Catenaa, Monday, February 03, 2025 – Crypto venture capital firm Paradigm has called on Ethereum developers to accelerate protocol upgrades to meet evolving market demands while adhering to the network’s core principles of decentralization, openness, and neutrality.
In a January 25 blog post, Paradigm noted Ethereum’s current pace of implementing one major protocol update annually could be significantly increased, citing the network’s substantial resources and expertise.
The firm emphasized the need to streamline upgrades without compromising Ethereum’s foundational values, urging advancements like native rollups for layer 2 security and improved wallet infrastructure.
Paradigm also suggested removing the need for users to remember private keys to enhance security and accessibility and called for scaling without altering the block gas limit.
The firm highlighted these improvements as pivotal for Ethereum to fulfill its roadmap and maintain its position as a leader in blockchain innovation.
On the same day, executives from Ethereum’s layer 2 projects announced their commitment to prioritizing such enhancements, aligning with Paradigm’s recommendations.
Meanwhile, the Ethereum Foundation revealed plans to allocate 50,000 Ether worth $160 million to support the decentralized finance (DeFi) ecosystem.
Ethereum co-founder Vitalik Buterin also unveiled leadership changes to prioritize technical expertise and improve collaboration with developers.
The foundation’s move follows a challenging year marked by criticism over its spending and governance, leading to a conflict-of-interest policy in May 2024 after high-profile advisory controversies.
Ethereum currently supports 55 layer-2 rollups, though their rapid growth has raised concerns about their impact on base-layer revenue.
