Ethereum Foundation Director: Currently, no L1 technology can rival Ethereum in terms of both technology and monetary value.

 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 to development teams, she pointed out that censorship resistance and privacy protection tools are becoming increasingly important, which not only aligns with the values of crypto punks but also meets the growing demand for on-chain privacy from institutions and ordinary 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 currently no universal solution. ENS has laid the foundation for user identity creation, and future efforts need to further explore universal identity solutions with privacy protection features to cover various application scenarios such as ticket sales, governance use cases, and social layers.