$ETH

The future of Ethereum focuses on overcoming current challenges to establish itself as the foundational infrastructure of web3. The successful transition to Proof-of-Stake (PoS) in 2022 marked a crucial milestone, drastically reducing energy consumption and laying the groundwork for future scalability improvements.

However, network congestion and high gas fees remain significant obstacles to mass adoption. To address this, the Ethereum community is actively working on layer 2 solutions like rollups and sidechains, which process transactions off the main chain to increase throughput and reduce costs.

In addition, improvements like sharding are being explored to divide the network into smaller and more manageable shards, allowing for parallel processing of transactions. The continuous evolution of the infrastructure, along with the growth of decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs), will determine whether Ethereum can reach its full potential and lead the next era of the internet.