Vitalik Buterin says Ethereum now delivers on the original 2014 Web3 stack vision

On January 14 2026, Vitalik Buterin argued that Ethereum has now realized the Web3 architecture first outlined in 2014, combining its proof-of-stake L1 with scaling and storage side projects. He highlighted L2 networks, ZK-EVMs, Waku and IPFS as key pieces of the stack, while Ethereum continues to anchor DeFi with deep liquidity and hundreds of thousands of active wallets as ETH trades above $3,328.08.