Vitalik Buterin, co-founder of Ethereum, emphasizes the need for scaling plans and applications to support the network's native asset, Ether (ETH). In a recent blog post, Buterin advocated for a multi-strategy approach to enhance ETH's value as both a collateral and a key component of the Ethereum economy. He suggested that layer 2 networks should be incentivized to allocate part of their fees to ETH through methods such as fee burning or permanent staking. This call comes amid criticisms toward the Ethereum Foundation as the ETH market cap loses ground to competitors, with the ETH/BTC ratio falling to 2021 levels. Buterin also mentioned the potential of increasing the blob count—additional transaction data that could generate revenue for Ethereum and burn ETH if demand rises. Since November, there has been significant activity in blobs, primarily driven by two Layer 2 solutions. His remarks highlight a pivotal moment for Ethereum, aiming to solidify ETH's role in the evolving ecosystem and navigate the challenges posed by surging competitors.

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