2025 will be a very turbulent year for the crypto market, and it has also made many people realize the market's uncertainty. It's not that copycat projects can't be played with, but rather that we should evaluate whether a copycat project is worth our investment based on compliance, project returns, and practical applications.

In 2026, I personally believe there are several key sectors to watch:
① BTC, ETH (undoubtedly)

② Platform Tokens
At this Hong Kong conference, we met many exchange executives. Exchanges are now transforming and integrating with traditional finance and RWA. To survive continuously, they need to align with compliance and trends. They will think about how to create convenience for users and expand the exchange ecosystem. Naturally, this involves the role of their own platform tokens. After talking with some exchange leaders, they are eager to improve their platform tokens. Doing so will help their exchanges stand out and attract more traffic.

③ Public Blockchains
Public blockchains serve as transportation hubs within the blockchain ecosystem and are indispensable. During the selection process, attention should be paid to user activity frequency, transaction speed, GAS fees, and whether project teams are willing to develop projects on that blockchain.

④ RWA
For the first time in China, RWA (Real-World Assets) has been officially opened up. As long as projects are compliant, they can be tokenized as RWA on the chain. It is also clearly distinguished that RWA is not the same as virtual currencies. This indicates that the country will focus on developing this sector, aiming for real-world applications and helping enterprises solve relevant problems.