#稳定币支付与基础设施 Seeing the news that Ethereum has upgraded from an experimental network to a global infrastructure, my first reaction is: finally, the moment we've been waiting for.

I remember a few years ago, many projects claiming to be "revolutionary infrastructure" were just pulling the wool over investors' eyes, promising dazzling results, only to have the project teams run away, smart contracts with vulnerabilities, and liquidity drained—I've seen too many such dramas. So when I see Ethereum validating itself with hard data, it's not blind excitement but a sense of reassurance.

The key points here are: the total supply of stablecoins surpasses $300 billion, annual transaction volume reaches $46 trillion, and Ethereum holds a 54% market share. This is not hype; it reflects real payment demand. Institutions like JPMorgan and BlackRock are not just speculating on-chain; they are deploying products on the Ethereum mainnet, indicating that the infrastructure is already reliable enough.

But this is also the easiest time to fall into traps. As the ecosystem prospers and capital flows in, new projects will multiply. Many small tokens claiming "stablecoin payment revolution" or "next-generation infrastructure" will emerge—many of which are not sustainable. My advice is: look at trading volume, institutional users, and network security audit records. Don't be blinded by stories.

Real infrastructure is boring, stable, and runs repeatedly. If it sounds exciting and highly profitable, it's often not infrastructure but a trap.