Ethereum: The Undervalued "Infrastructure Maniac" Will Eventually Make a Comeback!

When the market is dominated by Bitcoin's "digital gold" and the meme frenzy of Solana, Ethereum is like a low-key engineer, quietly "building bridges and paving roads" in the world of code. Its price may be temporarily sluggish, but if you look at its "construction blueprint," you'll find that a "underlying revolution" that will disrupt the crypto world has quietly begun.
Say goodbye to the "cut network" Stone Age
Have you ever experienced the tragedy of mistakenly sending ETH to an Arbitrum address? Ethereum developers have finally stepped in! Two new standards—ERC-7930 (machine-friendly address) and ERC-7828 (human-friendly address)—will put an end to cross-chain chaos. 0xabc123@eth, 0xabc123@arb: in the future, your wallet address will come with a "chain identifier," making token sending as easy as selecting a domain name for an email.
Unified Interface Protocol:
DApps and browsers do not need to manually switch networks, truly realizing "one wallet to rule them all." This is not only a technical optimization but also the underlying language standard for Ethereum to build a "multi-chain universe."
The Clear Stream Experiment of Layer2
While most L2s are busy issuing tokens and securing land, a Layer 2 project called R1 has emerged, focusing on "three no's" - no tokens, no venture capital, and no pre-mining, driven purely by community donations.
Protest or ideal? The R1 team stated: "Most of the current L2s have become 'independent kingdoms', deviating from the original intention of scaling Ethereum."
Technological Utopia: Although the commercial prospects are questionable, R1 is like an "open-source love letter," reminding the industry that true scalability should not be held hostage by capital. The Ethereum Pectra upgrade will also utilize technologies such as Verkle trees and statelessness to make L2 more efficient and nodes lighter.
On-chain voting by traditional giants
When retail investors chase altcoins, giants like BlackRock, Fidelity, and Deutsche Bank have already bet on the RWA (Real World Assets on-chain) track of Ethereum: 1 billion dollars in real estate tokenization: The collaboration between Blocksquare and Vera Capital is directly anchored to the Ethereum chain, with institutions valuing its compliance and stability.
Speed ≠ Everything: While Solana is fast and Sui is cheap, when it comes to legal audits and integration with traditional systems, Ethereum's "long-standing reputation" and mature ecosystem are the top choice for institutions.
Data speaks: The tokenized asset market size has surpassed $21 billion, with a growth rate of 57%, and Ethereum has emerged as the biggest winner. Pectra upgrade:
The "Infrastructure Exam" on May 7: Behind the price slump of the "Infrastructure Exam" on May 7, Ethereum's "Foundation Project" is accelerating. On May 7, the Pectra upgrade will enter its final sprint, with key upgrades including:
Blob Expansion: Further reducing L2 costs, consolidating the "Rollup-centric" approach.
Staking Reform: EIP-7251 allows single-node staking of 2048 ETH (originally 32 ETH), attracting large institutions to enter; EIP-7002 enables users to bypass malicious operators and directly withdraw staked assets.
Security and Efficiency: Technologies such as light client verification and historical data cleaning significantly lower the operational threshold for nodes.
The Long-Termism Gamble: Price vs Value
Yes, the revenue from the Ethereum mainnet is declining, but it is transferring value to L2—layer two transaction volume has reached an all-time high. Solana is booming due to meme coins, but Ethereum has positioned itself for the next decade with RWA and cross-chain standards.
Conclusion
The patience of the "paving period": just like the early internet building fiber optics, Ethereum is "installing wires and fixing interfaces," rather than speculating on short-term trends.
The anti-fragility of prices: Despite the sharp decline this year, Pectra upgrades, RWA explosions, and institutional influx may make ETH the "dark horse" of the next cycle.
The story of Ethereum has never been a "myth of explosive growth"; instead, it is a marathon of "infrastructure building through code." While the market cheers for the fireworks of Solana, it chooses to lower its head and build the road. History tells us that what truly changes the world is often the silent forces that are masked by noise.
"Long-termism is not a slogan, it is built line by line of code." - A tribute to all Ethereum builders.