Executive Summary
Record-setting filings for crypto ETFs signal true institutional entry, but only purpose-built infrastructure can keep that momentum and bring large amounts of capital onchain. When ETFs fuel institutional flows, social-driven dApps energize retail, and AI agents streamline onchain workflows, the result is a market that is deeper, faster, and culturally sticky.
The next phase of DeFi will be defined not by isolated yield aggregators but by modular asset-management stacks that ins...