Inside Ethereum's Wartime Pivot with Gitcoin Founder Kevin Owocki

In a space known for constant innovation and shifting narratives, Ethereum remains the cornerstone of the decentralized future. Yet, as Kevin Owocki, founder of Gitcoin and author of How to DAO: Mastering the Future of Internet Coordination, shared on Coinage, the path forward is as much about staying the course as it is about evolving.

“Ethereum is in a place where it’s hitting the hard problems first because it’s the biggest ecosystem out there," Owocki said. "What you’re seeing is people who are dissatisfied... starting to revolt because Ethereum isn’t, in their opinion, scaling fast enough."

This week, VC firm Paradigm joined the chorus of constituents calling out Ethereum's need to pick up the pace with delivering on its roadmap. Notably, President Trump opted to launch his $TRUMP memecoin on Solana. As Owocki pointed out, the Trump-aligned World Liberty Financial Defi project is building on Ethereum. But still, even he feels the allure of Solana’s streamlined approach, describing it easily in the same way Solana maxis do: “trying to be a decentralized Nasdaq or Nasdaq onchain.”

In contrast, Ethereum’s modular blockchain thesis, centered on Layer-2 scaling, offers a more robust yet complex narrative. “I think Ethereum equals the mainnet, but also all of the Layer 2s that are built on top of it," he said. "The issue is that it’s just a more complicated story to tell.”

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00:00 Intro and Context
02:10 Ethereum vs. Solana
04:35 Modular Blockchain Thesis
10:15 Future of DAOs
22:00 Memecoins Impact
31:45 Ethereum’s Bright Future