"The $12.6 trillion Repo market quietly migrating to Ethereum, seemingly nobody is talking about it" (Author: Eli5DeFi, compiled by AididiaoJP, Foresight News) The so-called "Repo" refers to the agreement to buy back bonds, a protocol. Every day, banks, hedge funds, money market funds, and brokerages operate this type of transaction variant to manage liquidity; by April 2026, the total market capitalization of the entire crypto market is approximately $2.7 trillion. The daily turnover of the repurchase market is almost ten times the total market value of all crypto assets; as more institutional activities settle on Ethereum and institutions park idle liquidity in ETH-denominated yield tools, ETH staking yields (about 3.8% for independent stakers) are becoming the on-chain risk-free interest rate. Read more: