Summary
- Justin Sun, founder of TRON, pointed out the excessive leverage problem in the Ethereum ecosystem.
- He stated that if excessive leverage is left unchecked, it will cause significant losses to the Ethereum protocol and decentralized finance projects.
- He reported that Ethereum is trading at $1,918 on Binance's USDT market, down 8.94% compared to the previous day.
The founder of TRON (TRX) has pointed out the leverage problem in the Ethereum (ETH) ecosystem.
On the 10th (local time), Justin Sun, founder of TRON, said through X, "The Ethereum ecosystem needs to address the excessive leverage problem," adding that "if left unchecked, the Ethereum protocol and decentralized finance (DeFi) projects will suffer significant losses." He further added, "Solutions should be sought through prompt discussions within the ecosystem."
As of 6:53 PM, Ethereum is trading at $1,918 on Binance's USDT market, down 8.94% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
