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$ETH 's dollar-pegged assets grew to $156B, up 22% year over year. It commands 47% of all tokenized real-world assets on-chain and 54% of locked DeFi capital — nearly twice its share of market cap. Fee revenue collapsed 69% this year, but wallet growth and contract activity kept climbing regardless. That divergence is the real signal: adoption compounding beneath a chart everyone's stopped watching. $BTC $ETH #WalshPolicyFramework #AIShiftsToSoftware #BTCOptionsExpiryTest