WHERE DID ETH GO WRONG?

Summary from the TLDR Crypto newsletter

This critique of Ethereum highlights several key issues: an overemphasis on sound money principles rather than scaling, which led to slow and expensive transactions, and a lack of support for DeFi. The proliferation of L2s has fragmented liquidity, undermining Ethereum's auction-based fee model and its sound money thesis, while ongoing selling pressure from the Ethereum Foundation and competition from user-friendly alternatives like Solana exacerbate the challenges.