As the second largest cryptocurrency by market capitalization, Ethereum (ETH) has recently become the focus of the market again. With the ongoing progress of the Ethereum 2.0 upgrade, its network's transition from proof of work (PoW) to proof of stake (PoS) has been preliminarily completed, significantly reducing energy consumption and enhancing transaction efficiency. This technological leap not only solidifies 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).

At the same time, the prosperity of the 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 heated up; if regulators allow 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 take time. On the other hand, competing public chains like Solana and Avalanche have advantages in speed and cost, forcing Ethereum to accelerate ecological optimization.

In the long run, Ethereum's core advantages lie in its irreplaceable developer community and existing ecological barriers. Whether in finance, gaming, or the metaverse, FTU is at the forefront of 'digital oil'.