Crypto has moved past its existential crisis, but investors are still figuring out how to value it. In this episode of Crypto Clarified, hosts Dovile Silenskyte and Vinh Tran are joined by Ilan Solot, Senior Global Markets Strategist at Marex, to break down what matters now. From smart contract risk versus credit risk and staking dilution to valuation frameworks for Ethereum and Solana, Ilan shares how institutions are approaching allocation and what it will take to bring crypto into the mainstream portfolio. No hype, just structure, substance and some well-placed scepticism.