According to BlockBeats, on March 13th, Zhu Su, founder of Three Arrows Capital, posted on social media that "the rise of CeDeFi is the biggest downside of Ethereum, indicating that a large number of open smart contracts that were once envisioned to run on distributed networks are ultimately executed in closed source code on a single server. Ethereum urgently needs to embrace application scenarios that truly require global distributed computing and anti censorship features, with some use cases (such as privacy protection) filled with crypto punk attributes. If Ethereum itself performs poorly, the DeFi revival will be difficult to achieve - in a world of decentralized validators and low demand for smart contracts, off chain solutions will become the mainstream choice due to their cost and efficiency advantages
