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On-chain data shows that Trend Research has once again taken action, borrowing $20 million USDT from Binance to purchase 6,656 ETH, which was then directly deposited into the Aave V3 protocol. This move indicates the institution's long-term optimism for Ethereum and also reflects asset allocation optimization through lending protocols.
According to position tracking data, Trend Research currently holds a total of 651,310 ETH. Based on the current market price, the total market value has reached approximately $19.1 billion. Such a holding size is quite significant among institutional investors and demonstrates their strong focus on the Ethereum ecosystem. Depositing assets into leading lending protocols like Aave allows for stable returns while maintaining good liquidity, which is a common strategy among large investors.