Ethereum Faces an Existential Crossroads
Ethereum faces a leadership crisis as Executive Director Aya Miyaguchi comes under fire for her “infinite garden” approach, sparking calls for her resignation and even death threats.
Amid the backlash, co-founder Vitalik Buterin announced he has taken control of the Ethereum Foundation and is restructuring its leadership. This turmoil coincides with Ethereum’s struggles against Solana, which has gained market momentum, boasting a $126 billion market cap compared to Ethereum’s $394 billion.
The lack of protocol improvements since Ethereum’s shift to proof-of-stake and poor price performance have further fueled discontent, with former researcher Danny Ryan emerging as a potential successor to Miyaguchi.
Clever Robot News Desk 24th January 2025
