Here's the benefit, draw an ALIGN token airdrop at the end of the article~ To be honest, no one has talked about Ethereum on my timeline for a long time. There aren't many new narratives about ETH in the market, and even I can't remember the last time I paid for mainnet gas. But recently when organizing data, there is a set of numbers that do not match this sense: The global supply of stablecoins is close to 50% on Ethereum, still ranking first among all chains; The scale of RWA on the chain exceeds 33 billion US dollars, with the Ethereum mainnet accounting for the largest proportion. BlackRock's BUIDL fund alone has 2.4 billion US dollars. What's even more interesting is that when we look at prices and on chain data together, ETH hasn't experienced an exciting market trend in recent years, but the supply of stablecoins and the scale of RWAs on the chain have been growing steadily. This at least indicates one thing: a considerable portion of the funds entering Ethereum are not for speculation, but for use. It doesn't need ETH to rise, it needs to put stablecoins, US bonds, and stocks on it so that the accounts won't be wrong and the regulatory authorities can explain it clearly. The two years when retail investors found Ethereum boring happened to be the most intense years for institutions to move their businesses inside. Why is that institution only moving now? There were two obstacles on this road in the past. Firstly, public L2 cannot be accommodated: Blockspace is shared, and a payment system cannot make users queue up for transfers just because the NFT mint next door is popular; The rules were not set by you, and there is no way to explain compliance. So we can see that recently, more institutions are choosing to use Ethereum based technology stacks to launch their own exclusive chains. Secondly, there is an account that no one can share when sending the chain. Financial settlement cannot afford the 7-day challenge period and can only use ZK rollup, which generates proof for each batch of transactions and submits it back to Ethereum L1 for verification. L1 native validation is slow and expensive, and each proof individually validated in L1 consumes a lot of gas. You have a separate chain, and you pay the full amount for each batch of proofs separately. I call it 'verification tax': Chain sending is one-time, verification tax is lifelong. @The aligned layer received this bill. It is a one click technology stack that allows fintech to integrate and launch products on Ethereum in one go. I am most concerned about the part of the entire stack that is already running on the mainnet: Proof Aggregation Service, which was launched in Mainnet Alpha in January this year. It can aggregate multiple proofs in batches and then perform on chain verification, significantly reducing verification costs. Currently, it is fully integrated with Ethrex. The key lies in economies of scale: the verification tax for self built chains is always full, hanging on the aggregation layer, and the more chains connected, the thinner each one is spread out. The service provided by Align is not about a single chain, but about the verification cost issue that all Rollups face together. The scale effect of Proof Aggregation will gradually become apparent when more exclusive chains emerge. Let's take a look at the other building blocks in the stack again: the MVP of Wallet-as-a-Service was launched in March, and users can log in with Google or Face ID without using mnemonics, plugins, or gas payments. What they receive is a real Ethereum wallet - the official statement is that users do not need to know that they are using crypto; In RaaS development, supported by Ethrex, the project can issue exclusive chains and use its own gas tokens without competing with anyone for blockspace; ZkVM, also known as LambdaVM, is jointly built by 3MI Labs and LambdaClass to generate proof of execution for each transaction on the chain. Its security directly inherits from Ethereum and does not require trust from any third party. So what opportunities do individual investors have? The most direct layer is that ALIGN has not yet achieved TGE. ERC-20， The total amount is fixed at 10 billion, with an initial circulation of about 16%, and the official timeline is uncertain. Compared to guessing the opening price, I am more concerned about what it has already run before TGE: the Proof Aggregation Service has been launched on the main network, and the proof aggregation volume and access progress are traceable. Waiting for the token to enter circulation is the fundamental basis for determining whether the valuation can stand firm. Old players who have registered for Genesis or played ZK Arcade can go to the official checker（ http://community. (alignedlayer. com) Confirm the quota. Others also suggest using their own wallets to check if they meet the eligibility criteria; If there is no quota, there is no need to regret, and do not believe any "supplementary registration" rhetoric. Looking further ahead, the allocation table shows that the ecosystem accounts for 18% and Future Provisions accounts for 16.61%, totaling over one-third of the chips. The official has not yet stated how to use them. This type of project TGE is usually the most action intensive window, following the official channel of @ alignedlayer is much stronger than picking up information from second-hand news afterwards. The last layer is not only related to the project itself: institutional blockchain is a B2B dark line, and individual investor sentiment indicators cannot be captured at all. Looking at settlement data without looking at coin prices is more valuable than any individual project. Ethereum does not lack security, what it lacks is a toolchain that allows institutions to directly implement their business. What Align wants to do is this layer. NFA，DYOR。 The project team has sent out a token airdrop. Follow @ alignedlayer, like the tweet, leave the EVM address, and the lottery will be held one day later~