#以太坊生态系统发展# Looking back at the development of the Ethereum ecosystem over the years, I can't help but feel a mix of emotions. Recently, I've seen news about two companies massively increasing their holdings of ETH, which reminds me of the bull run in 2017. At that time, many projects were raising ETH, causing the market to go crazy. Now, institutional players like ETHZilla and BitMine are getting on board, holding billions of dollars in ETH, which is astonishing in scale.

This phenomenon seems to herald a new round of ecological prosperity. But we must not forget the lessons of history. The crash following the ICO frenzy and the fork turmoil of TheDAO event both dealt heavy blows to the ecosystem. Does the current prosperity also hide risks? Will the concentration of large funds affect decentralization? These are all worth our deep reflection.

In the long run, the entry of institutions will undoubtedly promote the maturity and scaling of the ecosystem. However, at the same time, we must be vigilant about the potential centralization trends that may arise. The future of Ethereum ultimately depends on the joint maintenance by a large number of developers and ordinary users. I hope this round of development can truly solidify the foundation rather than repeat past mistakes. After all, the original intention of blockchain was never to cater to capital.