ETH price isn't just a number 1/ EF Runway 💰 EF holds ~970M in assets (Oct 2024), with 788.7M in crypto (99.45% ETH). At a 130M burn rate, EF has ~7.5 years of runway if ETH stays stable. A drop in ETH? Runway shrinks. Critics argue 130M burn rate is excessive. Aave’s @StaniKulechov suggested cutting it to 30M & reducing staff from 200 → 80. 2/ Protocol Security 🔐 ETH price impacts PoS security. Lower price = lower staking rewards = potential validator exits = weaker security. Lido’s TVL dropped from 40B → 20B in a year. SOL staking yields 2x ETH’s while price performs better, making Solana more attractive for stakers. 3/ Ecosystem Confidence 🌎 ETH price is a vote of confidence. A weak market + growing doubts = negative feedback loop. OG devs like @econoar warn EF is drifting from the community, resisting competition, while Solana surges forward. Will EF adapt, or is Ethereum losing its edge?