I recently came across a research report published by a leading digital asset management institution, and some of the figures are quite interesting. They predict that by 2026, the total locked value (TVL) of ETH will double, while the market cap of stablecoins will surge from the current $30.8 billion to over $50 billion, with an annual growth rate of 62%. What is the confidence behind this prediction? Looking at the stablecoin market in 2025, which has already achieved a growth of over 62%, essentially confirms that this trend is real.

What is the true engine behind this wave of TVL growth? It’s actually the continuous explosion of POS staking. The total staked assets in POS networks worldwide have already surpassed $100 billion, and the staking share of the top 5 public chains accounts for over 70%. Interestingly, more than $219 million in large staking funds have already entered the market. Based on the on-chain wallet transfer activity, this momentum is still growing. Assuming an average yield of 3.12%, a single large holder could earn about $37.1 million in one year.

If all these large funds truly participate in staking, a doubling of ETH’s TVL is highly probable. This is a win-win for the entire ecosystem—on one hand, it enhances network security and stability; on the other, it opens up new value appreciation channels for token holders. From this perspective, the ongoing iteration and improvement of the ETH ecosystem are becoming the core logic driving its value growth.