It's a medium-size stock

Original title: “Etherleaf as a medium-size unit”
Source: Master Shaoshan

In 2023, the ETAs sold several currencies to many times, at an average price of $2,047, 2026, and in May 2026, the founder of Bankless, Hoffman Clearing ETH, was also about $2,000。

Bankless, known as the ETH Department of Foreign Affairs, amplifies the top ETH is Money, the concept of Meme, in the cattle market in 2021, the passion for ETH is tantamount to a strong vision of the future of the block chain。

Perhaps it's important that the Etherwood Foundation run eight people in a row, with Vitalik, founder and spiritual leader of the Taipei, confessing that the EF (Etherwood Foundation) has only 0.16% of the ETH supply, and should not have the status to go beyond other econometric nodes, and will be able to move out slowly and freely。

There are no killers in the Ether residence

ETH is Money

Believe it or not, I believe it。

But how all this disappeared, and I mean the market's confidence in the price of $ETH, the sense of trust of the holders in the ETA Foundation and Vitalik, in terms of basic activities, is now even at the most powerful stage of its rule, but why is so much dissatisfaction, just because of currency

If $BTC falls, then a good opportunity to copy, if $SOL falls, the maximum rebound after FTX has proved its value, and if $HYPE falls, you can do the band with Arthur Hayes。

It's a good reason to be classified as a Vitalik individual, but the founders of the public chain and the foundations are a lot abstract, and the founders of Solana, Anatoly, will take the initiative to go to the Hyperliquid community to flaunt the Perp DEX concept, the Ripple founders to sell $XRP in silos, not to mention the popular L2 era, the founders are mostly the TGE saints of the Ego Blast, see the Movement group。

A fine comparison, Vitalik may be abstract, EF may be "inefficient," but it's hard to say that they created ETH's predicament today, and if you're okay, it's the big environment。

Image description: ETH is Money?

THE MOST TYPICAL CASE IS THAT OF THE MID-STRATEGIC UNIT, THE OFFSHORE ARCHITECTURE + THE DOLLAR FUND + THE AMERICAN STOCK IPO, WHICH CREATED THE MYTHS OF THE PAST 20 YEARS, LEAVING ASIDE THE TEST WATER PRODUCTS OF THE MORNING CARS AND CHINANET, THE TRUE FIRST MEDIUM-STRATEGIC UNIT WAS THE 2000 NEW WAVE NETWORK, WHICH OFFICIALLY LAUNCHED THE MEDIUM-SPECTRUM WAVE。

The “American concept + China landing” division of labour that we are witnessing today is the last of the system, even the Etherjon itself, to some sort of Chinese landing, leading to a global last。

In 2014/15, Vitalik first became Shenbo ' s resident, then received a $500,000 investment from the Shawwind rudder, unlike the US$ BTC in the mining pattern, the IXO fund-raising in the Taifeng, the PoW mine, and then the PoS pledge, a car with three waves of passengers。

Or, ETH was from the very beginning a more institutionalized system, and I had no intention of saying that ETH was a strong currency, and Vitalik did hope that EF would only become a regular node, but there was absolutely no parity in the distribution of nodes, not before, not now, not ever。

In such cases, the founders of the public chain and the foundations actually have more functions to perform, which have nothing to do with the value of money, precisely because the victims of the invasion of the Taifung have to come forward and use relatively strong appeal to curb the disorderly growth of the system。

But Vitalik chose to make the EF swollen, from an infinite garden to the Ladder theory, an overabstract that has left currency holders in discomfort, especially in the case of rsETH, where Aave's founder, Stani, in fact became the king's euphoria。

Even the Solana Foundation gave up its past, and when it volunteered for DeFi United, it welcomed EF's usual sales of money and Vitalik's own silence。

To do too much is to be central, but to do nothing, to be too restrained, is to be an abuse of a dominant position, deliberately repressing oneself, on the premise that "self is important"。

So it's a mistake that Vitalik chose to make the EF smaller, and the right way to do it is that Vitalik is the invisible man, and the foundation is turned over to the powerful and more pragmatic about the future。

In addition to Bitcoin, the rest of the public chain needs to face the requirements of realistic indicators of ecological development and adoption. In this regard, the ETA Foundation has no special place, and the enthusiasm for DeFi and ETH is a memory of the past, not a mere wealth effect。

In terms of ecological prosperity and realism, ETA killers have never succeeded, Solana would be anxious about Hyperliquid, but not the ETA, just as BTC would not be anxious about the Taicha。

BUT THIS PREFERENCE IS FADING, AND THE CRISIS DOES NOT COME FROM THE OUTSIDE, BUT FROM THE INSIDE. THE REAL DIFFERENCE IS WHO IS RESPONSIBLE FOR THE PRICE OF ETH AND WHO IS RESPONSIBLE FOR THE DIRECTION OF THE TAIFUNG

Vitalik now chooses sokha privacy, but should not "stop" others from taking responsibility for currency prices。

The new narrative is on the table

Commodity or Productive money

After $rsETH and pledge ETF, Bitmine and DAT and others are quickly building their own Staking Service, while Lido and LST players are more focused on productive ETH narratives, such as Spark, which only recognizes Lido $wstETH products。

Everything is being re-evaluated, and Lido is not as easy as he said, and the marginal effect of continuing to expand at a time when ETH prices are hovering around 2000 is diminishing, while the APR pressure for maintaining returns continues to increase, overshadowing productive narratives。

This is the importance of the price, or who is responsible for the price of ETH, and the situation is that EF is not responsible, Lido is not responsible, and the whole EtherpoS system operates in this awkward environment。

To continue the comparison, after the U.S. did not actually serve as a exit channel, the long-stored follow-up to the AI concept, DeepSeek became the dominant state, and the space and robotic concepts swayed between A/H, whether you like it or not, the new narrative structure。

Photo by Return to Mainnet.

