I feel that the two chains that have gained momentum in this wave of Ethereum are basically public chains of exchanges, such as Base and BNB Chain. The former has attracted many projects in North America through strong business and resource integration, and Ethereum VCs are generally willing to invest.

The latter has also attracted many Chinese and Southeast Asian projects through Binance and KOL traffic, but VCs are generally Asian, and they will open some community or KOL rounds to tie everyone to the car.