If ETH's ETF is successfully passed, projects in the ETH ecosystem will also benefit, and the increase may exceed ETH. Therefore, we should focus on it.
Layer2: arb, op, strk, metis, manta
arb has the highest TVL and the largest number of Dapps among all projects. However, arb's pull is relatively weak, and there have been a lot of unlocks recently.
The advantage of op lies in the super chain ecosystem formed by the op stack, which has gathered a large number of excellent projects and capital. Historically, op's pull is stronger than arb, which may be the preference of funds.
strk is the layer2 of zk core, and its ecological suggestions and users are not as good as the first two. However, its circulating market value is lower than arb and op, and it has been falling all the way after listing, and there has been no decent rebound.
metis was a hot topic for some time before. It started as a decentralized sorter, and it also had a very large callback after listing on Binance.
manta is a representative of layer2 created modularly. The team is very hard-working, the ecological project is developing very rapidly, and the circulating market value is only 400 million US dollars, which is the lowest among them.
LSD: LDO, SSV, PRL
The LSD protocol is mainly a node-related staking service that appeared after ETH Shanghai upgraded from POW to POS. LDO is the largest service provider, with the highest TVL in the entire network and a circulating market value of 2 billion.
SSV is the infrastructure setting of distributed nodes, and its recent performance is not bad.
Defi: Pendle, uni, aave, comp, crv, mkr
Due to the maturity of Defi, this cycle is basically based on previous upgrades, and the degree of innovation is not enough. Relatively innovative is Pendle, which separates tokens into principal and interest for trading future income. Pendle was also affected by the double-fly of TVL and coin price some time ago. Click the main leaf to follow the official account: Bifangshe, free entry
Stablecoins based on ETH collateral: ENA, LBR
There are many ways to issue stablecoins. One of them is the issuance of collateral assets, and the largest collateral asset is undoubtedly ETH. After LSD and Restaking, the project party will use the collateralized ETH to obtain liquidity income. Such stablecoins have a natural yield. At the same time, the project party will carry out some token incentives, as well as dividends from minting and borrowing, etc., so the annual income will be very considerable.
LBR, which was popular in 2023, is one of them. The foundation of Binance's launchpool project Ena this year is also the same, and Ena uses hedging derivatives positions to maintain the value of collateral assets.
Restaking: REZ, ETHFI
Restaking should be a bright spot in this round of ETH market
1) New sector, market funds tend to speculate on new sectors
2) Small market capitalization, of which ethfi's market capitalization is 460 million US dollars, and rezon's market capitalization is 150 million US dollars
3) Eigenlayer is the leader, the number of airdrops has been determined, and the time for listing is not far away.
