Great read, although I think majority of activity will happen on ETH ecosystem: - only state level secure L1 with zero counterparty risks which scales to 10k+ tps over next 2-3 years (5+ client implementations, unbreakable governance, 10k+ validator / node entities, most dev mindshare etc.) - Prividiums / zk tech / Elastic chain offers solution for institutions to do their business privately, scalable, interoperable and highly customized. This is ETH answer to corpchains like Tempo, Arc or Solana - L2 ecosystem offer scalability and customizability beyond L1 to meet demand for 100k - 10M+ tps with blob DA, zk tech and help of tech like EigenDA. Things like MegaETH and Lighter boasting already 50k+ tps show the way - already heavy institutional buy-in from the likes of Blackrock, Fidelity, UBS, Robinhood, Coinbase etc. with Blackrock being biggest ally so far. - already heavily leading in stablecoin (60%+), Defi (60%) and public RWA (60%+) TVL That said think space is big enough, other chains will also have good times.