You may have heard these sayings:
Solana is about to overtake Ethereum
Ethereum transaction fees are high and the ecosystem is declining
Ethereum upgrades too slowly, lacks narrative, and cannot support the price of the currency...
But is it really like that?
If you are an OG who entered the circle in 2017, you may still remember the encryption experience of that year: fast transactions, low fees, simple operation, and no need to switch chains for wallets. Everything is simple and direct.
Today, Ethereum is returning to a simple and powerful user experience - and even going a step further. Just as the Qin Shihuang era same track for vehicles and same writing for books, Ethereum is reshaping the underlying structure with a modular strategy: the main network focuses on security and settlement, while Layer 2 carries performance and experience.
Can you imagine:
Are smart contract wallets becoming more popular?
Is the transfer fee on Ethereum less than 1 cent?
Do you want to enjoy the smooth application experience of Web2 on the chain?
All of this is happening. Technologies such as Rollup, EIP-4844, and account abstraction are building a smooth, flexible, secure, and unified Ethereum .
The cornerstone of trust: the unshakable Ethereum mainnet
We observe that although high-frequency trading is flowing to Layer 2 and TRON’s share in stablecoins is rising, the Ethereum mainnet is still the core gathering place for capital, protocols, and developers.
1. Data shows: Economic dominance
On-chain data doesn’t lie. Ethereum’s total locked value is about $62 billion, far exceeding other blockchains; its stablecoin market value exceeds $126 billion, making it the world’s largest stablecoin issuance and circulation network; its ecosystem is the main contributor to the hundreds of billions of dollars in monthly trading volume of decentralized exchanges (DEX).
2. Strategic shift: towards a secure foundation of trillion-dollar assets
At present, Ethereum, as the vision of world computer, has already found the first landing scenario world ledger - focusing on becoming the most neutral and secure settlement layer for global finance and digital assets. The trillion dollar security plan proposed by the foundation aims to build it into a solid foundation that can carry assets of the entire UK stock market, paving the way for everything on the chain (World Onchain).
3. Institutional entry: Traditional finance is building its future on Ethereum
From JPMorgan Chases JPM Coin, to Franklin Templetons on-chain fund, to BlackRocks BUIDL, Wall Street is building its future on Ethereum. The implementation of regulatory frameworks such as MiCA (Markets in Crypto-Assets Regulation, the EU Crypto Market Regulation) has also cleared the way for the large-scale entry of compliant funds.
Growth Engine: Layer 2 Explodes
Ethereum expansion has gone from concept to reality, and a new division of labor is taking shape in the blockchain world:
1. Costs drop sharply, and transaction volume exceeds the main network
Today, the combined daily transaction volume of mainstream Layer 2s such as Base, Arbitrum, and OP has far exceeded the main network. The key is that the cost has dropped by 10 times or even 100 times. This makes free trading a business vision. With brokerages such as Robinhood entering the tokenized stock market, Layer 2 will usher in a wave of higher-frequency and more diverse transactions.
2. Dencun upgrade, opening up a dedicated highway for Layer 2
The Dencun upgrade introduced Blob, a temporary data space designed specifically for Layer 2. It is independent of the expensive permanent storage of the main network, which reduces the cost of data publishing on Layer 2 by 100-200 times, which is a key part of the expansion revolution. Subsequent technologies such as PeerDAS and ePBS will further broaden this data highway.
The Revolution of Experience: Account Abstraction, the Last Mile to the Mass Market
If Layer 2 solves the problem of expensive, then account abstraction is committed to solving the problem of difficult to use. This is the last hurdle for Web3 to welcome the next billion users.
The goal of account abstraction is to turn your wallet into a programmable smart account to bring a disruptive experience:
1. Say goodbye to gas fee worries
In the future, when using DApp, you no longer need to worry about Gas and buying ETH. Through the Paymaster mechanism, DApp can pay Gas for you, or you can pay directly with stablecoins such as USDT. Transactions are as natural as breathing.
2. End mnemonic anxiety
Forget about the scary mnemonic phrase! With social recovery (verified by friends and family) or email recovery (via zk-Email technology), recovering your account will be simple and secure.
3. Web2-level smooth login and payment
Say goodbye to the tediousness of pop-up windows and signatures for every operation!
Passkey: Use your face or fingerprint to authorize transactions directly, making complex concepts such as private keys and signatures completely invisible.
Session key: When playing blockchain games or high-frequency operations, you can authorize once and play unlimitedly within the specified time without being interrupted by frequent signatures.
Unified Map: When “Islands on the Chain” Connect to Become a Continent
Having solved the problems of “expensive” and “difficult”, the final challenge facing the Ethereum ecosystem is fragmentation. Assets and identities are trapped on different Layer 2 islands, and the cross-chain experience is still complex and slow.
Interoperability technology is the key piece of the puzzle to connect these isolated islands and build a unified continent.
Intents: From “how to do” to “what to do”
In the future, you no longer need to worry about the tedious cross-chain steps. You only need to express your ultimate goal, such as I want to use 100 USDC on Arbitrum to exchange as much ETH as possible on Base. The professional Solvers in the system will automatically calculate and execute the optimal path for you. The whole process is completed in the background, and you will not feel it at all.
Shared Sequencers: Making cross-chain operations atomic
It can ensure that a complex cross-chain transaction (such as cross-chain arbitrage, lending) is either completely successful or completely failed, completely eliminating the risk of asset loss in the cross-chain process and providing a solid foundation for complex cross-chain applications.
Cross-Chain Session Keys: The Ultimate Combination of Account Abstraction and Interoperability
With one authorization, DApp can automatically perform tasks for you on multiple chains. Imagine that you can automatically stake your idle assets on multiple Layer 2s to the highest-yielding protocol on the entire network with one click.
The ultimate experience in the future will be: in imToken, you pass a fingerprint verification and initiate an intention. Then, Paymaster will advance the Gas for you, Solver will plan the path, shared sorter will ensure security, assets will flow seamlessly between multiple Layer 2s, and finally the settlement will be completed on the Ethereum mainnet.
The front end is as smooth as Web2, and the back end is a highly coordinated modular network. This is Unified Ethereum.
Welcome to Unified Ethereum
Unified Ethereum is no longer a future, it is already here. The mainnet guarantees trust, Layer 2 provides performance, account abstraction opens the door, and interoperability technology connects everything seamlessly.
In this new paradigm, Web3 wallets such as imToken will play more than just a wallet. They will also be an intelligent entrance to a unified ecosystem, a personal assistant for managing programmable accounts, and a reliable guide for obtaining the best experience in a multi-chain world.
We are standing at the starting point of a brand new value Internet - it is unified, open, and easy to use like never before.
