DeFi+AI, the narrative of Ethereum continues again

Chalom said that Ethereum treasury companies are shifting from a mimicking strategy to one focused on staking returns and a lean balance sheet, reducing leverage—so only a limited number of players will survive the bear market. He cited BlackRock’s description of Ethereum as a “tokenized toll road,” and noted that the NYSE/NASDAQ push for 24-hour trading and the DTCC’s exploration of tokenized collateral will drive tokenized assets into traditional finance. In the future, as stablecoins, tokenized assets, DeFi, and AI applications expand, Ethereum will take a different path from Bitcoin.