Nansen CEO Svanevik warns ETH: Get more paranoid or be irrelevant by 2030

Ethereum saw $14.52 million in fees, while Tron and Solana raked in over $28.67 million and $18.13 million in the last 30 days.

Svaneviks warning appears to be an appeal for the Ethereum community to confront these competitive pressures candidly and build a culture that takes external threats seriously rather than dismissing them.

Svanevik stated that Ethereums path forward requires more than technical improvements. The CEO of Nansen has been vocal about how revenue is a major indicator of growth, pointing out that it is harder to fake compared to user counts and TVL.

He said, “If I had to pick one metric to define a winning blockchain, it‘s revenue. That’s what people are actually paying to use your chain.”

Some members of the crypto community agreed with Svaneviks recent comments, with some drawing lessons from Kodak and BlackBerry, commending Svanevik for bringing the matter up.

However, others disagreed, as they believe the Ethereum Foundation has been working actively to better the ecosystem, especially with the upgrades it has carried out this year.

Curious to know where you think the ‘complacency’ is when it comes to things that are actually being done？

If you‘re referring to a few random CT accounts that don’t really do anything other than post on X, then I‘m not sure what you’re claiming here is at all relevant in reality.

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