Five regional banks with $600B+ deposits building Cari on Prividium is a very different adoption vector than mercenary L2 TVL. If those deposits and Memento-style tokenized funds settle proofs into Ethereum while DTCC is wiring Chainlink into collateral workflows, the moat moves to privacy-preserving interoperability, not another public AMM farm. Bull case for $ZK only matters if Gateway/proof aggregation captures bank-grade flow instead of becoming invisible middleware with prestige and no fees.

Top comment by @Benthic