Alon Murock, founder of SSV Labs, discusses Ethereum's evolution, challenges, and the potential of based applications.He emphasizes decentralization, staking for Ethereum's future security, and the need for a clearer narrative to attract users.Based applications (bApps) leverage Ethereum validators for security, aiming to boost ecosystem innovation and value.Ethereum, despite leading in total value locked, faces a decline in network activity and needs fresh ideas to support growth.