Ethereum is in deep trouble

UNI moving off-chain is only the final nail in the coffin, all apps are moving to competing L1s & L2s instead

Collapsing ETH revenue, UNI was ETH's biggest fee-paying customer!

Now ETH is being left behind, irrelevant & broken; Ethereum is cooked 🧵

What did we expect would happen after pushing all usage to competing chains ("L2 scaling")

A cucked course of action from the perspective of ETH

Betraying ETH's cypherpunk dream for the sake of L2 VC funding, as the ultrasound money meme has now been thoroughly defeated by "L2 scaling"

It is as clear as day from the moment Dank Sharding was implemented, as you can see in the chart below: