#以太坊生态发展 Seeing this prediction that Ethereum's TVL will grow tenfold, I need to analyze it calmly. Concepts like stablecoins, RWA, and sovereign funds are indeed long-term trends, but the problem is—these grand narratives are most easily used as packaging for pump-and-dump schemes.

Having been in this space for so many years, I've seen too many predictions like "what will happen in 2025" or "10x growth by 2026." The key question is, will big institutions really come in? The involvement of giants like JPMorgan and BlackRock does carry signaling significance, but their pace of entering is often much slower than retail investors imagine. And once such expectations are hyped up, you need to be alert: are the funds flowing in now genuine demand or just FOMO-driven speculation?

Tokenization of RWA growing from 300 billion to 3 trillion sounds tempting, but what does that really mean? It means a bunch of projects will pop up claiming to be "the next RWA dark horse." I've seen too many of these traps—projects claiming to be RWA but actually just rebranded pyramid schemes.

The most practical advice is: this kind of long-term growth logic can serve as a strategic allocation, but never go all-in believing in predictions. Diversify your holdings, control risks, and regularly review the fundamentals of your projects—that's the way to survive longer. No matter how beautiful the forecast, it can't withstand a black swan hit.