Opportunities in the Ethereum Ecosystem

Source: Blockchain Insights
1. Have the positions of Bitcoin and Ethereum changed in my portfolio?
The allocation of these two assets in my portfolio has not changed significantly, with the combined percentage always exceeding 60%.
2. The ETHS community is constructive, moving in a favorable direction. Should we consider buying back?
Individual communities revolving around ETHS (such as Ethscriptions, Facet, etc.) are promising. However, as I have previously stated, the development of Ethereum’s NFTs is currently too isolated, with few prominent projects.
A recent positive development is that the Ethereum Foundation has provided some sponsorship to the Ethscriptions team closely associated with ETHS, hoping for significant progress in the Ethereum NFT space.
Nevertheless, even with outstanding individual projects, it is challenging to sustain an ecosystem, especially when the existing projects related to ETHS are not particularly exceptional.
Therefore, I have not purchased a large amount of ETHS, but instead provided liquidity on facetswap to stay engaged with the facet ecosystem.
3. The Cancun upgrade has paved a highway for ETH, promising new gameplay soon.
I strongly agree with this perspective.
Only when the tide recedes can we see who is swimming naked. After this period of adjustment, when all assets settle down and market frenzy subsides, upon reevaluating the current cryptocurrency ecosystem, we can observe that Ethereum’s infrastructure is the most robust among the major blockchains, excelling in the impossible trinity (decentralization, scalability, and security).
With the second-layer scaling solutions, the Ethereum ecosystem can now support applications with significantly higher speed and lower fees compared to the previous cycle.
The focus of the cryptocurrency ecosystem in the near future should be on innovation and development in application endpoints.
Currently, the cryptocurrency ecosystem lacks breakout applications. However, once new applications and scenarios emerge, I believe they will first appear in the Ethereum ecosystem.
4. What is DAI? Why are Ethereum’s transaction fees called WEI? Who is a Chinese person, does anyone know him?
Regarding WEI DAI, I have previously discussed him in a dedicated article. He is indeed from mainland China. In an English article on his personal website, he described his grandfather’s harrowing experience in mainland China from 1965 to 1975.
This experience fueled his relentless pursuit of decentralization. In the decentralized world he envisioned, the primary issue to address was decentralized currency issuance, leading him to write the paper quoted by Satoshi Nakamoto.
However, he shifted his focus from the cryptocurrency ecosystem to research on ethical governance of artificial intelligence thereafter.
5. Starting with a $60 investment in Bitcoin, the price is not low but acceptable. I believe the bull market is not over. If it ends, I will extend my investment timeline and wait for the next cycle, always investing only spare funds.
While I have reservations about this reader’s approach due to the slightly high operational costs involved, I still appreciate their strategy. They are fully aware of the risks and rewards of their actions and, most importantly, know how to mitigate risks (only investing spare funds).
If such investors persist in their practices, endure through a couple of bull and bear cycles, they will undoubtedly mature into seasoned investors and achieve their desired returns.