TLDR
- Bitwise CEO confirmed that Ethereum shouldn’t be making an attempt to compete with Bitcoin by way of market capitalization.
- Ethereum goals to interchange outdated Web2 platforms and conventional monetary techniques by means of scalable digital infrastructure.
- The community helps decentralized purposes and good contracts that allow open and permissionless innovation.
- MegaETH is a serious Ethereum improve that separates execution, consensus, and knowledge availability into distinct layers.
- Public testing of MegaETH confirmed Ethereum can course of as much as 130 million transactions per day with practically 1 GB/s throughput.
Ethereum shouldn’t be making an attempt to surpass Bitcoin in market cap however goals to interchange outdated Web2 and conventional monetary techniques. Bitwise CEO emphasised that Ethereum holds a special place within the digital asset ecosystem, serving a singular function in infrastructure. The main focus is now shifting towards utility, scalability, and long-term technological integration fairly than easy token worth comparisons.
Bitwise CEO Sees Ethereum Reshaping Infrastructure
Bitwise CEO clarified that Ethereum’s function is to not problem Bitcoin however to reshape digital infrastructure for broader purposes. Not like Bitcoin, which features primarily as a retailer of worth, Ethereum helps decentralized purposes and monetary companies. Subsequently, its structure caters to open-source innovation and dynamic upgrades.
Builders are leveraging Ethereum’s good contracts to construct techniques that take away reliance on conventional centralized companies and knowledge silos. This method allows clear operations, open participation, and permissionless improvement, which boosts scalability throughout sectors. The Bitwise CEO noted that Ethereum permits performance that legacy web techniques don’t help.
Ethereum is not competing with Bitcoin.
It is competing with net 2.0 and legacy monetary companies software program —
We will transfer away from the “CoinMarketCap” period over the following 6-12 mo; away from the view that each crypto asset is similar, simply diff mkt caps.
We will…
— Hunter Horsley (@HHorsley) July 13, 2025
This transformation is already seen inside the blockchain ecosystem, as Ethereum’s modular capabilities supply flexibility not attainable in Web2 fashions. Furthermore, Ethereum accommodates seamless innovation while not having disruptive network-wide adjustments. These parts reinforce the Bitwise CEO’s perspective that Ethereum is evolving past its standing as a cryptocurrency.
MegaETH and Ethereum’s Execution Improve
Bitwise’s CEO highlighted MegaETH as one among Ethereum’s most vital developments by way of enhancing execution and scalability. MegaETH separates knowledge availability, consensus, and execution into impartial layers, making a modular structure that enhances efficiency. Public testing confirmed Ethereum may course of 1.7 Ggas/s, which is round 130 million transactions every day.
The community additionally achieved knowledge throughput of practically 1 GB/s with out requiring costly {hardware} upgrades for full node operations. This ensures that Ethereum stays accessible, preserving its decentralized construction whereas growing processing capabilities. Bitwise’s CEO indicated that this mannequin reveals that Ethereum’s design at all times aimed past Web2 benchmarks.
Ethereum’s effectivity good points include diminished prices and elevated accessibility for each builders and customers. Its permissionless nature permits for world participation and innovation with out centralized approval. The Bitwise CEO emphasised that Ethereum is laying the groundwork for a scalable and versatile monetary future.
These upgrades align with Vitalik Buterin’s broader plans to boost Ethereum’s capability and keep its decentralization. With options like MegaETH, Ethereum demonstrates its potential to function as a foundational digital infrastructure. Bitwise CEO said that the main target ought to now shift towards sensible utility fairly than market rankings.
Blockchain Utility Replaces Token Comparisons
Bitwise CEO urged the trade to desert the CoinMarketCap view that equates crypto tasks to market-priced tokens solely. As an alternative, the ecosystem ought to consider blockchain networks by their performance and skill to ship real-world options. This alteration displays a brand new narrative targeted on platform utility and systemic integration.
Ethereum is turning into the bottom layer for decentralized finance and app improvement, with unmatched flexibility in comparison with Web2 platforms. Bitwise CEO identified that identical to cellular apps, blockchains can serve completely different functions on a shared infrastructure. Ethereum’s multi-functional design makes it well-suited for long-term innovation.
Bitwise CEO defined that Ethereum’s openness and composability are central to its increasing function in digital infrastructure. Builders proceed to construct on its platform to ship accessible, safe, and permissionless companies.
