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Moreover, the report suggests that more than 50% of Ethereum’s circulating supply will be staked as regulations become clearer. Coupled with anticipated growth in the Ethereum/Bitcoin price ratio, which is expected to evolve favorably due to increased institutional participation, such projections could lead to a significant rally in Ethereum's market value.
The Rise of DeFi and On-Chain Governance
In the DeFi ecosystem, Galaxy Digital believes that projects will soon enter a dividend era, collectively distributing over $1 billion in dividends to token holders, transitioning into more user-centered innovations. The revival of on-chain governance is also expected, with platforms utilizing prediction markets to establish more efficient decision-making processes.