Vitalik: "Ethereum App Growth Hinges on Developers with the Right Philosophy"

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Summary

Vitalik Buterin emphasized that developers with the right values are key to the growth of Ethereum apps.
The direction and purpose of an app vary according to the developer's philosophy, which also impacts the development of Ethereum.
He expressed a positive view on investments by citing successful cases of decentralized applications like Farcaster and Polymarket.

Vitalik Buterin, co-founder of Ethereum (ETH), stated that the role of developers with the right values is crucial for the development of the app layer. The app layer refers to applications that operate based on Layer 1 (L1) or Layer 2 (L2).

On the 13th (local time), Vitalik said through Warpcast, "For the growth of the app layer, there needs to be more developers who have the right values and believe in decentralization."

He pointed out that the direction of an app is determined by the developer's values. Vitalik explained, "About 80% of (Ethereum) apps are created for specific purposes," adding, "The purpose of an app varies depending on the developer's perception of the direction Ethereum should contribute to the world."

He cited examples of good app development as decentralized social media Farcaster and decentralized prediction platform Polymarket. On the other hand, he selected Solana (SOL)-based meme coin issuance platform Pump.fun and the bankrupt virtual asset (cryptocurrency) exchange FTX as bad examples.

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