The cryptocurrency market has recently declined, with Bitcoin falling below $90,000. Market sentiment is weak, and the phenomenon of internal competition has intensified. Bitcoin is finding it difficult to stand alone, which increasingly indicates that without the prosperity of the entire ecosystem, Bitcoin's own price level is also unstable.

Ethereum should become a compatible entity of the world computer and digital currency in the future, achieving efficient scaling through the collaboration of L1 and L2. The foundation should balance the ecosystem rather than sacrificing decentralization in pursuit of TPS.

The core of the blockchain main chain is decentralization rather than TPS. A truly decentralized chain can operate independently without a foundation, while chains that use TPS as a selling point struggle to support large-scale commercial scenarios. Investors should focus on its long-term value rather than short-term efficiency.

Ethereum faces community pressure and a sluggish coin price. Vitalik insists on the ideal of decentralization, but the foundation's financial operations have sparked controversy. The future of Ethereum depends on whether it can balance ideals and reality while continuing to lead blockchain innovation.

The current market trend is difficult, and the core reason is the lack of on-chain originality. AI agents are becoming the "new engine" of the crypto ecosystem, bringing opportunities for the implementation and popularization of the crypto ecosystem.

AI agents may surpass humans in number and intelligence in the future, forming a large economy. The crypto community is shortsighted, while Silicon Valley is optimistic about its long-term potential. We should pay attention to its ongoing development and application.

The development of meme coins in this round of market has increasingly lost its captivating stories; basically, it has come down to emotional speculation and the manipulation behind it.

Even in the noisiest and most restless times, there are still a large number of builders working silently and striving.

Therefore, compared to retail investors, RWA is much more attractive to financial institutions.

I still firmly hold onto Ethereum, and my confidence in it has not changed.