Take stock and analyse the recent layout of the old giants in the industry: Sandeep Nailwal, founder of $MATIC :P olygon, takes over all the power of the foundation and focuses on development Agglayer; The old zkEVM was faded out, and the improved PoS chain, Gigagas, positioned stablecoin payments and RWA. The route is completely forked, Agglayer pursues cross-chain, and PoS pursues on-chain PayPal payment entrance. $XRP: VivoPower, a NASDAQ-listed company, deployed $100 million in XRP through Flare's FAssets protocol, and the proceeds continued to repurchase XRP to form a self-compounding treasury, which is equivalent to introducing XRP into compliant programmable and high-yield scenarios, and then replicating the Treasury compounding model on the chain, in other words, XRP mainly provides institutions with long-term U.S. bonds and liquidity insurance $ONDO : Ondo Finance relocates tokenised U.S. Treasury fund OUSG to XRP Ledger; The Ripple stablecoin RLUSD is used for redemption to facilitate institutions to directly purchase U.S. Treasury yields, and Ondo serves as the settlement layer $WLD: Native USDC is integrated into Worldcoin and can be used directly within its identity network for payments and clearing $ETH: Former Ethereum researcher Péter Szilágyi claimed to have rejected a $5 million proposal for Geth to be independent, and accused the Ethereum Foundation of secretly funding competing Geth teams, which also confirms the existence of governance battles within Ethereum.