In 2025, the DeFi ecosystem will experience a comprehensive recovery driven by technology, policy, and market forces. The AAVE lending protocol, through the innovations of its V4 version, has redefined liquidity management and become a core force in the lending market. Meanwhile, Hyperliquid has quickly emerged as a new dark horse in the derivatives field with its outstanding performance in the decentralized perpetual contract platform. The support of U.S. policies for DeFi has also brought more opportunities to the market, further stimulating innovation and growth. In various areas such as stablecoins, cross-chain solutions, and liquidity provision, DeFi will usher in a thriving development in 2025, becoming an important component of the global financial system.