Summary
- Ju Ki-young, CEO of CryptoQuant, pointed out that Ethereum has lost its core narrative.
- He criticized that Ethereum is no longer Ultra Sound Money or a builder-centric blockchain.
- Ju emphasized that only a market-centric narrative can unify the crypto community.
There are claims that Ethereum (ETH) has lost its core narrative.
On the 22nd (local time), Ju Ki-young, CEO of CryptoQuant, stated on X, "Ethereum has lost its core narrative," adding, "It is no longer Ultra Sound Money, a hub for killer dApps, or a builder-centric blockchain."
Ultra Sound Money is a nickname given to Ethereum by the Ethereum community after the introduction of the ETH automatic burning mechanism. It implies that scarcity increases over time, leading to a rise in value.
He added, "Only market-centric narratives unify the crypto community," and "Vitalik Buterin, the founder of Ethereum, is overlooking this point."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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