
Jiawei|Apr 01, 2025 04:09
ETH price isn't just a number
1/ EF Runway 💰
EF holds ~970M in assets (Oct 2024), with 788.7M in crypto (99.45% ETH).
At a 130M burn rate, EF has ~7.5 years of runway if ETH stays stable.
A drop in ETH? Runway shrinks.
Critics argue 130M burn rate is excessive. Aave’s @StaniKulechov suggested cutting it to 30M & reducing staff from 200 → 80.
2/ Protocol Security 🔐
ETH price impacts PoS security. Lower price = lower staking rewards = potential validator exits = weaker security.
Lido’s TVL dropped from 40B → 20B in a year.
SOL staking yields 2x ETH’s while price performs better, making Solana more attractive for stakers.
3/ Ecosystem Confidence 🌎
ETH price is a vote of confidence.
A weak market + growing doubts = negative feedback loop.
OG devs like @econoar warn EF is drifting from the community, resisting competition, while Solana surges forward.
Will EF adapt, or is Ethereum losing its edge?
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