Hot topics come and go, and rankings are constantly changing. But the excitement itself has never been able to change anything — what truly matters is always the direction of the choice.

Projects like Rayls made up their minds early on: not to follow the old narrative path, but to turn towards the hard needs of banks and institutions, and to build themselves into professional-grade infrastructure.

Looking ahead to 2026, it becomes clear that the discussion has already started to subtly change — institutional investors are no longer primarily concerned with how fast TPS can run, but whether the system can truly meet the hard metrics of compliance, security, and scalability. From chasing the hype of blockchain to providing infrastructure for actual financial services, this shift in identity reflects an inevitable trend in the entire ecosystem moving from a cycle of speculation to a cycle of application.