The trading volume of Ethereum (#以太坊交易量反超比特币 ) has surpassed that of Bitcoin, marking a significant shift in the landscape of the cryptocurrency market. From a technical perspective, Ethereum continues to upgrade; for example, after the Pectra upgrade, Layer 2 solutions have reduced transaction fees and increased throughput. From the application ecosystem standpoint, Ethereum's DeFi protocols, NFTs, and other applications are thriving, attracting substantial capital and users. Although Bitcoin holds the status of 'digital gold', it is somewhat lacking in trading activity and application diversity.