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After the release of yesterday's viewpoint, the prices of related targets immediately received positive feedback, and this market performance confirms the foresight of trend judgment. After four years of industry accumulation and the reconstruction of underlying logic, the blockchain field is completing a core shift from 'fat protocols' to 'fat applications' for value capture, and 2026 will undoubtedly become the golden development year for fat applications. In a new stage of the market where narratives are retreating and funds are returning to rationality, adhering to value investment and anchoring quality targets with real business traffic, stable profit models, and strong network effects is the core logic and correct path for ordinary investors to traverse the cycle and achieve steady wealth growth.