币界网报道：DeETF is taking on the task of further popularizing DeFi and lowering the threshold. Introduction: DeFi has developed from a geek toy to the new darling of Wall Street. The locked-in value (TVL) reached as high as $178 billion between 2020 and 2021, but the entry threshold for ordinary investors is high, and traditional institutions enter the market less than 5%. Since 2021, DeETF has appeared, integrating the traditional ETF concept with the transparency of blockchain, lowering the investment threshold, and becoming a bridge connecting traditional finance and DeFi. Part I: The development history of DeFi to DeETF 2017-2019: MakerDAO, Compound, Uniswap and other projects on Ethereum laid the foundation for DeFi, TVL approached $600 million, and traditional finance began to pay attention. 2020-2021: The epidemic promoted the outbreak of DeFi, TVL increased from $1 billion to $178 billion, and Canadian DeFi Technologies launched financial products that track mainstream DeFi protocols, and the concept of DeETF was born. 2022-2023: After the market shock, DeETF matures and is divided into two modes: traditional financial channels and on-chain decentralization, which lowers the threshold for participation and improves transparency. Advantages: easy to use, transparent and flexible, and risk diversification; Challenges: regulatory uncertainty and security risks of smart contracts. Part II: Emerging projects and diversified exploration After 2023, the DeETF track will develop in a diversified way, with traditional ETPs and pure on-chain decentralized platforms running in parallel, Sosovalue supporting multi-theme portfolio strategies, and DeFi Technologies and Securitize promoting the tokenization of compliant assets. Smart asset portfolio trend: YAMA introduces AI-driven asset allocation recommendations, deployed on Solana and Base chains, reducing costs, improving user experience, and realizing the function of smart investment research assistant. Track bifurcation: DeETF.org emphasizes user self-configuration, Sosovalue productizes thematic portfolios, Index Coop focuses on standard indexes, and traditional institutions promote compliance. Conclusion: As an upgraded version of DeFi's user experience, DeETF is promoting the democratization and intelligence of on-chain asset management. The compound annual growth rate of the DeFi market is expected to reach 53.8% from 2025 to 2034, and DeETF will become an important application for on-chain asset management. Different explorers such as DeFi Technologies, DeETF.org, and YAMA are jointly shaping the new financial landscape of the future.