Amid Ethereum's (CRYPTO:ETH) bustling DeFi activity and gas fee spikes, Ken Timsit of Cronos Labs sees the development of Layer-2 and Layer-3 solutions as key to addressing scalability and efficiency issues.

Despite the Dencun upgrade's immediate impact in lowering gas fees, Timsit believes it's the proliferation of advanced layers atop Ethereum that will sustainably solve the blockchain's scalability conundrum.

With institutions slowly gravitating towards Ethereum, especially in decentralised finance, Timsit anticipates their increased involvement could significantly influence Ethereum's ecosystem and adoption.

As the blockchain space evolves, Timsit envisions the next couple of years bringing more diversified use cases beyond Bitcoin (CRYPTO:BTC) investing and meme coin trading, potentially stabilizing the industry's volatility.