The victory of infrastructure is never about short-term rent collection but about becoming an indispensable foundation. Bitcoin is a store of value, while Ethereum is becoming the 'decentralized global settlement layer.' Ethereum's activity has reached a new all-time high, yet its transaction fees are at historic lows. Even though $ETH is undervalued, more people are using applications on Ethereum than ever before. Many criticize $ETH because L2 and scaling solutions make it harder to capture fees. However, if you look at this issue from a 5- or 10-year perspective, this is the true path to winning the future. Win fees in the short term, lose the future. Lose fees in the short term, win the future. What would you choose?