Ethereum Layer 1 (L1) is witnessing a revival, bolstered by significant activity from major DeFi projects like Synthetix and Aave. These protocols are enhancing Ethereum's position as a central infrastructure for decentralized finance. Concurrently, blockchains such as Ronin, Celo, and Phala are migrating to Ethereum Layer 2 (L2) solutions to capitalize on Ethereum's robust security and liquidity. This trend indicates a growing preference for building on Ethereum rather than competing against it.