The evolution of who holds $ETH tells you everything about where we're headed.
> 2015: Just devs & cypherpunks building something new
> 2017: ICO boom brought retail rushing in
> 2020: DeFi made ETH productive (suddenly VCs and family offices cared)
> 2022: L2s scaled it, macro funds noticed, companies started treasury allocations
> 2024: ETF approved. Your financial advisor can finally recommend it
Next wave will be pension funds adding billions + Central banks adding to reserves.
We've gone from ‘Magic internet money’ to ‘Core financial infra’ in under a decade. Each new buyer class makes the previous one look early.
Which brings me to the strong infra plays I'm watching this cycle👇
▫️ Lending protocols
@MorphoLabs (Coinbase-backed)
@0xfluid & @eulerfinance (one-click degen plays)
@aave (the REAL king)
▫️ Yield plays
@pendle_fi (yield marketplace)
@ethena_labs (stablecoin powerhouse)
@LidoFinance (liquid staking infra)
@maplefinance (RWA using private credit)
@Mantle_Official @arbitrum (TradFi x DeFi hubs)
When pension funds buy ETH, they'll need somewhere to earn yield. That's where these protocols win.
Infra over speculation. ALWAYS.
4.9K
50
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.