Ethereum is gonna win; I have never been this bullish. • EF is strong, and the leadership is much clearer compared to the past. • New EF teams are super strong (Founder Success, Eco Support, and so on). • The Ethereum protocol is gonna have the Fusaka upgrade, which will unlock many new use cases and improvements. • Ethereum scaled blockspace by 3x last year, and blobspace is also becoming much more scalable. • L2s are slowly becoming the growth engine for Ethereum: @Lighter_xyz for perps, @base for the onchain economy, @arbitrum for DeFi and RWAs, @zksync for institutions. • We still have some of the best researchers in the distributed computing systems field, and they’re exceptional. • Stablecoins and RWAs naturally choose Ethereum because it never stops and has the most battle-tested smart-contract tech stack. • The EVM ecosystem is becoming much bigger. And we’re in a slow bear market, which makes me believe in Ethereum even more. Ethereum is gonna win.