We now have the foundation pretty set for a new cycle. Hyperliquid for perps, Solana for spot experimentation, fomo to onboard retail, corpo chains and services incoming to onboard institutions and more resilient DeFi ecosystems around the board. Stablecoin issuers will be fighting for distribution and we’ll likely get some great neobank products that offer decent yield as a result. Lenders like Morpho also have real BD pitches now with case studies like Robinhood and Coinbase. We’ve abstracted away a lot of the friction and UX fragmentation for all types of participants. Crypto related verticals are now constantly being shilled and discussed during presentations from SP500 companies. Friendliest regulatory regime we’ve ever seen, and new leadership at places like the SEC and CFTC have needed some time to familiarize themselves with the talking points. Really think a lot of stuff has been bubbling and all we’re missing is the vibes.