On February 7th, Vitalik Buterin tweeted expressing dissatisfaction with the cryptocurrency field, criticizing the crypto community and venture capitalists for favoring PvP gaming projects, accusing those who pursue better products, meddling in the personnel arrangement of the Ethereum Foundation, making him want to give up. However, there are signs reminding him to fight for things of value. PvP gaming projects, represented by MEME coin, rely on user competition and speculation, focus on short-term speculation, lack practical applications and technological innovation, and experience significant market fluctuations. Vitalik Buterin believes that the current state of the cryptocurrency field deviates from its core values, hindering innovation.

Multiple pressures and controversies continue

In 2024, Vitalik Buterin faced many pressures and misunderstandings: he was questioned for selling Ethereum, and he clarified that it was used to support the ecosystem and charity; the Ethereum Foundation's sale of ETH was accused of "selling for cash"; his promotional style did not meet the expectations of some investors; technical roadmaps and future planning proposals did not receive widespread support; the rise of Solana brought competitive pressures; Ethereum's price declined, leaving investors dissatisfied.

The current situation is not good, and there are many challenges

In the market, in 2024, the price of Ethereum (ETH) remained flat, its market share decreased, underperforming the overall market. However, gas fee revenue ranks first among public chains. In terms of the ecosystem, the DeFi sector performed strongly, with Aave being the largest lending protocol. However, Solana is gradually narrowing the gap in DEX trading volume. Technically, completing the Dencun upgrade reduces Layer 2 transaction costs, but the fragmentation issue of Layer 2 networks still exists.

Hope is still alive for the future

Technical upgrades have the potential, and Layer 2 networks will improve cross-chain convenience by defragmenting and abstracting accounts. The ecosystem is resilient, with a dominant position in the DeFi and smart contract fields, and the scale and number of ecosystem project financing will both rank first among public chains in 2024.#Gate.io与F1红牛车队达成战略合作 #市场回调，哪些可以逢低入场？ #本周周末行情分析