Looking back at 2024, the cryptocurrency field was magnificent. In terms of regulation, the European Union officially implemented comprehensive and detailed cryptocurrency asset regulatory regulations, which defined clear behavioral boundaries for industry participants. This enabled many institutional investors to enter the market with peace of mind and injected a large amount of funds and professional resources into the market. In the technological field, the achievements were even more remarkable. Ethereum completed a key upgrade. Its sharding technology was successfully implemented, greatly enhancing transaction processing capabilities. The network congestion situation was significantly improved, and transaction costs were also reduced. As a result, it triggered a new wave of innovation in the DeFi ecosystem. Numerous new lending and trading protocols emerged like bamboo shoots after a spring rain. Bitcoin also attracted much attention this year. As some large listed companies included Bitcoin in their asset reserves, its status as "digital gold" was further consolidated. The price broke historical highs multiple times, attracting the attention of global investors and pushing the market value of the entire cryptocurrency market to a new level.

Looking ahead to 2025, the prospects for cryptocurrency are promising. With the surging global digital wave, cryptocurrency will emerge in more fields. In cross-border e-commerce, it is expected to become the mainstream payment method, breaking the cumbersome and limitations of traditional payments and accelerating the flow of global trade. Smart contracts will deeply penetrate industries such as insurance and real estate, realizing the automation and transparency of business processes. In addition, the pilot of central bank digital currency will be more extensive. It will complement private cryptocurrencies in different scenarios and jointly shape a more convenient, efficient, and diverse financial ecosystem. It will paint an imaginative future picture for global economic development and continue to write its legendary story in the new year, bringing more opportunities and possibilities to market participants.

Regarding the XMTP protocol, I believe it has revolutionary potential in the Web3 field. XMTP achieves seamless interaction between different platforms, applications and services in a decentralized way, which not only improves the security and privacy of communication but also gives users full control over their identities and data. As the XMTP ecosystem continues to expand, its application scenarios in areas such as the NFT market and DeFi will be richer, bringing innovative communication solutions to Web3 project design. In the future, as XMTP supports more functions and cross-chain communication, it is expected to become an important bridge connecting Web3 users and applications and promote the development of the entire ecosystem.