$ARM 的實力在於 AI 基礎設施的敘事超越了 GPU。NVIDIA 的新 ARM 架構處理器和 Counterpoint 預測 ARM CPU 市場份額將從 2025 年的 25% 上升到 2029 年的 90% 強化了機構投資者的論點。隨着主要 AI 和雲計算參與者圍繞 ARM 架構的集結,市場依然保持動能驅動,但在年初至今上漲 220% 之後,交易者應當謹慎對待估值風險和流動性驅動的波動性。
Stablecoin market capitalization has expanded to roughly $318B-$322B, exceeding the foreign reserves of 95 countries and reinforcing its role as core digital dollar infrastructure. Hyperliquid L1 now holds about $6.79B in stablecoins, including over $1.04B in net inflows over seven days, with $USDC representing 95.3% of supply on the network.
This points to a clear liquidity preference: faster settlement, deeper collateral mobility, and execution-focused venues. The broader RWA market has also moved above $350.6B, with stablecoins still serving as the base layer for tokenized funds, commodities, and equities. The signal is structural, but allocation decisions should remain disciplined as yield, custody, and smart contract risks vary significantly.