#以太坊生态发展 Recently, I've been observing discussions around $LIT token distribution and Ethereum governance, and I’d like to share some thoughts with everyone.

The distribution structure of $LIT is indeed quite thought-provoking—50% allocated to the team and investors, and 50% to the ecosystem. This ratio has sparked quite a bit of controversy within the community. Some say it’s a typical VC-led model, while others defend it as a reward for early risk takers. But I believe the key issue isn’t the ratio itself, but rather the **transparency of value accumulation**. The project emphasizes potential buybacks in the future but doesn’t provide concrete implementation paths. This ambiguity often amplifies market concerns.

In comparison, Hyperliquid allocates a higher proportion for future airdrops (42.8% vs 25%), indicating that different projects have varying understandings of community participation. In the long run, the way tokens are distributed essentially reflects a project’s attitude toward **community trust and sustainability**.

What’s even more interesting is Vitalik’s recent thoughts on the balance of power. He emphasizes not just simple wealth redistribution, but controlling power concentration through decentralized governance structures. This actually addresses a deeper question: **How can Web3 projects scale while maintaining their decentralized essence?**

Ethereum’s decade-long uptime is rooted in its pluralistic design—this isn’t just a catchy slogan but a real technological and governance choice. When evaluating any project’s token distribution, it’s worth considering from this perspective: does it strengthen or weaken the ecosystem’s long-term resilience?

That’s also why I’ve always believed that a good Web3 project ultimately isn’t about short-term revenue figures or token prices, but about whether it can build a truly **sustainable and inclusive value accumulation mechanism**. 2026 will be a testing period for many projects, and I look forward to seeing more projects demonstrate this through action.