During that time, scrolling through friend circles, I could see every few posts:
'Today, it has risen quite a bit.'

'XX project is launching!'

Just go for it.

But now, the crypto circle is as quiet as if nothing has happened.
Very few people talk about it in their friend circles.
The stories of 'financial freedom' are nowhere to be seen.
Many people feel that this circle has already failed.
But the actual situation is —
Beneath the seemingly calm surface, new changes are quietly brewing.
After learning about it, I found several interesting situations:
1️⃣ The speed of technological updates is accelerating.
Previously, it was just simple tokens; now projects focus more on practical applications, such as decentralized storage, cross-border payments, and privacy protection.
2️⃣ Institutions are quietly laying out their strategies.
As retail investors' enthusiasm wanes, many traditional enterprises and capital are starting to enter, seizing the initiative in technology and resources.
3️⃣ The ecosystem is slowly becoming more complete.
From trading and storage to on-chain applications, it is much more stable than before, and the barriers to entry are also lowering.
What resonates with me the most is:
Those who are truly in this circle long-term no longer talk about 'getting rich' every day,
but quietly study, record, and accumulate.
Because they know in their hearts — the excitement is only temporary, while accumulation and sedimentation are what matter in the long run.
📌 Perhaps, this is the true face of the crypto circle:
When the noise fades, what remains is the core force that can drive industry development.