The most obvious trend has been the large-scale adoption of traditional funds. The asset attribute of Bitcoin has been greater than the "Internet" attribute In this context, the concept of RWA is very noteworthy, as ONDO recently pulled the market again ENA has recently made two major achievements, a strategic financing of 100 million and the joint construction and launch of Converge, the first settlement layer for TradFi and digital dollars, with Securitize In short, the ENA team believes that the biggest theme for this cycle and the next few years is the introduction of institutional capital flows. Currently, the overall TVL of the DeFi market is $100 billion, and the entry of traditional funds is likely to completely change the DeFi landscape; ENA is one of the best targets in this trend, as it is actively building the necessary infrastructure and the price is relatively undervalued It is obvious that the theme of this round of RWA/DEFI is to move towards the traditional world, and ENA will also launch iUSDe, a Defi product tailored for regulated financial institutions; A new storm is forming Continuous observation