From Consensus Hong Kong to Ethereum Denver: Industry Transformation and Future Outlook

Recently, the cryptocurrency industry has undergone a series of important meetings and events, from the Hong Kong Consensus to the Denver Ethereum Conference, showcasing the complex situation of the industry and future development trends.

After the Consensus Hong Kong conference, many people felt disappointed about the industry's prospects, believing that a bear market has arrived. At the same time, short-term traders and opinion leaders have become the focus, with their trading strategies and views sparking heated discussions. The prevalence of this short-termism reflects a shift in the current industry values.

In contrast, the Ethereum ecosystem appears to lack vitality. Long-term holders are starting to turn to other platforms, and entrepreneurs are facing challenges. This situation has raised questions about Ethereum's leadership and concerns about whether the industry is moving toward speculation.

At the Denver conference, founders of infrastructure projects were generally pessimistic, while those in the application and artificial intelligence sectors remained optimistic. Many projects that have long focused on the Ethereum ecosystem are facing a survival crisis and need to rethink their strategies and product positioning.

However, the integration of artificial intelligence and Web3 has brought new vitality to the industry. Several innovative projects were showcased in Denver, demonstrating the potential of the combination of these two fields. Meanwhile, the improvement of the regulatory environment in the United States has sent positive signals to the industry, potentially creating favorable conditions for market development in the next two years.

Ethereum is facing the challenge of governance restructuring. The new organizational adjustments aim to promote Ethereum's development towards mainstream and commercialization. The appointments of key individuals and the establishment of new teams reflect Ethereum's efforts to adapt to the demands of the new era.

Despite facing numerous challenges, Ethereum is still regarded as the cornerstone of the Web3 industry. It is actively exploring Layer 2 solutions and technological upgrades to meet the growing demand for applications. However, at the current stage, application development may be more important than technological research and development.

More support and contributions are needed for the future of Ethereum and the entire industry. We call on successful organizations in the industry to support the open-source ecosystem and young entrepreneurs. At the same time, maintaining a long-term perspective and an optimistic attitude is crucial for the sustainable development of the industry.

Despite current challenges and doubts, Ethereum still has the potential to achieve significant breakthroughs and innovations in the next decade. In this transformative period, maintaining confidence and vision will be key.