Vitalik Buterin Reaffirms Ethereum Layer-1 as the "World Ledger" Amid BlackRock Endorsement

Ethereum co-founder Vitalik Buterin has reignited the conversation around Ethereum’s foundational values, calling attention to its Layer-1 (L1) protocol via a recent post on X. Revisiting Ethereum’s original 2013 whitepaper, Buterin emphasized that L1 remains a decentralized and permissionless ledger—core principles that continue to define its role in the blockchain ecosystem.

Buterin’s statement came in response to fellow co-founder Joseph Lubin, who also weighed in on Ethereum L1’s significance. Lubin praised Ethereum L1 as the “master ledger for the world,” highlighting its unique attributes: transparency, neutrality, censorship resistance, and tamper-evident architecture. He added that Ethereum’s architecture continuously evolves toward greater decentralization and is supported by a vigilant, resourceful global community. According to Lubin, Ethereum L1’s resilience against centralization attempts only strengthens as the network grows.

The renewed attention to Ethereum L1 follows a surge in institutional interest. A circulating screenshot revealed that BlackRock’s $3 billion tokenized crypto fund holds a staggering $2.6 billion in Ethereum—far surpassing other altcoins such as Solana, Avalanche, and Polygon, each of which holds less than $53 million. On June 19, BlackRock’s iShares Ethereum Trust also acquired 6,053 ETH worth over $15.4 million, underlining Ethereum’s dominant institutional appeal.

Buterin echoed Lubin’s sentiment with a succinct declaration: “Ethereum L1 is the world ledger.” As Layer-2 networks continue to gain traction, the Ethereum founders’ vocal support signals a clear message—Ethereum Layer-1 remains the bedrock of decentralized finance, Web3 development, and global digital infrastructure.