Looking back at 2025, more and more participants have to admit: the returns from this year's yield farming are not ideal. There are plenty of projects and participation is not low, but very few have truly succeeded—airdrop rewards continue to shrink, token issuance peaks immediately, and liquidity support is insufficient, gradually becoming the norm.

What was once seen as a low-risk "consensus dividend" in yield farming now resembles a highly competitive selection mechanism. As the dividends fade away, the problems become clearer:

Should we continue to participate indiscriminately, or should we reassess our time, risks, and expectations?

PANews Year-End Review of Cryptocurrency

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。