On-chain data tracking shows that well-known trader Arthur Hayes has been very active in the DeFi market recently. Just today, he made a large purchase of approximately 1.855 million LDO tokens, spending $1.03 million. This is just the tip of the iceberg regarding his investment activities over the past seven days.

Looking at a broader time frame, this trader's strategy is quite interesting—they are reducing their holdings of Ethereum. Over the past week, they sold approximately 1,871 ETH, cashing out $5.53 million. Moving from one asset to another clearly indicates a rebalancing of their portfolio.

Most importantly, where are these funds being invested? Data shows that they have heavily invested in multiple DeFi ecosystem tokens. They bought 1.22 million ENA tokens, investing $257,500; 137,117 PENDLE tokens, costing $259,000; and also added ETHFI tokens to their cart, acquiring 132,730 tokens for $93,000.

This series of actions reflects a growing market interest in the DeFi sector, especially as protocol tokens related to liquidity mining and derivatives are being reevaluated by major players.