Having revealed the content of the dream, Daniel now interprets it. Nebuchadnezzar knew that since Daniel had now discerned the dream by divine revelation, he could be trusted to interpret it correctly - God had given him the interpretation.
Some treat the ten toes as a reference to ten future kings who will not appear on the scene until the time when antichrist comes. They link these ten toes to the ten horns of chapter 7. Thus a part of the fulfilment of this vision of the Roman empire is made eschatological. But we are told in verse 44 that ‘in the days of these kings’ – represented by the ten toes – ‘shall the God of heaven set up a kingdom, which shall never be destroyed.’ That is an unmistakable reference to the first coming of Christ, and cannot be moved to the end of the world. The feet and the ten toes simply mean the later parts of the Roman Empire. The empire would continue for a considerable time, but would eventually collapse as describe by Edmond Gibbon in his ‘Decline and fall of Roman Empire’. The empire fell due to a moral decay from within.