The number of encrypted projects has surged to #加密项目 , covering public chains, DeFi, NFT, RWA tokenization, and other sectors. Innovation is rapid but there are also issues such as uneven quality, imbalanced token economics, and insufficient team transparency. Some projects lack application scenarios and rely on speculation, which carries high risks. Quality projects depend on technological breakthroughs and regulatory compliance to attract capital, and the market is gradually becoming value-driven. Investors need to pay attention to the team, technology, etc., and avoid blindly chasing high prices.