🧐 A year ago, during the most challenging time for Ethereum $ETH when there was widespread FUD, I wrote this perspective, which is now slowly coming true—

This time, the Base mainnet experienced downtime for 50 minutes. While this isn't particularly long, considering it is an extension chain of Coinbase, a compliant exchange in the U.S., the impact and symbolic significance far exceed the technical aspects.

The official team did not immediately disclose the reason, only stating that "recovery is complete";

Thanks to @_FORAB for providing the data below:

The chart shows that almost all mainstream public chains have a history of "going down" in the past three years, especially Solana, which has experienced multiple outages lasting several hours, even over 8 hours.

We all know that when on-chain protocols and asset trading are paused, it means a shake in the foundation of trust, especially for high-frequency interaction scenarios like DeFi, RWA, and blockchain games, which is a fatal blow.

So, the biggest beneficiaries of such events are precisely the Ethereum main chain (ETH L1), known for being "as steady as a rock." This is also the main reason why I firmly supported Ethereum when everyone else was FUDing it during the bear market, thinking $ETH was not viable—

The ETH main chain has never gone down due to system issues since its operation. It may not be the fastest or cheapest chain, but it is the most reliable and secure infrastructure—this is extremely important for institutions and large funds!

I also agree with @_FORAB's viewpoint that institutions and Wall Street operate with a banking mindset; they cannot accept sudden outages and lack of transparency;

Currently, only Ethereum meets the risk control requirements at the Wall Street level; in the future, ETH L1 will resemble "the U.S. Treasury of blockchains," rather than just a public chain. If you want to thoroughly understand this issue, you won't fear the short-term fluctuations in Ethereum's price!

A year ago, during Ethereum's toughest time, I wrote this sentence, and it still holds true:

When all chains are pursuing speed, performance, and experience, ETH chose to be slow and steady, but when accidents frequently occur, ETH's restraint has become the hallmark of the strongest asset!

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