Lean Ethereum is less a single upgrade than a long-term reframing of Ethereum’s governance, protocol architecture, and execution priorities over the next five years. As outlined by @VitalikButerin on https://t.co/iaP5aJnuac
The Merge answered whether Ethereum could complete a major consensus transition. Lean Ethereum asks a different question: Can ETH remain the core settlement asset for global onchain finance in a world of L2 migration, lower fees, high-performance chain competition, institutional adoption, and long-term privacy and quantum risks?
𝗗𝗮𝘁𝗮 𝘀𝗻𝗮𝗽𝘀𝗵𝗼𝘁
Ethereum still has the largest onchain financial base:
~$40B L1 DeFi TVL
~$153B stablecoin supply on Ethereum, ~49% of total supply
~$41B Ethereum L2 TVS
Arbitrum ~$17.5B, Base ~$11.5B
~24M daily transactions across the Ethereum ecosystem
Base alone contributes ~6.5M daily transactions