According to @LexSokolin, DeFi integration is moving from Phase 1 "build the rails" into Phase 2 "connect the pipes," with Phase 3 defined as "turn on the water" (source: @LexSokolin on X, Aug 10, 2025). According to @LexSokolin, this framework indicates the current focus is on connecting infrastructure components ahead of a later liquidity-on phase, a staging that traders can use to frame near-term market structure developments (source: @LexSokolin on X, Aug 10, 2025).