Svmuu News: Grayscale Head of Research Zach Pandl stated that the current tokenization market is still in its early stages, with a size of approximately $27 billion, accounting for only about 0.01% of the global capital market. However, it is expected to grow to nearly $19 trillion by 2033. The tokenization market will develop in phases, with investment opportunities showing a "gradual release." The early stage is more likely to be dominated by institution-led permissioned networks, such as Canton Network. The mid-term may see a hybrid model emerge, benefiting networks with subnet structures like Avalanche. In the long term, Ethereum may host global decentralized finance, but its adoption pace will be relatively slow. (CoinDesk)