The voices in the crypto community are mostly bearish calls, but in reality, the enthusiasm of traditional finance participants exceeds expectations. More and more institutions are changing their strategies—DeFi protocols have long abandoned the pure retail marketing approach and are instead focusing on locking in liquidity partnerships with traditional financial institutions. The establishment of these LP agreements precisely indicates that institutions are voting with real money, believing in the future of this ecosystem. Retail investors and institutions often act in opposition, so at this time, it’s even more important to observe where the actual funds are flowing.