According to Lex Sokolin, Web2-driven blockchain investment will likely accelerate adoption but concentrate value in platforms over open protocols, signaling platform success and aggregation effects for market structure; source: Lex Sokolin, X, Sep 4, 2025. He highlights Circle, Stripe, and Coinbase as probable winners in a vertically integrated model and points to JPMorgan’s Onyx retaining market venues post-Quorum sale as precedent for platform capture; source: Lex Sokolin, X, Sep 4, 2025. He adds that DeFi activity is concentrated in tokens and the dollar, with the dollar’s leakage into Web3 generating outsized activity, in large part on Tron; source: Lex Sokolin, X, Sep 4, 2025. Trading implications: monitor shifts in dollar liquidity toward Tron and platform-centric rails, and evaluate risk/reward between centralized platforms and public-chain tokens under potential walled-garden dynamics; source: Lex Sokolin, X, Sep 4, 2025. He notes prior bank-funded consortia chains collapsed despite significant fees, but improvements in technology, talent, and political will increase the likelihood of platform-led outcomes; source: Lex Sokolin, X, Sep 4, 2025.

According to The Data Nerd, AVS validators have secured a total of 585,446 ETH, approximately valued at $1.87 billion, marking a significant milestone in the cryptocurrency market.