After multiple bull and bear cycles, the crypto ecosystem is increasingly focusing on two things: compliance and real-world applications. Projects that can solidly address these two aspects tend to survive longer.

Take a Layer1 project founded in 2018 as an example. Over the past eight years, it hasn't been aimlessly experimenting but has been deeply focused on a clear direction—building financial infrastructure that is both regulatory-friendly and privacy-preserving. This positioning is quite deliberate; unlike other Layer1s that aim to be a "master key," this project has embedded compliance and privacy into its core architecture from the very beginning. Through modular design, it can meet the stringent regulatory requirements of institutional clients while also catering to ordinary users' needs for transaction privacy. In simple terms, it has built a bridge between traditional finance and the crypto world.

The integrity of its ecosystem makes this project’s competitive edge more apparent. Once the application layer solutions are launched, the barrier to entry for developers is significantly lowered; the launch of the RWA platform has created a compliant on-chain channel for traditional assets. Whether it’s security tokenization, compliant payments, or decentralized financial services, corresponding solutions can be found within the ecosystem. This closed-loop design is essentially a practical answer to a fundamental question: what can blockchain actually do for the real economy?