Short-term Certainty Benefits: Spot ETF Pledge Implementation
Policy barriers have been completely cleared, and the pledge of ETH spot ETF is only a matter of time. Although the current staking yield is not very attractive, as the first compliant crypto income-generating asset, its significance is comparable to Bitcoin mining—providing a standardized channel for asset safety and appreciation for institutions and high-net-worth investors. This mechanism will significantly enhance ETH's institutional allocation value.
Mid-term Explosion Potential: RWA Ecosystem Evolution
Currently, while there are many projects in the RWA (Real World Assets) track, no disruptive applications have emerged yet. As the market naturally filters, higher quality protocols that are more compliant and scalable will inevitably emerge in the future, promoting the deep integration of the crypto economy and traditional finance.
Long-term Imagination Space: On-chain Brokerage Revolution
"On-chain Brokerage" is a concept that carries enough potential to support the market value scale of half of Nasdaq. When the core functions of traditional finance such as securities issuance, trading, and clearing are fully moved on-chain, ETH, as the leading smart contract platform, will face a valuation reassessment.
