Ethereum (ETH) is increasingly recognized as a pivotal asset in the global economy, often compared to both digital gold and digital oil. The cryptocurrency is seen as a multi-trillion dollar asset that underpins decentralized finance (DeFi) and is essential for the future of finance. Currently, 97% of all Ethereum transactions occur on Layer 2 (L2) solutions, which are gaining traction despite concerns over their centralization. Industry leaders emphasize the need for better coordination within the developer community to enhance Ethereum's Layer 1 (L1) and L2 ecosystems. Discussions are ongoing about increasing Ethereum's gas limit, which currently stands at 30 million, to facilitate higher transaction volumes while maintaining decentralization and security. The community is advocating for a careful approach to scaling, with a focus on preserving Ethereum’s core values amidst the growing demand for its capabilities in traditional finance (TradFi) and technology sectors.