ETH was the top performing major token in May, with a total increase of 37% since May 1st What are the potential driving forces behind the surge of Ethereum, as there are rumors circulating among the public about the return of knockoffs? 1. Spot ETFs continue to increase in volume, with a net inflow of $286 million in the past four weeks, accounting for 23% of BTC ETF fund inflows during the same period 2. Pectra upgrade reduces hardware requirements across all nodes, accelerates synchronization, and attracts more institutions to run across all nodes Layer 2 TVL hits a new high, with TVL ≈ 36.78 billion US dollars, a year-on-year increase of 15% 4. The TVL of re pledged projects has surged, with EigenLayer TVL reaching $11.15 billion, a monthly increase of 41% 5. Zero net inflation is approaching a return, and basic deflation can still be maintained during the period of low transaction fees On June 25, Q1, the Ethereum ecosystem generated approximately $1 billion in revenue, ranking first among all public chains