「十年」以太坊的“灵魂之战”

Core Insights - Ethereum is currently engaged in a significant debate regarding its future identity, focusing on whether to compete directly with emerging high-performance blockchains or to solidify its position as the most secure and decentralized settlement layer for its thriving Layer 2 ecosystem [1][12] Group 1: Layer 2 Ecosystem - Layer 2 transactions now account for 85% of the total, yet a significant amount of capital remains on the Ethereum mainnet [1][6] - The introduction of "Blobs" in March 2024 has reduced Layer 2 settlement fees to nearly zero, marking a technical breakthrough but posing economic challenges for Layer 1 validators [2][5] - The Ethereum Foundation is striving to unify the ecosystem, focusing on interoperability and user experience improvements [10][8] Group 2: Strategic Choices - The debate centers around whether Ethereum should compete in execution speed with blockchains like Solana or focus on its core strengths as a decentralized settlement layer [12] - Polygon Labs' CEO warns that over-investing in execution competition could lead to Ethereum being surpassed by competitors that specialize in this area [12] - Ethereum's core value proposition remains its high decentralization and censorship resistance, which should be prioritized over execution speed [12][13] Group 3: Market Confidence - Major financial institutions, including BlackRock, are actively tokenizing assets on Ethereum, indicating strong market confidence in its capabilities as a settlement layer [2][13] - Over 90% of real-world asset tokenization projects are being built on Ethereum, showcasing its dominance in this area [2][13] - The discussions at the EthCC conference reflect a generally optimistic outlook for Ethereum's future, driven by real utility and on-chain metrics [12][13]