#数字资产行情上升 Seeing Liquid Capital founder Yi Lihua's recent views, a word immediately popped into my mind—this is exactly the conclusion of our recent on-chain data monitoring.

The core is actually simple: 2026 will be a critical point for financial onboarding, with stablecoins and Ethereum becoming the infrastructure. Don’t think this is just hype—just look at the data: the transfer volume of stablecoins on Ethereum is soaring, the number of large ETH holdings addresses is continuously increasing, especially those institutional accounts quietly increasing ETH positions while cutting BTC holdings. The logic behind WLFI swapping BTC for ETH? There is deeper meaning—it's not just a simple reallocation, but a strategic shift in thinking.

Why do I dare to say this?

Stablecoins are essentially an entry point, and also a vanguard of the payment revolution: The roadmap from USD1 to trillions reflects the exploding real demand for stablecoins in cross-border settlements and corporate payments. On-chain data shows that the accumulation of USDT and USDC in non-exchange addresses is growing at over 30%—what does this mean? It indicates that the real use cases are accelerating expansion, not just speculators trading.

Ethereum is the operating system for financial onboarding: DeFi, RWA, on-chain government bonds… Almost all high-end financial experiments you can think of are happening within the Ethereum ecosystem. The ETH 2.0 staking ratio has already broken 35%, and long-term holders’ positions have hit a new high this year—smart money movements say it all.

Even more interesting is the Web2 entry point issue. If one day applications at the scale of WeChat or Google integrate stablecoin payment functions, billions of users will step into the blockchain world without even realizing it. Sounds like science fiction? Actually, this is a natural evolution after the regulatory framework is improved and technology matures.

Last year I said: holding $BTC is a bet on the past, holding $ETH is a bet on the future. Today, with Yi Lihua’s analysis and on-chain data support, I am even more convinced—before 2026, ETH will be revalued due to its position as financial infrastructure, and the stablecoin sector will also see the emergence of new players worth trillions.

Rather than guessing bull or bear markets, it’s better to see the big trend clearly. The wave of financial onboarding has already reached the shore—you either get on the boat or keep watching from the sidelines. My choice is to go all-in on infrastructure.

Hold firmly to $ETH, keep a close eye on the stablecoin ecosystem, and time will ultimately give the answer.