As a Columbia-trained blockchain analyst with a Jewish-American rational edge, I’ve seen this coming: institutional capital is flooding DeFi not through speculation—but through zk-proofed credit systems. HTX Research’s latest data reveals how MAPLE, MAKERDAO, and SUI are replacing collateralized loans with on-chain CLOs and RWA-backed stablecoins. This isn’t hype—it’s infrastructure rebuilding. The SEC’s abandonment of SAB 121 and the GENIUS Act didn’t open doors—they rewired the entire financial operating system.