COINOTAG News reported on December 15 that Nansen CEO Alex Svanevik expressed concern that Ethereum culture is drifting toward complacency, despite his ongoing ETH stake and calls for sharper risk governance.

Critics argue that when negative data surfaces, proponents label it as manipulated metrics or dismiss it as TVL noise. The piece argues Ethereum must sharpen crisis-awareness to preserve its network effects amid evolving DeFi and Layer-1 competition.

From a market perspective, a disciplined governance framework, increased transparency in on-chain metrics, and credible risk disclosures are essential to maintain investor confidence in ETH and the broader ecosystem.

Absent renewed vigilance and tangible progress on scaling, security, and ecosystem incentives, the narrative may pivot from growth to frustration, potentially dampening capital inflows and eroding Ethereum‘s competitive position among blockchain networks.