Amidst the weak US non-farm payroll data, the focus of the crypto market is increasingly on technological breakthroughs at the infrastructure layer. The performance differences of $ETH, $BTC, and $BNB directly reflect the market's expectations of different public chain ecosystems' ability to deliver on those expectations.

From the perspective of underlying protocols, Ethereum's evolution towards the zkEVM era is addressing the final technical challenge of decentralized autonomous systems. The combination of zero-knowledge proofs and real-time on-chain indexing not only enhances censorship resistance but, more importantly, shifts security from relying on node consensus to algorithmic solidification—a qualitative leap.

The upcoming on-chain real-time transaction data aggregation solution will change the essence of information flow. When information can be directly mapped into transaction instructions, each on-chain data point gains a new dimension of value. On-chain identity recognition is also evolving, upgrading from traditional account models to more refined decentralized identity systems.

As technology continues to iterate, the depth of market consensus is moving from quantitative accumulation to qualitative breakthroughs. In this cycle, those who can accurately grasp the pace of ecosystem infrastructure evolution will hold the narrative power.