Kunkan Upgrade: The Path to Innovation that Ethereum has to take!

Ethereum is facing unprecedented challenges and pressures. Where once the ambition was to surpass Bitcoin, today the priority is to retain users and prevent them from flowing to other, more competitive blockchain projects. Solana has made significant gains in transaction processing speed (TPS), and modular blockchain projects such as Celestia are quickly catching up. The soaring value of $TIA highlights the high level of recognition in the market. However, Ethereum's original L1-L2-L3 hierarchical structure and heavy tax policy may face serious threats in a competitive market environment.

This Kunkan upgrade is crucial for Ethereum. If V can successfully reduce GAS fees, Ethereum will maintain its leading position in the blockchain space; Otherwise, it may lose some of its users and market recognition and simply be seen as a more expensive chain.

Going forward, Ethereum may gradually become the exclusive domain of the financial elite, and low-cost chains like SOL may attract more retail and leek users. The ongoing evolution of the competitive landscape will redefine the role and market positioning of the blockchain space.

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