According to Vitalik Buterin, Ethereum's ecosystem is showing significant improvements. Transaction fees on Layer 2 solutions are now under $0.01. Two Ethereum Virtual Machine (EVM) Layer 2s, Optimism and Arbitrum, have reached stage 1. The user experience for cross-Layer 2 wallets has improved, eliminating the need for manual network switching. Additionally, Zero-Knowledge (ZK) tooling has become more powerful and mature.