AFTER THE SHIFT TO L1, THE ETA NETWORK BROKE OUT, BUT YOU CAN'T FEEL THAT THE ETH ECOLOGY IS REALLY GETTING BETTER, LET ALONE MOVING UP THE PRICE, IT MUST BE A PROBLEM, BUT PEOPLE DON'T DEFINE IT。

What about the current Etherwood technology

1. PRIVACY: EVERYTHING IS AVAILABLE TO ZK, WHICH IS ALSO THE FINAL LEGACY OF THE CONCEPT OF DECENTRIZATION

2. The AI:dAI team is moving the hub structure onto the chain, with the primary small-scale model side deployment and Agent call

L1: GIVE UP L2 AS A CENTER, AND ALL SPEEDS AND REVENUES RETURN TO THE L1 CONTEST。

IN ADDITION TO THE ABOVE, THERE ARE MANY NARRATIVES SUCH AS STABILIZATION COINS AND RWA, BUT THESE ARE NOT THE WORLD IN THE EYES OF THE WORLD, BUT THE ETHER IN THE WORLD。

The main object is inverted, or less clearly defined, in the new world, where everything can be chained up, and where the luxuries of the future of the Zone Chains no longer exist, but it is always felt that there is more to be done by the Zone Chains, and this contradiction, intermingling, and repetition, constitutes a triple wave of current market sentiment. People want to see a better Etherwood, but it is unlikely to see a better Etherwood。

After more than a decade of struggle, the Ether Workshop did not become a world computer, but it did open computers, on which any activity or idea could be experimented and operated. At the time of Bankless marketing ETH is Money, Vitalik insisted that ETH is Commodity, a digital product carrying specific functions。

On this point, the world cannot accuse Vitalik of lying, selling 8,800 coins in February 2026, and CowSwap slowly, not like Curve's founder to pledge $CRV in exchange for stabilizers, or like Sun to cut down $USDD。

But like Chiang Mai in January 2026, when time went back 10 years, everyone would choose whether the block chain or AI, Vitalik did not give a firm answer, but the fact is that more and more money-circle projectors are moving in the direction of AI, skilled in the GTM methodology。

• Hermes Agen to the mainstream AI developer, with a founding team from Nous Research;

• xBubble, developed by DappOS, in conjunction with AI + intended implementation framework

• OpenRouter founder Alex Atallah from OpenSea。

YOU WILL FIND THAT THE ABILITY OF THE MONEY-CYCLE PROJECT TO OPERATE THE MARKET IS NOT LIMITED TO THE CHAIN, AND THAT EVEN AT A GLOBAL LEVEL, THE AI TREND CAN KEEP UP WITH THE RHYTHM, EVEN THE TRANSIT STATION MODEL, AND BE CONFUSED WITH STABILIZING THE CURRENCY, FLOW DISTRIBUTION AND OPERATION。

But all of this is weak in relation to the Ether Workshop, although the ERC-8183, jointly proposed by dAI and virtuals, tries to define the framework of Agent's autonomous economic activities, not to say that the team is not doing anything, but it is more like an active fit than a leading gesture。

WHAT IS THE VALUE OF THIS, IF WE USE IT AS A NARRATIVE MOMENT, AT THE HEART OF THE CHAIN IN THE AI ERA

Claude hits SaaS, security and external Agent, and we can think of a ridiculous scene. What if Claude made a chain herself

Under the POS mechanism, the cost of moving assets is low enough, but Claude will still be subject to human legal constraints, and unrestricted free financial trials may be the most unique value of the Taifeng。

Like Mythos, when he beat Parantil stocks, Chiansin would go up backwards, because a hit man, with an arms race on the other side of the ocean, was infinity。

Or, in a world of growing antagonism, where the need for global connectivity persists, Canton belongs to Wall Street, but the Ether House belongs to all humanity, like the Saharans without shoes, the pessimists retreating and the optimists rejoice。

BUT THE GOLDEN AGE OF $ETH WILL NEVER COME BACK, AND THE EF WILL BE SOLD TO OTHER INSTITUTIONS, BUT 2000 ETH IS AT LEAST 10 TIMES 200, AND WE'RE AT A NEW STARTING POINT, AND WE JUST NEED TO SAIL。

Concluding remarks

DESTINY IS SO SIMILAR THAT ETH REALLY SHARES THE SAME FATE AS MEDIUM-SIZE STOCKS, WHICH ARE ASSETS OF COUNTRY A, INVESTED IN CAPITAL OF COUNTRY B, AND WITHDRAWN FROM SECONDARY MARKETS OF COUNTRY B, WITH COUNTRY A ASSUMING ONLY MARKET AND CORRIDOR VALUE。

IT'S THE BEST TIME, WITH THE BREAK-UPS CREATING NEW MARKETS, WITH REFERENCE TO COUNTRY B DYNAMICS, WITH COUNTRY A ASSETS GOING THROUGH SIMILAR CYCLES, WITH THE SPLITS, AND WITH A AND B, WITH THE NEW LINK POINTS, SO THE FARE IS STILL THE BEST OPTION。

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