The Daily Gwei - An Ethereum Podcast The State of Ethereum | The Daily Gwei Drive Thru with Anthony Sassano and David Hoffman
Jul 23, 2025
In this discussion, David Hoffman, co-founder of Bankless, brings his insights on Ethereum's evolving identity and market position. The hosts tackle passionate debates within the community, comparing Ethereum and Bitcoin. They also explore scaling challenges and governance dynamics, emphasizing the balance between innovation and decentralization. Hoffman's expertise highlights the criticality of managing miner extractable value and its impact on transaction costs. Emotional resilience in the crypto world is addressed, reminding listeners of the importance of sustainable growth amid volatility.
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Embracing Opposing Views
- David Hoffman embraces opposing views to understand and steelman them genuinely.
- He believes deeply engaging with other tribes is key to winning their support for Ethereum.
Ethereum's Market Phase Shift
- Ethereum is now valued more as a store of value and treasury asset in the current market phase.
- Prior phases emphasized on-chain utility and revenue, which didn't fully capture Ethereum's potential.
SEC's Impact on Ethereum
- SEC's regulatory pressure delayed institutional interest in ETH treasury investments.
- This contributed significantly to ETH's underperformance compared to BTC over recent years.