I reviewed the Binance report on (2025 Blockchain Status), and some data made me ponder; it’s not just a simple stack of numbers, but reflects the transition of cryptocurrency from wild to mature.

Today, I want to share my interpretation, starting with market size. In 2025, the total transaction volume of platforms will reach 34 trillion dollars, with the spot market exceeding 7.1 trillion. Even more impressive is that the daily average trading volume has increased by 18% year-on-year. What does this mean?

The market pie is getting bigger, but traffic is increasingly concentrated at the top. Binance has handled nearly half of the global BTC and ETH trading on most days, practically becoming a liquidity 'black hole'.

From my observation, this is not a bad thing, but an inevitability of survival of the fittest. Both retail and institutional investors prefer high liquidity platforms because no one wants to get stuck at a critical moment. But this also reminds us that small platforms are being squeezed, and in the future, perhaps only a few giants will dominate.

The 'Matthew Effect' in crypto is becoming increasingly evident, what do you think? Let's talk about Alpha 2.0, which excites me the most. Last year, its trading volume broke $1 trillion, attracting 17 million users to mine on-chain, and it also issued $780 million in airdrop rewards.

This is no longer just about trading coins, but a real money 'adventure game'. The boundaries between CEX and Web3 are completely blurred here, as users seamlessly slide from centralized exchanges into the decentralized world, participating in early projects and earning returns.

As a KOL, I have seen too many people start and thrive from DeFi, and this data confirms my view: crypto is no longer gambling, but ecological participation. 17 million people is not a small number, which shows that the public is beginning to normalize on-chain exploration. But the risks are also significant; while airdrops are sweet, there are mixed-quality projects, and I advise newcomers not to go all in but to start small and learn to assess project potential.

The most overlooked yet critical aspect in the report is safety and compliance. The platform intercepted $6.69 billion in risky funds last year, and this amount is enough to crush many small and medium exchanges. At the same time, through reserve proof, publicly verified assets reached $162.8 billion.

This reminds me of the chaos in early crypto: hackers rampant, funds evaporating. Now, the industry has shifted from barbaric growth to mature infrastructure, and quantifying 'safety' is a milestone. Trust is not just talk; it’s backed by data. Without compliance, high liquidity is useless; without safety, no matter how much exploration is done, it will all turn to bubbles.

In my view, this is the 'passport' for entering crypto—not just regulatory requirements, but also the bottom line for user self-protection. In general, the keywords for crypto in 2025 are: liquidity domination, exploration normalization, and trust foundation.