From Cointelegraph

April 20, 2025 5:00 am:

Opinion by Alon Muroch, founder of SSV Labs, highlights Ethereum’s struggle despite leading in Total Value Locked (TVL). The network faces declining activity and momentum, risking inaccessibility without change. Based applications (bApps) offer a solution by enabling secure, scalable development directly from Ethereum’s layer 1 (L1).

Ethereum’s decline in network activity reveals a UX issue affecting user and developer experience. Restaking, the default mechanism for new services, limits builders. Self-bootstrapping is resource-heavy and centralized. Validators face risks and limitations, hindering Ethereum’s founding vision.

bApps provide a secure, accessible option for self-bootstrapping and restaking, lowering barriers for protocols to build sustainably. Using Ethereum validators for security benefits validators, developers, and users, creating a unified ecosystem. This approach offers a path forward for Ethereum’s ecosystem growth and development.

bApps revolutionize Ethereum’s bootstrapping ecosystem by promoting an infinite-sum game over a zero-sum model. This encourages collaboration, innovation, and inclusivity, breaking free from limitations to build a more secure and resilient ecosystem. The based economy transforms competition into a synergistic environment for growth and scalability.

Read more at Cointelegraph: Now is not the time for a restaking revival