Institutional investment is shifting toward "corporate" Layer 1 blockchains, highlighted by Circle raising $222 million for its Arc token at a $3 billion valuation from backers like BlackRock and Apollo. Other significant valuations for corporate-backed networks include Tempo (Stripe/Paradigm) at $5 billion and Canton (Digital Asset) at $2 billion. The sentiment suggests that institutional capital is prioritizing blockchain projects backed by established financial entities and "suits."