Crossing the final moments of 2025, this year has yielded many gains in the multi-chain layout of the crypto market. From the exploration of Hyperliquid to Kaito, then to River's participation, and finally ending with Lighter, the overall returns have been quite good. However, we also paid a lot of tuition on popular public chains like APT, Bera, and Sui, which has been a valuable learning experience.

Thank you all for accompanying us through this year. Let's keep going in 2026. It is said that Variational has made significant progress, and the infrastructure projects being built in the Memecore ecosystem are also worth paying attention to. These new tracks and innovative mechanisms may bring new growth opportunities. Let's look forward to next year's exciting performance and continue to seek opportunities in the crypto world!