A recent event has gone largely unnoticed in the market. BNY Mellon (The Bank of New York Mellon) has launched a tool related to on-chain data (Digital Asset Data Insights) on Ethereum. This tool primarily broadcasts net asset value on the Ethereum blockchain to promote the on-chainization of fund accounting data. BNY Mellon is the world's largest custodian bank, with total assets under custody reaching approximately $50 trillion. Although this move to introduce on-chain data on Ethereum is relatively small, for such a traditional institution, even a simple action carries strategic considerations. This signifies that large institutions are beginning to explore future possibilities on Ethereum. A larger prediction could be that these institutions might build their own Layer 2 chains or private chains based on Ethereum's security in the future. This would allow them to leverage Ethereum's security while maintaining privacy, asset safety, and other crypto benefits (such as asset traceability and fast settlement). Previously, BlackRock also launched a tokenized fund (BUILD) on Ethereum, and custodian banks like State Street are also exploring blockchain technology applications. The continuous exploration by these large institutions reminds me of a small event I attended earlier this month in Hong Kong. During the event, IOSG's @jocyiosg asked everyone to describe Ethereum in one sentence. Vitalik (@VitalikButerin) described Ethereum as the "world computer." As before, it seems his ultimate dream remains the same: for Ethereum to support various application scenarios worldwide. At the time, my response was: As of now, Ethereum is a trustless settlement platform. If the settlement of the digital economy in the future can primarily occur on Ethereum and its ecosystem, Ethereum will already be great enough. If this vision can be realized, it would be sufficient to make Ethereum the greatest financial platform in history, supporting the most critical parts of the future digital economy. This also includes future mutual settlements between AI agents, among other things. Of course, none of this is guaranteed; it requires the Ethereum community to be sufficiently driven to achieve it, as the crypto world changes too quickly. If more and more RWA (Real-World Assets) can occur within the Ethereum ecosystem, the scale and activity level of the digital economy's transactions will far exceed what we see today. If Ethereum L1 and L2 are adequately prepared, the future will be very interesting. Coincidentally, Vitalik proposed the idea of replacing EVM with RISC-V. Skipping all the technical details for now, if this can be implemented, it could improve ZK proof efficiency by up to 100 times. This means Ethereum L1's performance would see a significant boost, making it difficult for other L1s to maintain their performance advantages over Ethereum. Of course, actual implementation would take at least 2-3 years. From this perspective, it is evident that Vitalik is proactively seeking change, which is a positive influence for Ethereum in the long term. In the short term, however, the most important thing remains applications, such as exploring multiple application tracks like AI agents. This is of utmost importance.