Binance has published a report looking back on 2024.

Binance has published a report looking back on 2024.

1 Ethereum's rollup-focused roadmap: achievements and counterproductive effects
Ethereum's rollup-focused roadmap was successful, but it led to a drop in transaction fee revenue, reaching its lowest level in several years. This is considered an unintended counterproductive effect.

2 Liquidity dispersion due to excessive L2
There are too many layer 2 (L2) networks, which are causing liquidity to be dispersed. For example, USDT is used on various networks such as ARB (Arbitrum) and zkSync, but few users can clearly explain the differences between them.

3 Denkun upgrade has worsened network economics
Since the Denkun upgrade, the daily issuance volume of Ethereum has consistently exceeded the amount of burning, negatively impacting network economics.

4 Major gas consumers leaving
Uniswap, one of the major gas consumers of Ethereum, has announced plans to move to its own blockchain, Unichain. This is expected to have a negative impact on the gas demand of Ethereum.

5 A balanced strategy for the future is needed
Ethereum is at a point where it needs to set a balanced and clear strategy that can secure both L2 scalability and L1 competitiveness.

(Original text: Link to report)