Altcoin season has not lifted all assets equally. Instead, it has concentrated flows into tokens showing both liquidity and current catalysts. That rotation is now visible in DeXe, Ether.fi, and Aptos. Each token has advanced on different drivers, combining governance, yield, and base-layer adoption. The backdrop for this rotation is mixed sentiment across larger tokens. Bitcoin dominance still holds above 50%, but traders are searching for mid-cap opportunities with room to move. DeXe’s rise comes from ...

Core Insights - Puffer Finance has formed a strategic partnership with ETHZilla, involving the deployment of approximately $47 million in ETH to enhance institutional participation in Ethereum through restaking [1][2][5] - The partnership aims to set a new standard for security and performance in Ethereum restaking, leveraging Puffer's unique validator bond model [3][6][7] Company Overview - Puffer Finance specializes in Ethereum infrastructure and rollups, offering a comprehensive stack that includes Liquidity Restaking Token (LRT), UniFi-based rollup, and Prefconf AVS for high throughput and scalability [4][8] - ETHZilla, a publicly traded firm, has transitioned from biotech to focus on Ethereum treasury management, accumulating over 100,000 ETH valued at approximately $450 million [5][7] Strategic Focus - The collaboration emphasizes the integration of Puffer's validator stack with ETHZilla's treasuries to optimize ETH restaking, enhancing capital efficiency and yield while ensuring security [3][4][6] - Puffer's 2 ETH validator bond serves as an insurance layer against validator failures, addressing the traditional trade-off between yield and security for institutions [6][8] Market Positioning - ETHZilla is positioning itself as a significant player in Ethereum treasury management, supported by approximately $425 million raised from institutional investors [7] - The partnership reflects a maturing market where security is prioritized alongside yield, indicating a shift in institutional strategies towards Ethereum [6][7]