“The Ethereum ship is slowly turning around,” claimed David Hoffman from Bankless on April 19.
He added that the process started over six months ago and changes are already observable, highlighting six areas of change Ethereum is undergoing.
The project went through a rough patch earlier this year with leadership issues at the Ethereum Foundation, developers jumping ship, and record levels of FUD being disseminated.
However, despite that, it is still the industry standard network for DeFi, stablecoins, real-world asset tokenization, and decentralized applications.
Evolution of Ethereum
After primarily being research-focused for years, Ethereum is now recognizing the need to adapt in response to competitive pressures that emerged around 2021, argues Hoffman.
He added that the Ethereum community is actively addressing these issues through aggressive layer-1 scaling, with plans to increase gas limits tenfold over two years.
There has also been a shift from protocol-first to product-fi
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