灰度（Grayscale）最新研究報告，剖析監管透明度提升對區塊鏈產業的潛在影響。灰度指出，隨著相關法案持續推進，區塊鏈應用（尤其代幣化資產與去中心化金融DeFi）將迎來爆發式成長，機構資金會優先流向以太坊、Solana、BNB Chain與Canton Network等主流公鏈。報告強調，上述網路目前已在鏈上金融基礎設施建立顯著市占率，預計將成為監管環境優化後的最大受益者。Avalanche、Arbitrum、波場（Tron）等其他區塊鏈生態，也被灰度視為具備成長潛力的重點系統。以上為灰度觀點，不構成投資建議。

Grayscale’s latest research report analyses the potential impact of improved regulatory transparency on the blockchain industry. Grayscale believes that with the advancement of relevant legislation, blockchain applications — especially tokenised assets and DeFi — will see explosive growth. Institutional capital will first concentrate on leading blockchains such as Ethereum, Solana, BNB Chain and Canton Network.

The report emphasises that these networks already hold a notable market share in on‑chain financial infrastructure and are expected to be the biggest beneficiaries of a better regulatory environment. Other networks including Avalanche, Arbitrum and Tron are also regarded by Grayscale as key ecosystems with strong growth potential. The above reflects Grayscale’s views and does not constitute investment advice.