eth privacy rails forming across @tenprotocol TEEs, @RaylsLabs zk debt infra, and @recallnet agent reputation. execution layer maturing with @VeloraDEX intent engine, @vooi_io cross‑chain fills, @LABtrade_ low‑latency routing. ai‑driven strategy from @Almanak__ and identity layer @antix_in, all settling trustless on @OpenledgerHQ. fragmented pieces converging into a full‑stack institutional defi stack. early alignment before liquidity floods in