Weekly Yield Overview Report (Issue 4 · Week 31, 2026)

01Yield Trend Analysis

Benchmark date: 2026-07-29. This week, the performance tracking landscape has been characterized by simultaneous innovation in institutional products and restructuring of underlying protocols. On July 28, Morgan Stanley launched Ethereum and Solana trust funds on the NYSE, offering fees as low as 0.14%, with a model that allocates all collateralization rewards to investors, leveraging its $9 trillion in asset management assets to boost institutional investment across multiple chains. Lido initiated the largest upgrade to Version 2 since July 27, integrating over 8 million stETH tokens and transitioning to a new architecture, which is expected to reduce the number of validators by about one-third, involving the migration of $16.5 billion worth of ETH that is currently collateralized. In terms of capital flows, Ethereum ETFs saw a weekly net inflow of $104 million, with ETHA attracting $96.3 million in inflows, leading for the second consecutive week and boasting a scale three times larger than that of Bitcoin ETFs. On July 28, BlackRock transferred 3,310 BTC and 28,370 ETH to Coinbase Prime, with a total value of over $271 million, indicating adjustments in institutional asset allocation. On the regulatory front, Wall Street giants such as BlackRock, Goldman Sachs, and Fidelity support the CLARITY bill, but controversies surrounding mechanisms for stablecoin incentives continue to hinder legislative progress.

02High-risk/high-return opportunities

Benchmark Date: 2026-07-29

ETH holds an absolute dominance with a market value of $230B. SOL ($42B) and AVAX ($3B) rank in the second tier, while OP ($203M) and ARB ($519M) have significantly lower market values. ETH scores 64 overall, leading in technical aspects with 88 points, but only 29 points in terms of liquidity. SOL scores 57 overall, with 78 points in technology and 63 points in fundamentals, outperforming AVAX (45 points) and OP (35 points). ETH ranks 85 in token economics, SOL at 79, AVAX at 78, ARB at 56, and OP has the lowest score at 46.

Institutional allocations are further strengthening ETH’s advantages. On 2026-07-28, Morgan Stanley launched an ETH/SOL ETP with a fee of 0.14%, utilizing its $9 trillion in asset management assets to facilitate the distribution of staking rewards. On the same day, BlackRock transferred 28,370 ETH and 3,310 BTC to Coinbase Prime, worth over $271 million. ETH ETFs saw weekly net inflows of $104 million, with ETHA attracting $96.3 million and leading for two consecutive weeks.

Lido initiated its largest upgrade on 2026-07-27, integrating over 8 million stETH tokens, with the number of validators expected to decrease by one-third. Although SOL has not reached historical lows in terms of net profit/loss, indicating potential gains, the statistical sample is limited. Thanks to continuous inflows of institutional capital and optimized staking structures, ETH maintains dual advantages in both fundamentals and technology in an environment characterized by high risks and high returns.

03Operation suggestions

Operation Recommendations

• ETH Liquidity Defense: The ETH liquidity score is only 29. If the 24-hour trading volume drops below $9.7B, take moderate defensive measures to avoid slippage risks. Timeframe: This week.
• SOL Technical Profit-Taking: SOL has dropped by 6.6% over 7 days, but its technical score is 78. If it rebounds to $75 with trading volume not exceeding $1.6B, consider taking profits in stages. Timeframe: Next 2 weeks.
• Counter-Trend Investing Based on Sentiment: The Fear & Greed Index stands at 44. If it falls below 40, gradually build positions in mainstream assets. Timeframe: This month.

Risk Warnings

• Liquidity Depletion: Both ETH and SOL have a liquidity score of 29, meaning large transactions can easily cause severe price fluctuations.
• Deteriorating Sentiment: With the sentiment index at 44, a drop below 40 could trigger panic selling.
• Stalled Capital Flow: BTC ETFs saw only $5M in daily net inflows. If this trend persists, the market will lack additional capital support.