The founder of Cardano says that Ethereum will go off in 10 to 15 years, like Blackberry and MySpace

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Do you remember Blackberry? Once the symbol of ultimate status of technology, it has reigned on the mobile world – until it does not adapt to rapid innovation and the modification of user requirements, which ends up falling into disgrace.

Now, the founder of Cardano, Charles Hoskinson, warns that Ethereum could be the next one.

During a recent AMA session, the American entrepreneur said that the main intelligent contract platform will not survive for more than 10 to 15 years, while layer 2 drains its value, internal divisions are developing and users are gradually migrating to more effective ecosystems like Bitcoin Defi.

“I don’t think Ethereum will survive … more than 10 years at 15,” said Hoskinson.

“The Twos layer will continue to breastfeed the whole alpha and people will start to fight and it will become more and more difficult for Vitalik to be able to maintain it together thanks to pure force of will and users will gradually migrate to other places, then they will be overshadowed by Bitcoin Defi,” he added.

Hoskinson called Ethereum “a brilliant project”, but as myspace and blackberry, it could collapse because some, if not many, the more recent systems are more intelligent and more effective, and these systems will gain over time.

“He is just a victim of his own success like Myspace or one of these other things that have a lot of network and momentum effect. Blackberry is another example,” he said. “And the other is that they are eaten alive by Solana.”

Hoskinson, who co -founded Ethereum, also underlined three key reasons for which Ethereum is fundamentally imperfect, including his obsolete technical architecture, the destabilizing effect of layer 2 networks and the absence of effective governance on the chain.

Hoskinson said that the Ethereum accounting model, the virtual machine and the consensual mechanism are poorly designed. In his opinion, his current approach to proof of participation is problematic and not designed for long -term success.

Regarding layer 2 solutions, rather than strengthening Ethereum, these platforms can ultimately bring the ecosystem back and make unit maintenance through the protocol, according to him.

Institutions are emptying ETH, the activity of the Ethereum network strikes the low multi -year

Hoskinson’s comments arise at a time when the Ethereum ecosystem is faced with some of its most fundamental challenges to date.

The activity of the basic layer collapses, key measurements such as the costs and use of the network recently fell on multi -year stockings, and ether (ETH) is no longer a deflationary, reversing one of its most attractive value proposals.

In addition, institutional investors retreat. The chain data followed by Lookonchain earlier this week suggested that Galaxy Digital had turned from Ethereum and Solana.

It seems that Galaxy Digital is sold $ ETh and purchase $ Soil!

In the past 2 weeks, Galaxy Digital has deposited 65,600 $ ETh($ 105.48 million) #Binance and withdrew 752,240 $ Soil($ 98.37 million) #Binance. pic.twitter.com/olcpwnngq2

– Lookonchain (@lookonchain) April 22, 2025

The paradigm has also reduced its eTH assets. According to EMBCN analyst, the company moved 5,500 ETH in digital anchorage on Monday. Historically, ETH sent to anchorage by paradigm has often been found on centralized exchanges like Coinbase and Binance.

The strategy of scaling on the network network, intended to improve efficiency via layer 2 solutions, has now returned in certain respects. These L2 move the activity of the main channel away, which has contributed to lower expense burns and the fragmentation of the network.

Despite the slowdown, some whales accumulate discreetly, betting on recovery. While short -term feeling is prudent – an approved standard has recently reduced its price forecasts from ETH 2025 – there is always a belief among certain investors that Ethereum has an increase potential, especially at current prices.

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