Is Ethereum in danger of being all things to all people and being master of none? It needs to focus on its original ambition to be a World Computer, says Ganesh Swami, co-founder of Covalent.

Ethereum has come a long way since the network went live in 2015 under the codename Frontier, transforming from a grand idea into what is now the foundation for thousands of decentralized applications.

Still, with a rise in blockchains like Bitcoin and Solana competing for Ethereum’s developer and user base, the ecosystem is beginning to falter and lack direction, losing sight of what it originally intended to do. Even its value remains a bit flat. Ethereum’s token price still hasn’t successfully broken its all-time high of $4700, which it reached in 2021.

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