The cryptocurrency industry is undergoing a transformation from speculation-driven to revenue-driven, with the market eliminating projects lacking actual income. Data shows a decline in new token liquidity, and intensified competition highlights the issue of scarce capital. The industry's consensus has shifted to making revenue the core metric, with established projects like Uniswap and Aave maintaining an advantage through stable cash flow, while emerging projects like Shadow and Pharoah achieve commercial breakthroughs by optimizing user experience. Experts point out that building sustainable revenue requires focusing on four key elements: product usability, pricing mechanisms, user retention systems, and tracking real business metrics, along with revenue-driven token economics. Currently, the DeFi sector is exhibiting two major trends: professional-grade aggregation trading interfaces meeting institutional needs, and mobile applications like Hyperliquid expanding the mass market by lowering usage barriers. Analysis suggests that the next wave of industry growth will be led by revenue-driven products with strong user stickiness and clear business models.