This AMA focused on Ethereum’s next chapter, discussing whether ETH can capture the value created by stablecoins, Layer 2s, tokenized assets, and AI-driven on-chain activity, while remaining competitive as a decentralized settlement layer.
Introduction
Bitroot
Bitroot is a high-performance Layer 1 blockchain built for the AI era. The project believes AI is becoming the decision-making layer of the digital economy, while blockchain provides the trust, security, and execution layer behind it.
As AI agents evolve from answering questions to making payments, managing assets, and executing transactions, Bitroot aims to provide infrastructure that is fast, scalable, and verifiable.
Gacha Galaxy
Gacha Galaxy joined the AMA as a returning speaker and shared that its public sale has already started and is progressing well despite challenging market conditions.
Matthew also mentioned that the project is moving toward its upcoming TGE and plans to release an updated version of the platform in July.
Mira Agent
Mira Agent is an AI market co-pilot for digital finance. The platform aims to help users avoid switching between multiple tabs for token data, on-chain activity, and market information.
Users can interact with Mira Agent like a ChatGPT-style AI assistant. It can generate structured, decision-ready reports on assets such as BTC or trending tokens, helping both traders and beginners make faster and more informed decisions.
Finrock
Finrock is building an ecosystem to bring real-world assets on-chain. The project focuses on tokenization, asset origination, trading liquidity, and AI-powered investment intelligence.
Arbaaz compared Finrock’s goal to making an intelligence layer similar to BlackRock’s Aladdin more accessible to everyday users, helping investors make more efficient and informed decisions across tokenized real-world assets.
Q1: Ethereum secures the largest on-chain economy, yet many investors still struggle to explain why they should own ETH. What is missing from Ethereum’s value proposition?
Bitroot
Bitroot said the biggest missing element is clarity. Ethereum has done an extraordinary job becoming the infrastructure layer of the on-chain economy, but the investment case for ETH as an asset has not been communicated with the same precision.
Juan explained that Bitcoin is easier for investors to understand because it has a simple narrative around fixed supply and store of value. ETH, however, is described in many different ways: productive capital, store of value, collateral, DeFi fuel, and more. This is not a technology weakness, but a messaging problem.
Finrock
Finrock said Ethereum’s story has changed, but the community has not fully updated the narrative. Ethereum has clearly won in terms of ecosystem depth, liquidity, stablecoins, developers, and institutional interest, but the value link to ETH itself has become harder to explain.
Arbaaz noted that Layer 2 activity and network growth do not always flow directly back to ETH holders in a clear way. If Ethereum becomes the settlement and security layer for high-value assets, the investment case still exists, but it is more complex than the old fee-burn narrative.
Mira Agent
Mira Agent said the key issue is how Ethereum’s ecosystem growth translates into token value. Everyone understands that Ethereum powers many parts of crypto, but it is less obvious how that growth benefits ETH directly.
Mark emphasized that the Ethereum network is highly valuable, but the token’s value proposition is not always visible at the surface level. The community needs a clearer way to explain ETH as the asset powering a major part of the on-chain economy.
Q2: Has Ethereum become too focused on scaling the ecosystem while weakening the investment case for ETH itself?
Bitroot
Bitroot said yes, to some extent. The move toward Layer 2s was technically necessary, but it also moved fee revenue away from the base layer.
Juan explained that when Layer 2s capture most of the activity and pay relatively little back to Ethereum Layer 1, the connection between Ethereum’s ecosystem growth and ETH’s value growth becomes harder to draw. This gap is real and should be discussed directly.
Finrock
Finrock said Ethereum’s scaling direction was not the wrong decision. If Ethereum had stayed slow and expensive, it could have lost even more ground to competing chains.
Arbaaz argued that Ethereum’s long-term bet is to become the secure settlement layer underneath broader activity. Whether that benefits ETH holders depends on how much the market eventually values Ethereum’s settlement role, especially as institutional interest in RWAs and stablecoins grows.
Q3: Stablecoins, Layer 2s, and tokenized assets are booming on Ethereum. Do they strengthen ETH or extract value from it?
Finrock
Finrock said they do both. In the short term, a lot of fees and activity have shifted to Layer 2s, which reduces direct revenue and burn on Ethereum’s base layer.
