The market capitalization of stablecoins has surpassed 280 billion USD, and the flow of funds is redefining the market landscape.

The market is flooded with various news, hotspots, and emotional fluctuations, but what truly matters is always the on-chain funds.

The current trend is very clear—large amounts of capital are seeking a foothold; they are not entering the market randomly, but with direction and purpose.

Do not judge the entire market based on short-term fluctuations; the key perspective lies in three years, five years, or even longer cycles.

This wave is not just about price fluctuations, but a new asset ecosystem is taking shape, and those participating are witnessing history.