Wu Shuo learned that Grayscale’s latest research report analyzes the potential impact of improved regulatory transparency on the blockchain industry. Grayscale believes that as relevant legal bills advance, blockchain applications—especially tokenized assets and DeFi—will see a surge, and institutional capital will first concentrate on leading chains such as Ethereum, Solana, BNB Chain, and Canton Network. The report emphasizes that, as of now, these networks have already formed a significant share in on-chain financial infrastructure and are expected to become the biggest beneficiaries after the regulatory environment improves. Other networks such as Avalanche, Arbitrum, and Tron are also viewed by Grayscale as key ecosystems with growth potential. The above reflects Grayscale’s views and does not constitute investment advice.