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

Meanwhile, 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 undergone periodic adjustments, Ethereum still dominates the issuance and trading of high-value collectibles. Additionally, recent discussions about the "Ethereum spot ETF" have heated up, and if regulatory agencies approve it, it could open new channels for institutional capital entry and further boost market confidence.

However, challenges remain. High gas fees continue to be 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, pressuring Ethereum to accelerate optimization of its ecosystem.

In the long term, Ethereum's core advantages lie in its irreplaceable developer community and existing ecological barriers. Whether in finance, gaming, or the metaverse, FTU serves as the "digital oil" of the.