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Ethereum's positioning has been evolving continuously. Last year, some people redefined Ethereum as a decentralized settlement layer, but this idea was actually discussed as early as 2014. At that time, founders and core developers like Gavin Wood were exploring Ethereum's role as underlying infrastructure. Interestingly, these early concepts have been validated in today's market reality — from DeFi, Layer 2 to Staking ecosystems, Ethereum indeed serves as a settlement and trust foundation. However, this rephrasing might just be a more academic way of describing its core functions all along.