In the long term, however, stablecoins and tokenized assets choosing Ethereum can strengthen its position. Institutions may prefer Ethereum because of its credibility, security, and regulatory familiarity, making it a strong settlement layer for RWAs and stablecoin activity.
Bitroot
Bitroot also said the answer is both. Layer 2s and stablecoins clearly extract fee value in the short term because they use Ethereum’s security while keeping much of the economic upside for themselves.
However, Juan said that if Ethereum’s security, network effects, and credible neutrality remain important, then every dollar of economic activity settling on Ethereum supports the case that the base layer is indispensable. The key question is whether this long-term thesis can hold before short-term narrative weakness damages investor confidence.
Q4: If the global financial system moves on-chain, what makes Ethereum the strongest candidate to become its settlement layer?
Mira Agent
Mira Agent said Ethereum’s biggest advantage is trust and security. If institutions are moving millions or billions of dollars on-chain, security and reliability matter more than speed alone.
Mark added that Ethereum has been battle-tested for years and has one of the largest developer ecosystems in crypto. This gives Ethereum a reputation advantage that newer or faster chains may struggle to match.
Gacha Galaxy
Gacha Galaxy said Ethereum has historically had strong adoption, but the market has become more fragmented. Solana has captured retail users with cheap gas, XRP remains relevant for more sophisticated retail users, and institutional chains like Canton are gaining traction.
Matthew believes Ethereum is now caught in the middle. Its opportunity may come from new standards and AI-agent-related use cases, but on the institutional side, Ethereum is facing serious competition from chains built specifically for financial institutions.
Q5: Can Ethereum remain decentralized while competing with faster and cheaper blockchain ecosystems?
Gacha Galaxy
Gacha Galaxy said Ethereum is almost the opposite of Solana in terms of positioning. Solana is more centralized and offers very low gas fees, which has helped it gain strong retail adoption.
Matthew said Ethereum’s decentralization is still one of its main selling points, especially for its existing community. However, if Ethereum wants to compete seriously on the institutional side, it may need to adapt its standards and potentially accept some changes in how it positions decentralization versus performance.
Finrock
Finrock said Ethereum needs to accept that it follows a different model from most faster chains. Its modular approach allows the base layer to stay decentralized and secure while Layer 2s handle speed and cost improvements.
Arbaaz noted that this model is not perfect because some Layer 2s still have centralized points. However, Ethereum’s base consensus has held up well, and the recent focus on strengthening Layer 1 as a settlement hub shows that Ethereum understands the need to defend its core role.
Bitroot
Bitroot said the tradeoff is real. True decentralization has a performance cost, and many faster or cheaper chains make different compromises in validators, sequencers, or governance.
Juan said Ethereum has chosen to preserve decentralization and push scaling to Layer 2s. Whether that succeeds depends on whether users and institutions are willing to pay a premium for decentralization. He also noted that the ecosystem is large enough for multiple architectures, including high-performance chains focused on AI-native applications.
Gacha Galaxy
Gacha Galaxy added that Ethereum faces far more competition today than it did a few years ago. The number of Layer 1s and Layer 2s has grown significantly, and many competitors now offer better user experience at lower gas costs.
Matthew said this makes Ethereum’s environment much more competitive across both retail and institutional markets. Ethereum still has major strengths, but it can no longer rely only on its historical position.
Q6: With the launch of new Ethereum-focused initiatives, does Ethereum need more intentional leadership to define its next chapter?
Bitroot
Bitroot said Ethereum’s strength has always been its leaderless and credibly neutral character. However, that same quality has also made it slower to coordinate around a clear narrative and roadmap for ETH as an asset.
Juan explained that there is a difference between centralized control of the protocol and organized advocacy for the ecosystem’s direction. Ethereum does not necessarily need centralized control, but it does need clearer communication and stronger coordination around what its next chapter should look like.
Conclusion
This AMA highlighted that Ethereum remains one of the most important infrastructures in crypto, but its investment narrative has become harder to explain. The speakers agreed that Ethereum’s future depends on whether it can clearly connect ecosystem growth back to ETH value, defend its role as a decentralized settlement layer, and compete with faster chains while maintaining trust, security, and credible neutrality.
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