Ethereum away is clear. US President Donald Trump is not part of this story, but developer and investors. According to Bitwise CEO Hunter Horsley, Ethereum does not try to outperform Bitcoin alone for money.
It wants to update old web2 and financial systems that still locked up people. Horsley made this point in a recently specified contribution in which he said that the network would serve as a basic layer for new apps and fintech tools.
Ethereum as an operating system
Based on reports, Horsley Ethereum compared to the operating system of a phone. He said every app on a phone has its own job, but they all run on the same nuclear technology.
The same applies to Ethereum. Smart contracts are on the protocol. You can create any Defi services, data transactions, digital IDs or token markets.
This setup gives developers freedom. It also shifts the focus from measuring token only through the price to the assessment of use.
Ethereum does not compete with Bitcoin.
It competes with Web 2.0 and Legacy Financial Services Software –
We will move away from the time “CoinmarketCap” in the next 6 to 12 months. Away from the view that every crypto -asset is the same, only differentiated MKT caps.
We go to …
– Hunter Horsley (@Hhorsley) July 13, 2025
Permissionless participation drives innovation
Horsley pointed out that everyone can connect or improve the Ethereum network. It is not necessary to get permission first. This open door leads to fast upgrades without hard forks that exclude people.
Developers say that this makes old web2 websites that often block changes. The code is public, so people worldwide can copy or optimize it. This makes the network creative and more accessible.
Modular upgrades increase throughput
Ethereum’s next big step is a modular design. Based on data, the Megaeth test showed that it can process 1.7 GGAS/S. This corresponds to approximately 130 million transactions per day.
The data throughput increases 980 MB/s. These profits result from gaps: consensus, execution and data availability each receive their own track. Knots stay cheap to run so that more people can organize them. You do not need expensive equipment to keep the network strong.
The community sees a new chapter
Some users welcome these steps. You say Ethereum should never copy web2. It should go beyond that. Due to the breakdown of the old silos, it can offer services that banks and big tech cannot.
However, critics argue that Ethereum’s rise has slowed Bitcoin’s own technical growth. This debate continues in forums and chats.
Price profits and market mood
According to Coingecko, ETH reached around 3,044 US dollars, a jump of 3.18% in one day. At the time of writing, it was traded with 3,065 US dollars and marked an increase of almost 20%for over seven days.
Market observers say that these profits reflect more than price pumps. You see hope in the upgrades and new projects of the network.
Selected picture of Unsplash, Diagram from Tradingview
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