The script for the “Alliance Chain 2.0” went wrong again on Wall Street last time. Etherealize CEO Vivek Raman points out: this time, Wall Street is once again flooding into permissioned chains—essentially a repeat of history. The last round ended with DIEM going to zero; the industry giants’ closed ledgers were ultimately consolidated or discarded, while open protocols like Ethereum instead absorbed liquidity and developers. This mechanism is verifiable, but his judgment about the endgame is worth validating with prudent positioning.
Corresponding to the current market: ETH is trading at 1881, flat over the past 24 hours; COMP is at 16.21, up slightly 0.6% over 24 hours. On-chain historical data shows that consortium chains dominated by Wall Street have never formed sustained asset hoarding—eventually, capital returns to highly liquid open mainnets. If, after an Ethereum ETF, it continues to attract institutional incremental inflows, then around 1800, ETH is already near the lower edge of a dense traded-coin area; COMP, as a long-established lending blue-chip, should move in tandem.
For strategy, you can reference the validation path institutions follow when entering: don’t focus on DIEM-style abandoned projects; instead, track the expansion of open L1s (ETH) and DeFi collateral demand (COMP). Only when the consortium-chain narrative fails to materialize will the demand logic for open assets be further strengthened.#ETH #COMP
Corresponding to the current market: ETH is trading at 1881, flat over the past 24 hours; COMP is at 16.21, up slightly 0.6% over 24 hours. On-chain historical data shows that consortium chains dominated by Wall Street have never formed sustained asset hoarding—eventually, capital returns to highly liquid open mainnets. If, after an Ethereum ETF, it continues to attract institutional incremental inflows, then around 1800, ETH is already near the lower edge of a dense traded-coin area; COMP, as a long-established lending blue-chip, should move in tandem.
For strategy, you can reference the validation path institutions follow when entering: don’t focus on DIEM-style abandoned projects; instead, track the expansion of open L1s (ETH) and DeFi collateral demand (COMP). Only when the consortium-chain narrative fails to materialize will the demand logic for open assets be further strengthened.#ETH #COMP