It is recommended to pay attention to the newly launched alpha project PHY, which is a DePIN infrastructure officially funded by Solana. It has three narratives of AI+DePIN+DeFi, and Delphi predicts in its 2025 research report that DePIN will make a comeback. The AI+hardware track is the core, and PHY is just stepping into the middle of the road. Fdv is only a few tens of millions, and the price of deposit and Ai is far more than this. The current price can be used as a first position, and then the position can be replenished. As expected by Han, it is definitely necessary to pull the market. Alpha and Bg can be bought, which is worth investing in.