The first time I see layoffs can be exhilarating; it's been too many years of political correctness, poetry, and distant dreams. Now, it finally shows at least a tendency towards a more pragmatic team.

Competition is always good; the old man will eventually eat through his resources.

However, on the other hand, I truly believe the era of Ethereum is coming to an end. Ethereum has successfully transitioned developers from never building on blockchain to a time when everyone can build. Ethereum has accomplished its mission very well.

Moreover, only with the end of the Ethereum era can we truly witness the bull market of blockchain.

The post-blockchain era will surely be driven by AI, just as we transitioned from the Internet to mobile Internet, and the future belongs to AI mobile Internet. History is always so remarkably similar.