Where is the future of the crypto world?

Honestly, this market has already been educated by over 30 million counterfeit coins. Ordinary investors have long seen through it; no one is buying into dreams of counterfeit coins anymore. Mainstream coins are not supported by favorable policies, and they can't be pumped either. Relying solely on existing funds to compete is just too exhausting.

What about new projects? They have high development costs and great risks. One misstep could turn them into the next failed L2. The market is cooling down, and exchanges are finding it increasingly difficult to survive. If this continues, many platforms' revenues will be under pressure.

So, what’s the way out? I believe it’s the path of **tokenization of all things**. Bringing gold, silver, and other precious metals, oil, commodities, and even foreign exchange trading onto the blockchain. Using tokens to lower the barrier for ordinary people to participate in these large-scale trades—that’s the real market demand.

Public blockchains and exchanges can earn stable profits through transaction fees, and there’s also capital pushing up the prices of mainstream coins. But the premise is that exchanges must survive. If even exchanges can’t be maintained, everything is pointless.