Bankless Is Ethereum Back on Track? | Jon Charbonneau & @0xBreadguy
45 snips
Apr 23, 2025 
Jon Charbonneau, an informal researcher and educator in crypto, and Bread, an active commentator, dive deep into Ethereum's strategic shift back to Layer 1. They discuss the delicate balance between Layer 1 and Layer 2, stressing the importance of reclaiming DeFi as Ethereum's core strength. The duo explores how these dynamics affect Ethereum's competitiveness in the evolving crypto landscape and the need for a recalibration of its cultural vision and technical roadmap. Their insights reveal a future where Ethereum prioritizes growth and sustainability.
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Ethereum's Positive Vibe Shift
- Ethereum has undergone a positive vibe shift in the past six months recognizing Layer 1 issues.
- Leadership changes at the Ethereum Foundation signal a renewed focus on practical Layer 1 improvements.
Ethereum's Layer 1 Re-Centering
- Ethereum's broad ecosystem focus diluted Layer 1's priority, unlike Bitcoin's tight Layer 1 focus.
- Ethereum community is now re-centering Layer 1 as the core "Loki of Concern" for ecosystem sustainability.
Impact of Layer 1 Scaling on Layer 2s
- Increasing Layer 1 capacity can be positive sum for dominant Layer 2s but may wipe out marginal, undifferentiated L2s.
- Layer 2 projects must uniquely differentiate or risk losing viability as Layer 1 improves.