The on-chain validator exit queue on Ethereum has dropped to zero, allowing investors to withdraw at will, demonstrating renewed market confidence. The amount of Ether staked in the staking contracts has reached 36 million, hitting a new high. Transaction activity has increased to 2.885 million transactions, but transaction fees remain low, reflecting improvements in the network architecture. Ethereum's application value has become a new focus, with the market gradually shifting its attention to fundamental yield.