Previously on ZKS's DEX, @izumi_Finance pivoted. Their earlier strategy was to focus on being the leading DEX on new public chains, like ZKS, ZKF, and Linea. They rode the wave of emerging public chains and benefited from the early boom. Now that on-chain trading volume has shrunk, they've shifted to managing cryptocurrency asset yields for publicly listed companies. They even launched an Upstarts Fund (暴发户基金) with Nasdaq-listed company CIMG. The direction seems promising, but it’s resource-intensive. With the growth of DAT, especially assets like ETH, SOL, and BNB, which are quite significant, their expertise in managing crypto asset yields is definitely not as strong as that of professional institutions. The strength of successful DATs lies in Wall Street’s financing capabilities, but their on-chain operations are likely to fall short. It’s worth keeping an eye on, I think, because the protocol’s management fees from revenue might also lead to buybacks.