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The 2025 crypto ecosystem experienced a strong surge—decentralized exchanges (DEX) trading volume soared, emerging compliant markets accelerated their global expansion, while centralized exchanges (CEX) continued to maintain a steady upward trend. More notably, on-chain wallet activity doubled, which fully reflects the dual increase in Web3 user base and ecosystem enthusiasm. The entire industry is characterized by multi-chain parallelism and diverse prosperity. Entering 2026, this growth momentum still has significant room for extension, and market participants' expectations for ecosystem iteration and innovative applications continue to rise.