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Kain
@kaiynne
Wrote a thing about ETH, I heard lots of ETH maxis migrated to Farcaster, so thought you might be interested... https://x.com/kaiynne/status/1906908798826221584
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cfb
@christophe
X long form article would be a better format imo. Raoul Pal summed it best : ETH price feels like a dog with fleas.
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Rob Sanchez
@robrecht
what do you think about L2s going down with the ship if ETH doesn't win? or is it that easy for L2s to seperate themselves/become their own chain that they don't care about ETH to begin with?
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kia
@kia
the original sin was to lean into the narrative that the ETH valuation model is what burn in the block pure midcurvery the biggest demand for ETH is what gets locked up in AMMs as the quote currency ETH stopped going up because ecosystem (new asset launches) stopped SOL went up because coins launch there and SOL gets locked up against it
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Daniel Fernandes
@dfern.eth
several of the comments on that thread pointed out that XRP also dominated this time period. usually it's sour grapes to say 'the market is wrong', but in this case, yes, a market that moons XRP over SOL is wrong. We are still in the 3Arrows/FTX bear market, and we haven't started a new cycle yet, only false springs.
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matthewb
@matthewb
very good thread, thank you for sharing over here on purple app
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axek
@axek
Why you make farcaster maxis go to twitter instead of posting the thread here?
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JR ↑
@juli
The fundamental Q for me is whether allocating to stakers, to l2s, to sth else or nothing pays off more for $eth holders. Overall think there needs to be a slight shift towards more action on mainnet, more $eth usage, utility & value accrual in the overall ecosystem - whether that‘s driven by user-investor behavior, crypto incentives or peer pressure is secondary. Totally agree that Ethereum as an eco went from scaling too slow to scaling too fast. Gladly seeing the free market take care of this by not showing demand for the 100th copypasta l2 but aggregation around a couple of activity Hubs - where $eth should play a bigger role directly &or with a better l1, native l2, interop solution. Rather small tweaks than a big redesign is needed and you know that all the native flows onchain aren‘t determining price yet - it‘s still a trader‘s market and the general sentiment and Investor decisions are Most important; i.e. $ETH, ETH DeFi, ETH memes, ETH xyz must offer better opportunity than anything else.
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Sophat
@sophat
That's why I all in Ethereum
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aniruddha.eth
@aniruddhafb
yeah you heard it right
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Jack
@jackten
Why don't you actually post the thread here? There's a reason we left twitter
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endeavour.base.eth
@endeavour
Do you think current price action for eth is entirely caused by fundamental issues? Not considering price manipulation?
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WALID ADEL
@pailo
ETH IS ETH ITS ALL THING
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Robotandkid
@robotandkid
they're rebranding. they fired the japanese teacher who was in charge. so it depends if they start marketing properly like other chains
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NOBULL
@nobullbro.eth
Nice move
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Joshua Salles
@omghax.eth
🥲
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Catch0x22 (2025 variant)
@catch0x22.eth
good thread. very transparent when things have become heavily gated
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