#以太坊生态系统发展# A careful analysis of Bitmine's latest financing trends shows that this massive $20 billion increase plan will undoubtedly have a significant impact on the Ethereum ecosystem. From an on-chain data perspective, such a large-scale injection of funds is bound to drive up the price and market capitalization of ETH. More importantly, this funding is likely to flow into the DeFi lending market, injecting new liquidity into the entire ecosystem. Combined with Sharplink's related plans, there may be a total ETH purchasing demand of $20-40 billion by 2025, which would represent the largest active capital injection in DeFi history. It is recommended to closely follow the subsequent specific deployments of these two institutions and analyze their impact on core indicators such as ETH price and total Lock-up Position in DeFi, providing data support for investment decisions.