以太坊的成敗時刻：它可以恢復其優勢嗎？

以太坊不在危機中，但正在漂流。曾經是去中心化創新的首選平台，現在發現自己落後於更快，更快的競爭對手。

Ethereum isn't in crisis, but it's certainly at a make-or-break moment. Once the go-to platform for decentralized innovation, Ethereum now finds itself lagging behind newer, faster competitors.

以太坊不在危機中，但這肯定是在一個或破壞的時刻。以太坊曾經是去中心化創新的首選平台，現在發現自己落後於新的，更快的競爭對手。

Bitcoin has surged past 60% dominance, and ETH is still far from reclaiming its former highs. Meanwhile, Ethereum's share of the overall market has quietly sunk to its lowest in half a decade, as Chainalysis data reveals.

比特幣已經飆升了60％的統治地位，ETH仍然沒有收回以前的高點。同時，正如Chainalysis數據所示，以太坊在整個市場中的份額已悄悄地沉沒到五年之內。

According to David Hoffman of Bankless, Ethereum's current challenges are not a lack of technology, but rather an imbalance in structural priorities and cultural inertia.

根據Bankless的David Hoffman的說法，以太坊目前的挑戰不是缺乏技術，而是結構優先事項和文化慣性的失衡。

Years of prioritizing long-term research and Layer-2 scaling have left its core Layer-1 relatively neglected. Rollups have helped ease congestion and enable new use cases, but they've also fragmented the ecosystem and diluted mainnet activity.

多年的長期研究和2層縮放的優先級已經使其核心1層相對忽視。捲捲有助於緩解擁堵並實現新的用例，但它們也分散了生態系統並稀釋了主網活動。

However, according to sources within the Ethereum Foundation, a shift in focus back to the base layer is now underway. Upgrades like Glamsterdam aim to drastically increase gas limits, allowing for a 100x throughput increase without sacrificing decentralization. Zk-based systems are also being explored for further performance enhancements.

但是，根據以太坊基金會內的消息來源，重點向基礎層轉移到基礎層中。像Glamsterdam這樣的升級旨在大幅度增加氣體限制，從而使100倍的吞吐量增加而不犧牲分權。還正在探索基於ZK的系統，以進一步提高性能。

But technical changes alone won't solve Ethereum's broader identity problem. Its slow decision-making and lack of clear leadership have fueled internal stagnation.

但是，僅憑技術變化並不能解決以太坊的更廣泛的身份問題。它的決策緩慢和缺乏明確的領導能力加劇了內部停滯。

Critics argue that Ethereum's research-driven environment has often neglected usability and speed—two areas where newer chains have excelled in catering to user needs.

批評家認為，以太坊的研究驅動環境經常忽略了可用性和速度，這兩個領域在滿足用戶需求方面的新連鎖店已經出色。

To counter this, Ethereum is adjusting its course. A more product-focused mindset is emerging, with new leadership at the Foundation and shorter development roadmaps being planned.

為了解決這個問題，以太坊正在調整其過程。正在出現以產品為中心的心態，併計劃在基金會上進行新的領導力，併計劃了較短的發展路線圖。

Interoperability between Layer-1 and Layer-2 is being streamlined, and initiatives like the Pectra upgrade aim to improve user experience, cut costs, and re-energize the ecosystem with new DeFi protocols and dapps.

第1層和第2層之間的互操作性正在簡化，諸如Pectra升級的旨在改善用戶體驗，削減成本並使用新的DEFI協議和DAPP重新激發生態系統的計劃。

Ethereum still holds massive potential, but only if it can evolve with the times. The next year may decide whether it regains its edge or continues to slip in a rapidly shifting landscape.

以太坊仍然具有巨大的潛力，但前提是它可以隨著時間的流逝而發展。第二年可能會決定它是恢復優勢還是在迅速變化的景觀中繼續滑倒。