Analyzing the recent moves of the industry giants: $MATIC: Polygon founder Sandeep Nailwal has taken full control of the foundation, focusing on the development of Agglayer; the old zkEVM is being phased out, and the improved PoS chain Gigagas is positioned for stablecoin payments and RWA. The roadmap has completely forked, with Agglayer pursuing cross-chain capabilities, while PoS aims for an on-chain PayPal payment gateway. $XRP: Nasdaq-listed VivoPower is deploying $100 million in XRP through Flare's FAssets protocol, with the earnings used to buy back XRP, forming a self-compounding treasury. This effectively introduces XRP into compliant programmable and high-yield scenarios, replicating the treasury compounding model on-chain. In other words, XRP primarily serves institutions as a long-term U.S. Treasury and liquidity insurance. $ONDO: Ondo Finance has migrated its tokenized U.S. Treasury fund OUSG to the XRP Ledger; redemptions use Ripple's stablecoin RLUSD, making it easier for institutions to directly purchase U.S. Treasury yields, with Ondo acting as the settlement layer. $WLD: Native USDC has been integrated into Worldcoin, allowing direct payments and settlements within its identity network. $ETH: Former Ethereum researcher Péter Szilágyi stated that he rejected a $5 million offer for Geth's independence proposal and accused the Ethereum Foundation of secretly funding a competing Geth team, confirming the existence of governance struggles within Ethereum.