Everything can be chained – the dance of financial assets, institutional funds and Ethereum

This closed-door gathering of crypto stock themesVDX Exchange, EBunker, Hashkey, 0xinfini, Zheng Di, Joy Lou, AlexonMany well-known Ethereum ecological projects, institutions and investors, etc..

With the recent strong market trend and the accelerated allocation of ETFs and many listed companies, Ethereum once emerged from an “independent market trend”. The meeting conducted in-depth discussions on the core logic behind Ethereum’s strong rise, changes in the Ethereum-related industrial ecological pattern, and long-term development expectations of Ethereum.

The following is a summary of the key points of this discussion.

The core logic behind Ethereum’s strong rise

– Traditional institutional funds have become the core driving force for this round of Ethereum rise:

The treasury of listed companies led by Sharplink Gaming and Bitmine immersion accelerates the increase in allocation to Ethereum. The portrait of Ethereum holders has changed from early speculative retail investors to long-term holders, helping Ethereum break through multiple key positions in this round of rise;

– New applications, new assets, new narratives:

Stablecoins and RWA are the two largest incremental tracks for traditional institutions to enter, and Ethereum has become an inevitable choice for institutions because of its highest neutrality and security;

– Chip structure:

Ethereum has undergone a deep wash-up since 2025, and the chips have undergone in-depth turnover, which has become a necessary condition for the start of this wave of market.

Ethereum-related industrial ecological pattern changes

– Ethereum Treasury Company has become the focus of market capital attention:

In the market, Ethereum Treasury companies are still in the early arms race. Compared with Bitcoin Treasury companies, Strategy has already occupied an absolute leading position. The overall scale and leading advantages of Ethereum Treasury companies are not obvious. At the same time, many potential players in the market are queuing up to enter the market, and there is still a lot of room for growth in the overall track;

-Layer2 has become the first choice for institutions to accelerate their layout of on-chain industries:

Redeveloping a private public chain requires extremely high costs. Layer2 has become a priority for institutions to build an ecosystem based on Ethereum’s sufficient security.

Ethereum’s long-term development expectations

– From improvement of capital to the ecological prosperity of application implementation:

Stage1: Traditional funding channels such as listed companies and ETFs drive Ethereum prices to continue to be strong;

Stage2: During the interest rate cut cycle, Ethereum pledge yield surpasses the risk-free yield in the United States, and market funds further increased allocation;

Stage3: The dual positive flywheel on the asset side and the capital side drives ecological prosperity.