Opportunities in the Ethereum Ecosystem

Source: DaoShuo Blockchain
1. Have the proportions of Bitcoin and Ethereum in my portfolio changed?
The proportions of these two assets in my portfolio have not changed significantly, and together they have always accounted for over 60% of my holdings.
2. The ETHS community is very constructive, heading in a favorable direction. Should I consider buying back in?
The individual communities that have developed around ETHS (such as Ethscriptions and Facet) are promising. However, as I have mentioned before, the development of Ethereum’s NFTs is currently quite isolated, with few notable projects.
Recently, there has been some positive news as the Ethereum Foundation has provided sponsorship to the Ethscriptions team, closely related to ETHS. Hopefully, this team will make significant progress in the Ethereum NFT space.
However, even with outstanding individual projects, it is challenging to build an ecosystem around them, especially considering that the existing projects related to ETHS are not particularly exceptional.
Therefore, I have not significantly increased my holdings in ETHS; instead, I have provided some liquidity on facetswap to stay engaged with the facet ecosystem.
3. The Cancun upgrade has paved a highway for ETH, opening up new possibilities soon.
I fully agree with this viewpoint.
It is only when the tide recedes that we can see who has been swimming naked. After this period of adjustment, when all assets have settled, and the market hype has subsided, we can observe that among the major public chains, Ethereum has the most robust infrastructure. It excels in the impossible triangle (decentralization, scalability, and security).
With the second-layer scaling solutions, the Ethereum ecosystem can now support applications that are faster and cheaper by an order of magnitude compared to the previous cycle.
The focus in the crypto ecosystem for the next period should be on innovation and development at the application layer.
Currently, the crypto ecosystem lacks killer 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 transaction fees called WEI? Who is this Chinese individual?
I have previously introduced WEI DAI in a separate article. It is certain that he hails from mainland China. In an English article on his personal website, he describes his grandfather’s harrowing experiences in mainland China between 1965 and 1975.
It was these experiences that fueled his relentless pursuit of decentralization. In the decentralized world he envisions, the primary issue to address is decentralized currency issuance, which is why he penned the article quoted by Satoshi Nakamoto.
However, after that, he ceased his research on the crypto ecosystem and shifted his focus to the ethics and regulation of artificial intelligence.
5. Starting a DCA strategy with $60 into a large-cap coin, while the price is not low, it is acceptable. I believe the bull run is not over; if it is, I will extend the DCA period and wait for the next cycle, always investing only spare funds.
While I have reservations about this reader’s approach due to the somewhat high operating costs involved, I still admire their strategy. They are clear about the risks and rewards of their approach and, most importantly, know how to mitigate risks (only investing spare funds).
If investors like this reader persist in practice and self-improvement, enduring a couple of bull and bear cycles, they will undoubtedly become very seasoned investors and reap ideal returns.