The prospects for cryptocurrency are promising, and the development of internet technology brings new possibilities. With breakthroughs in ZK and FHE technologies, encrypted computation has become possible, heralding the arrival of a world centered around encrypted computation. Globally, tens of thousands of startups are building on this infrastructure, and digital assets have become an important component of the emerging global financial system. The scale and usage of stablecoins are experiencing explosive growth, becoming the most killer application of cryptocurrency, bringing more people into the future on-chain economy. As the application of technology continues to increase, cryptographic technology will bring about significant changes, instilling a sense of optimism.

The execution layer, DA layer, and settlement layer have made some different technical progress in the past few months.

The ZK Rollup scaling team Matter Labs has completed Series A financing, and Arbitrum has abandoned its patent, with the mainnet launch imminent.

Polkadot plans to launch parachains by the end of this quarter, while Cardano faces skepticism from industry insiders.

Progress of public chains such as Cosmos, NEAR, Bluzelle, VeChain, and Solana.