As the second-largest cryptocurrency by market capitalization, Ethereum (ETH) has once again become the focus of the market. With the ongoing advancement of the Ethereum 2.0 upgrade, its network has completed the initial transition from proof of work (PoW) to proof of stake (PoS), significantly reducing energy consumption and improving transaction efficiency. This technological leap not only consolidates Ethereum's dominant position in the field of smart contracts but also lays the foundation for the explosive growth of Layer 2 solutions (such as Optimism and Arbitrum).

Meanwhile, the flourishing Ethereum ecosystem continues to attract developers and capital. The total value locked (TVL) in DeFi protocols remains at the top of public chains, and although the NFT market has experienced cyclical adjustments, Ethereum still dominates the issuance and trading of high-value collectibles. Additionally, recent discussions about the "Ethereum spot ETF" have intensified; if regulatory agencies approve it, it could open new channels for institutional funds to enter, further boosting market confidence.

However, challenges still exist. High gas fees remain a pain point for user experience, and although sharding technology is highly anticipated, its full implementation will still require time. On the other hand, competing public chains like Solana and Avalanche have advantages in speed and cost, forcing Ethereum to accelerate its ecosystem optimization.

In the long run, Ethereum's core advantage lies in its irreplaceable developer community and established ecological barriers. Whether in finance, gaming, or the metaverse, FTU serves as the "digital oil" of the.