The growth and scalability of Ethereum L2 will undermine the value proposition of L1 competing chains that adopt similar scalability approaches.

"My reflections will focus more on survival issues, including the health of the L1 ecosystem, capture, cartels, alignment with Ethereum at the second layer, and so on."

It is hard to imagine how closed and dark the environment would be without the open-source contributions of participants from various fields and the openness of researchers from different institutions regarding MEV data.

From a business strategy perspective, Ethereum's modular transformation is aimed at maintaining its dominant position in the ecosystem.

From 2022 to 2023, the Ethereum ecosystem deployed a total of $497 million to support projects across the entire community.

In terms of public chain technology, Ethereum has smoothly transitioned from POW to POS over the past few years, from the Sharding strategy to the final implementation of the Rollup-Centric core strategy, and then to the gradual realization of the upcoming Roadmap.

What is the Surge phase like? DA, data compression, Generalized Plasma, improvements in cross-L2 interoperability, scaling execution on L1, etc...

EIP-7781 may become the "first major" initiative to improve the Ethereum base layer.

Raising the base price of Blobspace has a limited impact on transaction costs; especially for efficient Blob submitters, the increase in fees is negligible.

The "car" is too heavy, and the "village" is too scattered. As the 34th largest asset globally, the price of ETH is stagnant, and Ethereum is facing its own "midlife crisis."