#美联储降息 How much longer can Ethereum last? Industry influencers issue a stern warning

Recently, I saw Nansen CEO Alex Svanevik share some comments in the community, directly hitting the core issue: "I also hold $ETH, but I really can't stand this blind complacency." Here's what he said—whenever someone points out that Ethereum's growth is slowing down and on-chain activity is declining, there's immediately someone dismissing it with "the data is fake" or "our TVL is still the highest" to push back. But the problem is, other public chains are rapidly catching up in terms of TPS, Gas fees, and application innovation.

The data is clear:

· Emerging public chains have already surpassed Ethereum mainnet in daily transaction volume multiple times
· Developer ecosystems are beginning to migrate to L2 or other chains
· User growth has basically stagnated, while new players are still growing at double-digit rates

Svanevik's more direct warning is: "Without a sense of crisis, by 2030 Ethereum might truly become marginalized." However, another group has a different view—they say Ethereum is like "the Apple of blockchain," with a deep brand moat. As long as it continues to iterate and upgrade (market expects major updates next year), its long-term fundamentals won't be easily shaken.

Honestly, the core issue behind this debate is whether Ethereum's leading position is truly solid and resilient, or if it can only rely on its historical accumulation.

What do you think? See you in the comments.