Liquid Capital Founder Jack Yi Reveals Three Crypto Sectors That Will “Transcend Cycles” — Ethereum, BNB, and Aster Lead the List
Summary:
- Jack Yi, founder of Liquid Capital, highlighted public chains, exchanges, and stablecoins as the three “core pillars” of the crypto ecosystem.
- He named Ethereum, BNB, and Aster as standout projects within each category.
- Yi emphasized these sectors’ long-term resilience, saying they form the foundation of the digital asset market.
- Since 2016, Liquid Capital has invested in over 300 blockchain projects, focusing on DeFi, GameFi, and infrastructure.
In a recent market note, Jack Yi, founder of Liquid Capital, identified the three critical areas he believes will outlast the ups and downs of the crypto market — public blockchains, exchanges, and stablecoins.
According to Yi, these segments are the “core pillars” of the cryptocurrency ecosystem, forming the structural backbone that enables all other use cases and innovations.
“These are not temporary narratives,” Yi wrote. “They define how value flows, how liquidity forms, and how users interact with digital finance. They transcend cycles.”
Ethereum: The Foundation of Public Blockchains
Yi pointed to Ethereum (ETH) as the public chain investors should focus on. Despite the rise of new layer-1 challengers, Ethereum continues to dominate decentralized finance (DeFi) and smart contract adoption.
As of November 5, Ethereum’s DeFi total value locked (TVL) stood at $75.2 billion, representing over 67% of all value locked across blockchains, according to DeFi Llama. It also supports more than 1,660 protocols, far surpassing networks like Solana, BNB Chain, and Bitcoin.
Yi has long been bullish on Ethereum’s role as the “global settlement layer” of crypto. Earlier this year, he revealed holding 100,000 ETH call options, signaling his long-term conviction in the network’s growth and value.
BNB and Aster: The Exchange Ecosystem Powerhouses
Moving to exchanges, Yi highlighted BNB and Aster as the two projects to watch in this category.
He praised BNB for its strong revenue model, consistent performance, and deep ecosystem integration through the BNB Chain. Yi considers BNB “a core infrastructure token” that remains critical to exchange-based liquidity and decentralized finance activity.
Meanwhile, he described Aster as Binance’s “second growth curve,” suggesting it could play an increasingly vital role in the company’s long-term ecosystem strategy.
Though Aster currently ranks 6th among all BSC protocols with a TVL of $531 million, it’s rapidly expanding — backed by YZi Labs Chairman Changpeng Zhao’s support and the recent launch of the Aster Chain and ASTER token.
Yi noted that Aster’s growth momentum demonstrates how exchange-backed ecosystems can foster innovation and new revenue streams beyond trading.
Stablecoins: The Bridge Between TradFi and DeFi
While Yi did not single out a specific stablecoin project, he underscored their crucial role in maintaining liquidity stability, on-chain payments, and cross-border interoperability.
Stablecoins, he said, are the “connective tissue” that bridges traditional finance (TradFi) with decentralized finance (DeFi), allowing users and institutions to interact in both systems without friction.
Liquid Capital’s Expanding Portfolio
Founded in 2016, Liquid Capital — formerly known as LD Capital — has invested in more than 300 blockchain enterprises across DeFi (31%), GameFi (24%), and infrastructure (22%), according to CoinLaunch data.
The firm’s portfolio includes prominent names such as Certik, Republic, CoinList, Qredo, and MEXC. Its multiple sub-funds — including Beco Fund, FoF, Meta Fund, and hedge fund vehicles — position it as one of Asia’s most diversified blockchain investors.
Yi has also shown interest in smaller-cap altcoins. Earlier this year, he called UNI (Uniswap) his third-largest crypto position after Bitcoin and Ethereum, citing its importance to decentralized liquidity markets.
Yi’s Long-Term Vision
Yi’s framework for “cycle-proof” crypto investing rests on identifying infrastructure-driven assets rather than speculative trends.
In his words:
“Public chains form the roads, exchanges are the marketplaces, and stablecoins are the money that keeps it all flowing. Everything else depends on these three pillars.”
As global markets remain volatile, his comments serve as a reminder that even in uncertainty, fundamentals-driven sectors — like Ethereum, BNB, and Aster — may continue to shape the future of blockchain innovation.
