BlockBeats News, March 13, Three Arrows Capital founder Zhu Su posted on social media, stating, "The rise of CeDeFi is Ethereum's biggest negative factor. This indicates that a large number of open smart contracts that were envisioned to run on a distributed network ended up being executed in a closed-source code form on a single server. Ethereum urgently needs to embrace application scenarios that truly require global distributed computing and censorship resistance, with some use cases (such as privacy protection) full of cypherpunk attributes. If Ethereum itself does not perform well, the DeFi revival will be hard to achieve—in a world where validator decentralization and smart contract demand are low, off-chain solutions will become the mainstream choice due to cost and efficiency advantages."