最新报道:The 2025 crypto market shows a decisive shift from infrastructure to application-layer dominance, with $4.9B in Q1 venture capital favoring growth-stage DeFi and CeFi platforms. DeFi TVL surged 41% YoY to $123.6B, while NFT markets hit $49B, driven by real-world utility like identity and gaming. Despite infrastructure's $910M interoperability growth, user adoption—14.2M DeFi wallets and 2.8M Web3 social users—signals application-layer projects as the next cycle's engine.