🐓Tokens Benefiting from ETH Price Increase🐓 When ETH price rises - Layer 2 - DeFi - liquid staking tokens and other tokens dependent on Ethereum infrastructure—often benefit from increased network activity. 1. Layer 2 (L2) Tokens The Pectra upgrade improves Layer 2 scalability, particularly through EIP-7691, doubling the number of data blobs per block from 3 to 6, reducing transaction costs for rollups. This makes Layer 2 solutions more efficient, potentially driving adoption and the value of native tokens. 🐦Arbitrum (ARB): Highly correlated with ETH (0.94), it is one of the Layer 2 tokens likely to move in sync with ETH price. 🐦Polygon (POL): Strongly correlated with Arbitrum (0.97) and Optimism (0.93), indicating it moves closely with other L2 tokens and ETH. 🐦Optimism (OP): Another major Layer 2 solution for Ethereum, likely to see increased usage due to lower costs and improved scalability after Pectra, potentially boosting demand for OP. 2. Liquid Staking Tokens The Pectra upgrade includes EIP-7251, increasing the maximum validator balance from 32 ETH to 2,048 ETH, simplifying staking for large investors and improving staking efficiency. This makes staking on Ethereum more attractive, especially for institutional investors, potentially driving demand for liquid staking protocols. 🦆Lido DAO (LDO): Highly correlated with ETH (≥ 0.81) and the leading liquid staking protocol. As staking becomes more efficient, demand for LDO may rise due to increased ETH staking activity. 🦆Rocket Pool (RPL): Also strongly correlated with ETH (≥ 0.81) and benefits from increased staking participation. 🦆ETHFI: A newer liquid staking token, highly correlated with ETH. It is a strong candidate to benefit from ETH price increases. 🦆Pendle (PENDLE): Focused on yield tokenization. 3. DeFi Tokens Ethereum dominates the DeFi sector with over 52% of the industry's total value locked (TVL). 🐥Uniswap 🐥Ethena (ENA) 🐥Aave (AAVE): A leading DeFi lending protocol. 🐥Maker (MKR): MakerDAO, supporting the DAI stablecoin, may see increased demand as the Ethereum ecosystem grows, especially with institutional adoption. Personal From an investment perspective, Alan is interested in AAVE and ETHFI at this stage. They have good price models and are strong players in two benefiting sectors. Based on observations from Nansen, there are signs of accumulation over the past two weeks. Worth paying attention to, especially if it holds at this price range along with BTC dominance trending downward. #onchain #degen | AlanLee (꧁IP꧂) OKX Feed

🐓Tokens Benefiting from ETH Price Increase🐓 When ETH price rises -> Layer 2 -> DeFi -> liquid staking tokens and other tokens dependent on Ethereum infrastructure—often benefit from increased network activity. 1. Layer 2 (L2) Tokens The Pectra upgrade improves Layer 2 scalability, particularly through EIP-7691, doubling the number of data blobs per block from 3 to 6, reducing transaction costs for rollups. This makes Layer 2 solutions more efficient, potentially driving adoption and the value of native tokens. 🐦Arbitrum (ARB): Highly correlated with ETH (0.94), it is one of the Layer 2 tokens likely to move in sync with ETH price. 🐦Polygon (POL): Strongly correlated with Arbitrum (0.97) and Optimism (0.93), indicating it moves closely with other L2 tokens and ETH. 🐦Optimism (OP): Another major Layer 2 solution for Ethereum, likely to see increased usage due to lower costs and improved scalability after Pectra, potentially boosting demand for OP. 2. Liquid Staking Tokens The Pectra upgrade includes EIP-7251, increasing the maximum validator balance from 32 ETH to 2,048 ETH, simplifying staking for large investors and improving staking efficiency. This makes staking on Ethereum more attractive, especially for institutional investors, potentially driving demand for liquid staking protocols. 🦆Lido DAO (LDO): Highly correlated with ETH (≥ 0.81) and the leading liquid staking protocol. As staking becomes more efficient, demand for LDO may rise due to increased ETH staking activity. 🦆Rocket Pool (RPL): Also strongly correlated with ETH (≥ 0.81) and benefits from increased staking participation. 🦆ETHFI: A newer liquid staking token, highly correlated with ETH. It is a strong candidate to benefit from ETH price increases. 🦆Pendle (PENDLE): Focused on yield tokenization. 3. DeFi Tokens Ethereum dominates the DeFi sector with over 52% of the industry's total value locked (TVL). 🐥Uniswap 🐥Ethena (ENA) 🐥Aave (AAVE): A leading DeFi lending protocol. 🐥Maker (MKR): MakerDAO, supporting the DAI stablecoin, may see increased demand as the Ethereum ecosystem grows, especially with institutional adoption. Personal From an investment perspective, Alan is interested in AAVE and ETHFI at this stage. They have good price models and are strong players in two benefiting sectors. Based on observations from Nansen, there are signs of accumulation over the past two weeks. Worth paying attention to, especially if it holds at this price range along with BTC dominance trending downward. #onchain #degen

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