#以太坊网络发展 Looking back at the development of the Ethereum network, one can't help but feel a mix of emotions. From the initial concept design to today's mainstream public chain, it has truly been a difficult journey. Recently, I saw the news that Grayscale's Ethereum ETF generated $7.9 million in revenue, which reminded me of the time when Ethereum was just launched. Back then, everyone was still unfamiliar with smart contracts, and the price of ETH was only in single digits. Who would have thought that just a few years later, Ethereum would not only become a pillar of the encryption world but also secure a place in the TradFi market.

This reminds me of the bull market in 2017, when the Ethereum ecosystem was flourishing, with various DApps and ICO projects emerging one after another. Unfortunately, the good times didn't last long, as the subsequent bear market caused many projects to vanish. However, Ethereum, with its strong technological foundation and developer ecosystem, successfully weathered the storm and continuously evolved. From PoW to PoS, from Layer 1 to Layer 2, every step has been in line with the vision of a "decentralized world computer."

The success of the ETH ETF today marks a broader recognition of Ethereum. However, we must also be cautious not to fall into the same trap of frenzy. Markets are always cyclical, and after a boom, there will inevitably be adjustments. The real value lies in what Ethereum can bring in terms of changes and innovations to the real world. We should focus on the progress of underlying technology and the expansion of application scenarios, rather than blindly chasing short-term gains.

History tells us that any great cause requires time to settle. Ethereum has come this far not easily, and there is still a long way to go in the future. We must maintain rationality and patience, participating in the creation of history while witnessing it. After all, true value often takes time to prove.