Ossification — the point where a blockchain’s base rules stop changing — is becoming a practical requirement for Ethereum’s scale.
The network now secures hundreds of billions of dollars in assets and processes trillions each year, which makes sudden protocol changes far riskier.
Buterin is proposing locking down the consensus layer while keeping the Ethereum Virtual Machine more adaptable, so developers can keep building without touching the chain’s core rules.


Source: X
The idea is to shrink the attack surface on L1 while keeping flexibility in the layers above it. He also noted that the era of wide-open experimentation has narrowed.
As more institutional money arrives and memecoins dominate retail activity, the ecosystem takes fewer risks and repeats more existing patterns. Ossification, in his view, sets clearer boundaries.
The core stays stable and predictable, while new ideas shift to rollups, wallets, and application layers instead of the base protocol.
Enter… corporate treasuries
This push toward stability comes as public companies and funds treat ETH as a strong balance-sheet holding.
Data from disclosed treasuries shows BitMine Immersion Technologies at the top, holding 1,713,899 ETH worth more than $5.27 billion.
SharpLink Gaming follows with 797,704 ETH, while The Ether Machine controls 345,362 ETH.
Even the Ethereum Foundation maintains 244,481 ETH.
Major listed entities are also accumulating: Coinbase holds 137,334 ETH, Bit Digital owns 120,306 ETH, and 180 Life Sciences reports 82,186 ETH.
Below them, firms such as Fundamental Global (47,331 ETH), Ether Capital (46,274 ETH), and BTCS (70,028 ETH) round out a widening base of corporate holders.


Source: Ethereumtreasuries.net
Institutions are building large, long-term positions just as Ethereum begins talk of locking down its core design.
Predictability is essential
Source: https://ambcrypto.com/ethereum-needs-to-stop-changing-vitalik-buterin-suggests-heres-why/