Reframing Ethereum’s Technical Roadmap Through the Lens of Treasury Strategy
On July 30, 2025, Ethereum celebrated its 10th anniversary. From its original vision as a “World Computer” to its evolving role as a settlement layer for assets, data, and applications, Ethereum is undergoing a profound and subtle transformation. As interest from traditional financial institutions accelerates and technical upgrades move forward, Ethereum is developing a dual-engine ecosystem driven by both technology and finance. At the same time, Ethereum’s core development teams appear to be re-centering their technical focus on Layer 1.