The elephant in the room is Ethereum is slipping away from capturing upside of DeFi? Think of it this way:
- Blockspace wasn’t as valuable as we previously thought. By now majority of cryptocurrency activities are in Hyperliquid Perps. Based on their node docs they could be dumping ~100 GB/day (actual number is going to be lower) which could be $150k-$1m in just blob paid. Note that this is ~10x the network capacity. Even Lighter which is L2 built for perps is still trailed behind Hyperliquid. (Note: I have Google Search’s Gemini done the math on this)
- Restaking blows. It’s nearly 3 years from Eigenlayer released their token now and yet we still only see few AVS active and making money back to restakers. They pivoted into AI stuff now. Many ecosystem just pivoted away from restaking and their competitor, Symbiotic is focusing on RWA instead.
- Are people treating plain ETH as… bad? It shouldn’t just be one token before you deposit to Lido or lend to Aave. I don’t know how to frame this but it should be currency for everything on ETH and L2.
As for solo stakers stuff, if they think it’s not enough they should go up the risk curve A) Use Lido CSM/Rocketpool. B) Stake on Stakewise to tokenize and lever up C) Sell call on Derive. And for future proposal maybe we should put more revenue stream/duties on validators so they can make money.