Bloomberg Crypto

Ether Faces a Crossroad as Latest DeFi Hacks Shake Confidence

The value of the second-largest cryptocurrency is increasingly dependent upon the resilience of everything built on top of it.
Stress on the Ethereum ecosystem is raising questions again about the fundamental value proposition of the most commercially successful blockchain.Illustration: Carolina Moscoso
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Suvashree Ghosh examines how stress on the Ethereum ecosystem is raising questions again about the fundamental value proposition of the most commercially successful blockchain.

The blockchain underpinning much of decentralized finance is approaching an inflection point.