Alex Svanevik, chief executive officer of blockchain analytics firm Nansen, published a post on X warning that Ethereum could lose relevance before 2030 if its surrounding culture fails to confront competitive pressure more directly. Svanevik criticized what he described as a defensive mindset that dismisses unfavorable performance metrics and relies heavily on indicators such as total value locked.
The warning comes as rival networks and Layer-2 solutions continue to gain traction. Recent on-chain data shows Ethereum generated $14.52 million in fees over the past 30 days, trailing Tron with $28.67 million and Solana with $18.13 million. Svanevik argued that revenue offers a clearer picture of real usage than user counts or TVL figures.
He stated that ignoring comparative data weakens Ethereum’s ability to respond to external threats. The comments triggered mixed reactions across the sector. Some market participants supported the call for greater accountability, while others pointed to ongoing internal reforms and technical upgrades carried out by the Ethereum Foundation during 2025.
Svanevik said a more critical internal culture remains essential for maintaining competitiveness as blockchain platforms continue to scale.
Source: Alex Svanevik posts on X / On-chain data
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