Big changes always arrive quietly, taking shape before you even notice.

By the time you clearly feel it, the cycle has already entered the middle stage.

We are entering a new super cycle—AI and cryptography are not just existing separately, but truly merging together. Not as a buzzword, nor as a narrative framework, but as an infrastructure layer.

Ethereum has taught the world one thing: when you build the foundation solidly, the ecosystem above will naturally flourish. This logic is now being replayed, but this time it’s the combination of AI computing power and on-chain verification. Infrastructure comes first, followed by applications. This is the essence of the cycle.