The rise of crypto perpetual futures has led to a significant shift in Ethereum's role in the market. Instead of competing directly with faster blockchain networks, Ethereum is increasingly focusing on supporting layer-2 networks where trading is taking place.
This strategic move is driven by the recognition that Ethereum's strength lies in its security, decentralization, and robust DeFi infrastructure, rather than in its ability to support high-speed transactions. As a result, Ethereum is positioning itself as the settlement and collateral layer that underpins the perpetual futures market, while leaving the high-speed transactions to other blockchain networks like Solana and Hyperliquid.