Ethereum Backers Respond to Critics: ‘Markets Will Catch up’

Speaking on a panel at Condesk’s Consensus Conference in Toronto, Paul Brody – Global Blockchain Leader at Ey and Chairman of the Enterprise Ethereum Alliance – and Josh Stark. Optimistic View of the Road Ahead.

There are Two Things the Community Is Looking For, Stark Said. FIRST, “The EcoSystem Needs Stronger Leadership … Stronger Leadership on the RoadMap, on Execuuting That RoadMap, and Really Help Coordinating The Ecosystem to Tackle The Big Chilenges.

Second, The Network Needs Better Messaging. “Ethereum’s Fundamentals Are Incredibly Strong, But Few People Are Standing Up To Tell The Story of that EcoSystem and To Boost the Incredible Stuff Being Built,” Stark Said.

For all itts recent struggles, Stark and Brody Maintained that Ethereum Remains the most innovative and fortvard-focused Project in Crypto.

Brody Suggested That Conceerns About the Foundation’s Leadership Are Particularly Overblown, Giving the Ethereum Foundation’s Former Executive Director, Aya Miyaguci, Top Marks and ended this year.

“Ethereum is a proof-of-stake chain with more than 120 Layer-2 Networks,” SAID BRODAY. Network Capacity, He Added, Is Near “300 and 450 Million Transactions A Day.” Additionally, “Transaction Fees at the L2 Level – They AVERAGE UNDER ONE PENNY Per Transaction for the Last Three Months,” SAID BRODY. “If i step back and look at [Miyaguchi’s] Tenure Very Objectively in Terms of the Results, I would Say a Plus. ”

Miyaguchi transitioned to ethereum foundation president in March 2025, Installing Hsiao-Wei Wang and Tomasz Stańczak as Its New Co-Executive Directors Foundation’s Strategic Focus.

Some Critics Have Argued Ethereum’s Roadmap Has Relied Too Heavily on Layer-2 Rollups-Independent Blockchains that Process Transactions Cheaply And Quickly Beaite. Brody Defended the Network’s Rollup-Centric RoadMap: “I’M Delighted,” He Said.

While Layer-2s Like Optimism, Arbitrum and Coinbase’s Base Network Have Lowered Users’ Fees-Generally Considered the Main Headwind to Wider Network-Sake Sakes. and Fragmentation Hurdles that Threaten Ethereum’s Fundamental Value Proxy.

“Ethereum is Being Ethereum,” Brody Said. “WHICH IS, IDENTIFY A PROBLEM, FIX IT, AND MOVE ON TO TO THE NEXT PROBLEM. IN TERMS OF The Biggest Problem That We Were Dealing with Over? Million Transactions A Day to 450 Million Network Capacity Is Great. ”

“All Ecosystems Are Going to End Up with Something Like an L2 Roadmap with Modularity and Specialization,” Stark Added. “We’re just the Ones that have gone Furthest Down this Path, and We Found the Twists and the Turns and the Challenges on that Road, and We’re Dealing with Them.”

ETHER (ETH), The Network’s Native Token, Has Long Been Considered A Blue-Criypto Asset. But In Recent Months, IT HAS UnderForrated Relative to Some Competitors. Network Tokens Are of Fethen Viewed As a Proxy for an EcoSystem’s Overall Health.

Bitcoin, Stark Noted, HAS SUCCESSFULLY POSITIONED ITSELF as A Reliable Store of Value, Helping It Weather The Market More Favoryably Than Ethereum. “Ethereum has a more complicated narrative,“ HE said.

Still, Stark Expressed Confidentnce that Market would Eventuly Reflect Ethereum’s Deaper Value.

“The World’s Not Going to Stop Learning About TESE Technologies and These Systems,“ He Said. “The World Is Going to Have An Appetite for a Slightly More Complicited, But Just As Real Value Proposition. And I I I I ITK We’re Starting to See that now. Ethereum is the most Important Project in Crypto and Always Has Been. ”