The ICOs of 2017 and the DeFi and NFT achievements of 2020 made Ethereum;

The meme of 2024 and the currently popular AI agents have made Solana;

Whoever can seize the next round of ecological opportunities will be able to dominate the landscape. AI agents are the major direction of the future; although the current main battleground is Solana, Ethereum L2's Base can barely hold the situation.

Most L2s of Ethereum perform comparably to Solana, but they operate independently, leading to a serious fragmentation within Ethereum.

Another major ecological opportunity in the future lies in RWA. Due to the high compliance and security requirements of RWA, Ethereum, with its underlying higher security, still has an advantage.

AI agents and RWA are the most important forms for cryptocurrency to achieve large-scale implementation. If Ethereum misses out again, it will head toward confusion.