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1. The POS public chain triangle theory: Sol and Sui are both high-performance public chains. Sol has issues with difficult development and centralized downtime. Sui is also a high-performance public chain, faster and cheaper than Sol, but it also faces centralization problems. The reason is that these public chains are customized public chains, abandoning the complete decentralization concept in exchange for an ultra-performance settlement mechanism. (Some people talk about Ethereum's inflation every day; they do not understand that ultra-performance public chains have less income. Sui and Sol have basically no income and can only sell tokens to make a living.)
2. Ethereum holds an irreplaceable position in the application chain, whether accepted or not, one must acknowledge a fact. Ethereum has been approved by the SEC, recognized by Wall Street, written into textbooks, and praised by various economists and professors. Ethereum has pioneered an era, and this era initiated by Ethereum is recognized by all countries; the United States, China, Russia, Europe, without exception, are intensifying efforts to cultivate blockchain talent, and the talents they cultivate are part of the 'Blockchain 2.0 era' created by Ethereum.
It is very likely that this bull market is Ethereum's legendary battle; whether out of jealousy or believing POS is useless, Vitalik has created an era. Even Elon Musk is quietly paying attention to Vitalik. When Vitalik had not posted for a while, Musk publicly asked what Vitalik was doing.