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Vitalik mentioned in his article 'Simplifying L1' that Ethereum's goal is to become the world's ledger, and this time he didn't mention the world computer. From a narrative perspective, the world ledger is easier to understand and more vivid than the world computer. The world ledger is for accounting for the entire world, capable of storing the assets and records of the entire world, becoming the foundational layer for finance, governance, and high-value data certification. In the long run, Vitalik's direction is good and clear, depicting a beautiful blueprint for Ethereum.
However, if we look at the most pressing issues at the moment, the highest priority is to regain dominance for L1, which means expanding L1 and solving the problem of L2 liquidity fragmentation. Only then can we win valuable time for various strategic changes that follow.

Vitalik mentioned in his article "Simplifying L1" that Ethereum's goal is to become the world's ledger, without referring to a world computer this time. From a narrative perspective, the world ledger is easier to understand and more vivid than the world computer. The world ledger is designed to account for the entire world, capable of storing global assets and records, becoming the foundational layer for finance, governance, and high-value data verification. In the long run, Vitalik's direction is good and clear, painting a beautiful blueprint for Ethereum.
However, if we look at the most pressing issues at the moment, the highest priority is to regain the dominance of L1, which means reclaiming the leadership of L1 and addressing the issue of L2 liquidity fragmentation. Only then can we win valuable time for subsequent strategic changes.

Virtuals has launched the Virgens points cool down mechanism, allowing participating diamond hands to earn additional points rewards; paper hands will see a reduction in point earning opportunities due to the cool down mechanism, thus decreasing their profit opportunities from participating in its launchpad. This reward and punishment mechanism is designed to extend the overall playtime of the 'game'.

In addition, increasing more projects to participate in point acquisition also helps stabilize and increase the holding of these project tokens, benefiting the positive cycle of its ecosystem.

@virtuals_io has figured out how to play with token economic mechanisms and positive cycles.

To this day, the market has not fully realized the significance of Ethereum 'walking the narrow path'.

In the crypto field, it is difficult to balance decentralization, performance, and security. Therefore, to prioritize two of these, most will sacrifice the other. Aside from the Bitcoin digital gold narrative, currently, only Ethereum has steadfastly adhered to the most important direction of decentralization. Walking the narrow path means it will be slower, the process will be more painful, and it will face countless ridicule and mockery, but the path will become wider as it progresses.

Walking the broad road means sacrificing decentralization in pursuit of high performance. In the early stages, it was indeed very enjoyable—prices were great, the atmosphere was lively, and it was exhilarating.

The TVL of Ethereum L1 is approximately $200 billion, of which stablecoins account for about $130 billion. After the launch of the RWA era, it is also possible that the total TVL of the entire Ethereum ecosystem L1/L2 exceeds $10 trillion in the next five years.