#稳定币与支付应用 Seeing this 2025 annual summary of Ethereum, I need to carefully review my copy trading strategy.

There are several key pieces of information: stablecoin supply has surpassed $300 billion, with Ethereum holding a 54% market share; Layer 2 transaction volume has exceeded that of the mainnet; institutions like JPMorgan and BlackRock are launching real-world applications on the Ethereum mainnet. This is not just storytelling; real money is flowing.

From a copy trading perspective, what does this mean? The high-frequency trading demand for stablecoins and the infrastructural role of payment applications directly influence traders' strategic orientations. Those betting on L2 high-frequency trading and stablecoin liquidity mining will remain active; meanwhile, old low-frequency holding strategies see their profit margins shrinking.

Among some top traders I’ve recently observed, one is doing stablecoin hedging arbitrage on Base and Arbitrum, while another is employing risk-neutral strategies on USDC cross-chain liquidity. The former has lower volatility but a healthier Sharpe ratio, while the latter offers higher absolute returns but with sharper drawdowns. This is the core of position sizing—judging whether different traders’ strategies still have a lifecycle based on the progress of institutional-grade applications.

Honestly, seeing institutions truly engaging in payments and asset tokenization on Ethereum has boosted my confidence in this direction much more than a year ago. But confidence does not mean greed; strict stop-loss and risk management are still essential. Keep observing those who can adapt to infrastructure upgrades and continuously adjust their strategies; they are often the ones truly making money.