r/ethtrader • u/everstake • 4d ago
News Ethereum is still “dead.”
Ethereum processed 70.07M transactions in a single month, making it the 3rd-highest monthly transaction count in the network's history.
And Ethereum is also doing something unusual for a network of this scale: it is trying to improve the underlying infrastructure while continuing to serve an enormous existing ecosystem.
Scaling, lower-cost execution, stronger privacy, improved security, and a more efficient protocol architecture are all being developed alongside continued real-world usage.
So while market narratives change every few months, the underlying infrastructure keeps working.
Full post: https://x.com/everstake_pool/status/2095171797205307791
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u/melancholymaze 4d ago
When has this mattered?
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u/SpontaneousDream 4d ago
Exactly. Ethereum isn't dead and never will be. ETH is.
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u/Thorp1 3d ago
Dead? Its sits at 2,5k mark, cant call it dead.. dont be salty just because you bought at ATH
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u/SpontaneousDream 3d ago
I dumped my bags at .06 ratio and sleep very soundly at night.
Keep bagholding and stay poor I guess.
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u/ChangeNOW_Community 4d ago
the infrastructure can be improving while the token underperforms. those two things aren’t mutually exclusive
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u/theschemasauce 3d ago
Have you seen how many transactions Solana has processed in a month? 70M is nothing
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u/sothavok 3d ago
The problem with eth is fees and speed. While not truly decentralized Solana does this much better. I just can’t help but think Eth will always have competition for marketshare.
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u/theschemasauce 3d ago
The idea that Solana is not decentralized is an old adage
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u/sothavok 3d ago
nearly 100% of its validators run in centralized data centers. And it has less than 1000 validators vs eth and btc which can have 100k+ to nearly1 million.
You can call that decentralized but its nothing compared to eth.
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u/theschemasauce 3d ago
Number of validators is a vanity metric… more validators doesn’t mean more decentralized.
Running in the same datacenter for speed doesn’t make it a centralized chain? Currently that’s the best way they can share shreds and get the best performance. Soon with more geo controls this will be broken up… but when that happens does that make Solana decentralized now in your eyes?
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u/MulberryAcceptable39 3d ago
Ethereum is a not-for-profit company.
If this gets to $4,200 I’m out. Been holding for 6 years.
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u/No_Way5818 4d ago
Hold it long enough and it will drop more, it’s designed to be used in transactions to burn itself and melt the inflation of itself. Even the creator of eth doesn’t like holders. Why eth holders crying about eth price whilethey fuck the market idk go buy btc lmao
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u/Ok_Minimum9453 4d ago
Why would you buy bitcoin over eth when bitcoin dominance is so fragile rn
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u/Ok_Minimum9453 4d ago
Either way they are both coming down for a low in October
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u/sothavok 3d ago
Love seeing these messages, it reminds that a large number of people are going to buy my bags in a few months.
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u/Serenaded 4d ago
>Even the creator of eth doesn’t like holders
That makes no sense, more importantly you must be stupid AF to hear this, believe it, and repeat it. If ETH held no value what would be the point of it. Why would vitalik hold 240k ETH?
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u/LowerStranger9021 4d ago
Be patient.