#机构投资者采用 After reviewing the recent discussions on Ethereum's prospects for 2026, let's organize the key signals.

Wall Street institutions have significantly accelerated their ETH deployments this year. Raman, co-founder of Etherealize, offers insights worth noting—he believes we are at a critical point of "hockey-stick adoption." The underlying logic is the large-scale implementation of tokenized assets, with the tokenization of government bonds delayed from the 2024 plan to 2026, which will truly play a role in DeFi. This will drive a substantial flow of traditional capital into the Ethereum ecosystem.

From an on-chain capital perspective, once this expectation is validated, the capital inflow through ETH could be quite considerable. However, there's a detail to be cautious about—Raman himself admits that this process is five years behind the turning point of BTC, indicating that the maturity of institutional recognition still varies. In the short term, don't expect ETH to significantly catch up with BTC.

The key points to monitor are: specific data on institutional entry, the growth of tokenized assets' TVL in DeFi, and the holdings movements of large wallets. These on-chain signals can better verify whether the 2026 cycle hypothesis holds. Starting to build a monitoring framework now will be more efficient.