{"id":17605,"date":"2025-03-13T14:02:55","date_gmt":"2025-03-13T14:02:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17605"},"modified":"2025-03-13T14:02:55","modified_gmt":"2025-03-13T14:02:55","slug":"justin-sun-asked-what-happened-to-ethereum-heres-the-answer","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17605","title":{"rendered":"Justin Sun Asked \u2018What Happened to Ethereum?\u2019: Here\u2019s The Answer"},"content":{"rendered":"<div>\n<div>Crypto leader Justin Sun, P<a class=\"general-link\" href=\"https:\/\/u.today\/tron-founder-justin-sun-issues-crucial-ethereum-warning-details\" target=\"_blank\" rel=\"noopener nofollow\">resident of Liberland and Founder of Tron<\/a> recently tweeted, \u201cWhat exactly happened to Ethereum?\u201d His question has sparked discussion in the crypto community. Yet, key responses explain the challenges Ethereum is currently facing.<\/div>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67d2e326367a2\" data-coin-id=\"eth-ethereum\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_67d2e326367a2-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67d2e326367a2-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67d2e326367a2-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67d2e326367a2-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67d2e326367a2-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_67d2e326367a2-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67d2e326367a2-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67d2e326367a2-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67d2e326367a2-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67d2e326367a2-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_67d2e326367a2-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_67d2e326367a2-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p>Before Ethereum\u2019s recent upgrade, Layer 2 (L2) networks were major buyers of ETH. They used it for transactions and token burns, which reduced Ethereum\u2019s overall supply and strengthened the network. This system supported projects like Celestia and Avail, helping Ethereum maintain deflationary appeal. But now things have changed.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">What exactly happened to Ethereum?<\/p>\n<p>\u2014 H.E. Justin Sun <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f34c.png\" alt=\"\ud83c\udf4c\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1899882240332751125?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Justin Sun Ethereum Criticism: A Major Upgrade Shifted the Market For Ethereum<\/h2>\n<div>\n<p>After the upgrade, things changed. Now, L2s are selling more ETH than they buy. This means Ethereum\u2019s supply is increasing instead of shrinking, making it less attractive as a deflationary asset. Investors are concerned because this shift weakens the network\u2019s stability.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s been death every since the blob upgrade. Before the blob upgrade, the L2\u2019s were huge buyers of eth through token burn. Plus it supported coins like celestia and avail. Since the blob upgrade, the l2\u2019s net sell eth. The eth supply is going up. It was going down before.<\/p>\n<p>\u2014 Solanasaurusrex.sol (@Christo86383094) <a href=\"https:\/\/twitter.com\/Christo86383094\/status\/1899892248093090301?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div>ETH has already transitioned to a proof-of-stake (PoS) system, but it still struggles with high transaction fees and slow scalability. PoS was meant to make Ethereum more efficient but hasn\u2019t solved these key issues. Meanwhile, newer L2s like Starknet offer cheaper and faster transactions, making Ethereum look less competitive.<\/div>\n<div><\/div>\n<div>Another major concern is decentralization. Under its old proof-of-work (PoW) system, Ethereum had a more decentralized and secure foundation. But since moving to PoS, it has lost some of that independence. It\u2019s stuck between its old PoW legacy and its new PoS structure\u2014without fully committing to either.<\/div>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">No clear vision.<\/p>\n<p>Either PoW for sovereignty and decentralization OR PoS with very low fees and scalability.<\/p>\n<p>But right now they have a foot in both camps which makes the protocol too costly compared to other L2s like Starknet and not very decentralized like it was with PoW.<\/p>\n<p>\u2014 Tom Megati (@TomMegati) <a href=\"https:\/\/twitter.com\/TomMegati\/status\/1899929917854544096?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div>Ethereum\u2019s attempt to balance both worlds isn\u2019t working. It\u2019s more expensive than competing L2s but less decentralized than it used to be. This uncertainty confuses users and weakens Ethereum\u2019s position in the market.<\/div>\n<div><\/div>\n<div>Justin Sun\u2019s tweet highlights real concerns. The recent upgrade, rising ETH supply, and lack of a clear strategy have all created challenges. With high fees and poor scalability still major issues, Ethereum must make a choice:<\/div>\n<ul>\n<li>Should it focus on being highly decentralized and sovereign?<\/li>\n<li>Or should it prioritize lower fees and better scalability?<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"in\" dir=\"ltr\">Vitalik <a href=\"https:\/\/t.co\/wDvXoRKfeI\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/wDvXoRKfeI<\/a><\/p>\n<p>\u2014 Robin Nakamoto (@RobinNakamoto) <a href=\"https:\/\/twitter.com\/RobinNakamoto\/status\/1899957862258167930?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div>Until Ethereum makes a clear decision, its struggles will likely continue.<\/div>\n<div><\/div>\n<div><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/russias-elite-have-bitcoin-in-cross-hairs-is-putin-bitcoins-new-best-friend\/\" target=\"_blank\" rel=\"noopener\">Russia\u2019s Elite Have Bitcoin In Cross-Hairs: Is Putin Bitcoin\u2019s New Best Friend?<\/a><\/strong><\/div>\n<div><\/div>\n<div>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ethereum\u2019s Upgrade Changed the Market \u2013 L2s are now selling more ETH than they buy, increasing supply and weakening its deflationary appeal.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Scalability and Fees Remain an Issue \u2013 Despite PoS, Ethereum still struggles with high costs and slow transactions, while L2s like Starknet offer better alternatives.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Decentralization Is Weaker \u2013 Moving from PoW to PoS reduced Ethereum\u2019s independence, leaving it without a clear direction.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Ethereum Needs a Clear Strategy \u2013 It must choose between decentralization and scalability to remain competitive.    <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/justin-sun-asked-what-happened-to-ethereum-heres-the-answer\/\">Justin Sun Asked \u2018What Happened to Ethereum?\u2019: Here\u2019s The Answer<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto leader Justin Sun, President of Liberland and Founder of Tron recently tweeted, \u201cWhat exactly happened to Ethereum?\u201d His question has sparked discussion in the crypto community. Yet, key responses explain the challenges Ethereum is currently facing. &#8211; Price Market Cap &#8211; &#8211; &#8211; 24h 7d 30d 1y All Time Log Before Ethereum\u2019s recent upgrade, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17605","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17605"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17605\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}