According to Dragonfly investor Qureshi, Ethereum’s administration may be emulating Solana’s strategy. Aave V3 Lands on Celo
As disapproval grows, Ethereum’s management seems to be reevaluating its expansion plan, with signals indicating a move to a more founder-led and ecosystem-focused strategy, according to Haseeb Qureshi, Managing Partner at Dragonfly Capital. The Ethereum Foundation, which is under pressure from investors and developers, appears to be shifting toward founder-led growth and capital creation.
Qureshi revealed in a March 17 X post that he is feeling “more optimistic” about Ethereum’s future after meeting with a number of Ethereum Foundation officials. He mentioned a “genuine sense of urgency” among the Ethereum Foundation members, adding that they recognize concerns about Ethereum’s lack of impetus and “want Ethereum to be important.” Qureshi claims that the team now appears to be contemplating how to “duplicate the success of the Solana Superteam,” a community of operators, developers, and grantees committed to Solana projects within the Ethereum ecosystem, minimizing the emphasis on research and focusing more on “capital creation and the founder experience.”
Qureshi’s remarks come as Ethereum’s course is being scrutinized, with even former Ethereum Foundation engineer Harikrishnan Mulackal criticizing the network’s governance, citing a “lack of a defined and consistent vision.” “Ethereum leadership has received a lot of criticism, and it’s crucial for people to understand this—the criticism is effective. They are paying attention and thinking carefully about how to adjust. This is a learn-or-die situation for them,” Haseeb Qureshi stated.
Mulackal contends that Ethereum risks stagnation without stronger leadership, proposing that the network should pursue faster upgrades and “hard fork every quarter.” Otherwise, he claims, Ethereum may repeat the errors of the previous five years. ZachXBT Exposes North Korean Cybercriminals Exploiting DeFi Systems
