Ethereum has been left behind in this bull market. As rivals like Solana gain ground in metrics such as speed, cost, and developer mindshare, questions are being raised about whether Ethereum’s reliance on Layer 2 solutions is the right path forward—or if it needs a more fundamental redesign.In this episode, Martin Köppelmann, co-founder of Gnosis, and Justin Drake, researcher at the Ethereum Foundation, discuss the trade-offs of native and based rollups, execution capacity, and Ethereum’s ability to maintain its dominance. They debate how Ethereum should address fragmentation across rollups, whether ETH has strayed from its ultrasound money narrative, and whether its deliberate pace of innovation could make it vulnerable in an increasingly competitive landscape.Whose ideas will lead Ethereum out of this dark forest? Show highlights:Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!PolkadotRobinhood & ArbitrumiYieldGuests:Martin Köppelmann, Co-founder and CEO of GnosisPrevious appearances on Unchained:Are Layer 2s Failing Ethereum? A New Proposal Advocates for Native L2sGiven the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?Justin Drake, Researcher at the Ethereum FoundationPrevious appearances on Unchained:Why MEV Will Always Be ControversialDid the Merge Make Ethereum ‘the Most Secure Blockchain in the World’?Can Bitcoin Be Secured Only by Transaction Fees? Two Researchers Sound OffIs ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin DrakeLinksPrevious coverage of Unchained on Ethereum layer 2s:ETH Is Down Bad, While Layer 2s Are Ripping. Are L2s Parasitic to Ethereum?Are L2s ‘Parasitic’? Analysis Shows Ethereum Only Gets a Tiny Percentage of FeesAre Solana’s ‘Network Extensions’ Just Like Ethereum’s Layer 2s But by a Different Name?Ethereum Has Had a Banner Year in Most Areas. Except Price.Should Ethereum Layer 2s Urgently Decentralize Their Sequencers?Ethereum Scaling With L2s Has Damaged Its Tokenomics. Is It Possible to Fix ItBeam Chain:Unchained: Ethereum Researcher Justin Drake Proposes Beam Chain Redesign, but Not All OGs Are OnboardBankless: You’re Not Bullish Enough! Ethereum Roadmap & Beamchain with Justin Drake Learn more about your ad choices. Visit megaphone.fm/adchoices