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When institutions step into crypto, the flashy narratives fade—what matters is the unglamorous stuff: capital utilization rates, actual fee generation, friction in redemption mechanics. I've been digging through LBTC deployment patterns, and here's what stands out: roughly 70% of assets are actively deployed across 100+ DeFi integrations. That's not theoretical adoption. Protocol-level revenue is clearing $1M on the strength of genuine usage, no gimmicks attached. This is what institutional-grade infrastructure looks like—metrics that reflect real economic activity rather than hype cycles.