Ethereum has gotten stronger:

* Under $0.01 txfees on L2
* Two EVM L2s (
@Optimism
 
@arbitrum
) now at stage 1
* Cross-L2 wallet UX has improved a lot (eg. no more manually switching networks), though still a long way to go
* Much more powerful and mature ZK tooling making life easier for app builders
* Starting to see second-generation privacy tools (eg. 
@0xbowio
 )
* Identity/reputation/credentials ecosystem much more powerful, and starting to actually be used more and more
* Progress on STARKs leads to much clearer long-term security and decentralization story
* Much more clarity on account abstraction roadmap
* Much more clarity on block construction endgame (it seems to be down to FOCIL + APS vs multi-proposer)
* Staking decentralization stable (see comparison charts below, the "PoS is more centralized than PoW" line has proven completely false)

The fundamentals for Ethereum are actually crazy strong right now.

Official account of the Arbitrum Foundation.

https://arbitrum.io/

Exciting developments for Ethereum! Strong fundamentals pave the way for future growth.