Key takeaways
Ethereum is celebrating nonstop uptime, but not everyone’s celebrating. Even now, the community debates around scalability and decentralization continue to heat up.
While the Ethereum [ETH] Foundation celebrates a decade of uninterrupted uptime, the community seems to be in chaos.
Derivatives data shows a clear surge in market activity — but, as usual, not everyone’s in a partying mood. On social media, critics are questioning Ethereum’s scalability, decentralization, and long-term vision.
With bullish market signals on one hand, and a wave of skepticism on the other, welcome to Ethereum at 10.
The chain that never sleeps
“i jumped into ethereum last year and feel so inspired by the community!”
“That’s why, still holding ETH to 10k this cycle is inevitable.”
Critics push back
“Ethereum not only went down it was forked. Stop sugar couting the facts…. You were gaslit to believe L2s are decentralized… Every transaction on an L2 is legally in escrow.”
“It was supposed to be the world’s computer… The world can’t afford $1000s, $100s or $10s of dollars per TXN.”
Derivatives surges amid noise
At press time, aggregated ETH Open Interest had climbed to $57.73 billion, marking an all-time high.
Source: CoinGlass
Shorter-term data shows a notable spike, with Open Interest rising sharply in the final days of July.
Source: Coinalyze
Supporting this surge is a consistent uptick in Funding Rates — with the Funding Rate hitting 0.0134.
This positive rate suggests that traders are increasingly favoring long positions, even as concerns around regulation and network architecture dominate the conversation. The market is clearly leaning bullish.
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