Elaine Yang, the investment director of Waterdrip Capital, stated that European and American institutions invest less in the Ton ecosystem due to compliance and position issues, but Telegram traffic cannot be ignored. Asian institutions are paying attention to the Ton ecosystem, but are less active. Waterdrip Capital has been laying out the Ton ecosystem since last year and has more than six projects. Elaine Yang suggests that entrepreneurs pay attention to Telegram traffic, which has low costs but requires screening for user quality. She is optimistic about DeFi, trading, and payment projects on Ton, and foresees an increase in Meme assets in Ton's ecosystem games.