Ethereum Foundation Director: No L1 Can Compete with Ethereum in Terms of Technology and Monetary Value

Foresight News reported that Hsiao-Wei Wang, Co-Executive Director of the Ethereum Foundation, stated at the Consensus 2026 conference that currently no other L1 can compete with Ethereum in terms of technology and monetary value.

When discussing Ethereum's core value proposition for development teams, she pointed out that censorship resistance and privacy protection tools are becoming increasingly important. This not only aligns with crypto punk values but also meets the growing demand for on-chain privacy from institutions and regular users. In addition, she emphasized that innovation at the application layer is another major focus, especially in the field of "Identity," for which there is still no universal solution. ENS has laid the foundation for user identity creation, and in the future, further exploration of universal identity solutions with privacy protection features is needed to cover a variety of application scenarios such as ticket sales, governance use cases, and social layers.