Ethereum's been hitting new highs in activity, but there are some interesting undercurrents worth examining. First—what's actually pumping the usage numbers right now? Then there's the validator side: why are exits hovering near zero despite all the network demand? And maybe most intriguing, how do we interpret Vitalik's recent caution about protocol bloat as we're seeing record throughput? These aren't just academic questions. They touch on network sustainability and whether Ethereum's current trajectory is sustainable long-term.