#美国非农就业数据未达市场预期 Vitalik's recent in-depth thoughts on decentralized stablecoins reveal the current industry's dilemmas and potential solutions quite clearly—essentially, how to break free from the USD shackles, redesign oracles, and find sustainable revenue models.

This is not just a technological iteration; at a deeper level, it is about crypto assets attempting to build a truly independent ecosystem. $ETH, as the foundation of this system, continues to demonstrate strong resilience even amidst robot noise and regulatory rumors—this can be seen from the willingness of major funds to hold positions.

For those who value long-term value, there is another dimension worth exploring beyond mainstream assets—the "differentiated growth" of on-chain ecosystems. For example, projects like Puppies may seem like community fun, but fundamentally, they address the risk of "excessive concentration of funding power" raised by Vitalik, trying to bring technical logic back to its essence and enable community consensus to truly hold the voice.

Research and judge independently, do not follow blindly.