Vitalik Buterin acknowledged Ethereum’s significant scaling achievements in Chiang Mai, yet criticized the sluggish pace of development in its application layer, indicating a shift from its initial aspirations toward decentralized coordination.
He warned that the speculative nature of the current market, particularly with the impending memecoin surge in 2025 and Donald Trump’s multiple token launches, threatens to diminish the economic integrity of decentralized initiatives, including the original TRUMP token.
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