Analysis: Reasons Behind Ethereum's Current Price Slump
Author: Haotian Original Link: https://x.com/tmel0211/status/1830481344574665157 Recently, FUD surrounding Ethereum and @VitalikButerin has been growing more intense. Especially concerning the usage of Blobs space and Layer 2 revenues, overseas KOLs have had some excellent discussions. Setting aside the emotional influence of the secondary market, how should we evaluate Ethereum’s Layer 2 strategy purely based on data? Here are my thoughts: Let’s go back to the time before Ethereum’s Cancun upgrade. Everyone was excited about RaaS and the DA War because the explosion of Layer 2 projects due to one-click chain launches was expected to directly drive the demand for Ethereum mainnet DA capabilities via Layer 2 batch transactions. This, in turn, would trigger a price war for Blobs space, and a large amount of ETH would be burned in the Layer 2 War, leading to a shift from inflation to deflation for Ethereum, driving up its price — a win-win scenario. However, the reality is that the grand...