Ethereum’s Last Dance: Can It Waltz Back to Glory or Trip Over Itself?

David Hoffman of Bankless, that keen observer of blockchain theatrics, declares Ethereum’s woes not—the darling of tech wizardry—but rather structural and cultural, like a nobleman who’s forgotten how to host a proper soirée. Years spent worshipping long-term research and Layer-2 enchantments have left the main stage, Layer-1, as empty as a poet’s promises. The rollups, those charming distractions, may soothe congestion but also scatter the party guests about, fracturing the ecosystem and rendering mainnet activity as lively as a wax museum.