A few days ago, I went to Hong Kong and met many old friends, including those from Canadian pension funds, traditional asset management, Hong Kong stock brokers, and RWA professionals in the cryptocurrency industry. I found that the boundary between traditional finance and cryptocurrency is becoming increasingly blurred, and talents from both sides are exchanging with each other. I even had an excellent Indian pancake. As someone who has been calling for the end of native encryption for 25 years and the opportunity to move closer to traditional industries, today I will share some industry observations on how to solve the current growth problem as a leading cryptocurrency exchange. The conditions are ripe: 1) The traditional market space is huge, and encryption is still in its early stages, which can be penetrated Traditional financial services market: $36 trillion Payment market: 788 billion US dollars Social market: $208 billion Current size of cryptocurrency exchanges: approximately $55 billion 2) By 2030, the number of encrypted users will grow from 700 million to 2 billion, which is one of the biggest growth opportunities in the financial sector In addition to transactions, growth will also come from: payments, revenue generating products, tokenized assets, social and community discovery, on chain services, and more. There are many opportunities throughout the entire landscape 3) Real adoption of signals: encryption has the infrastructure to go mainstream The supply of stablecoins has exceeded $320 billion, with a monthly trading volume of $7.2 trillion, surpassing the ACH network in the United States Tokenized real assets (RWA): market size exceeds $25 billion These are not narratives, but real data, and the encryption infrastructure has reached a scale level, making comprehensive integration possible. The most promising opportunity here is Binance. As a leader in the field, Binance is building an integrated financial super application, which includes four levels: intelligent layer (AI tools), community layer (social and discovery), growth layer (income, wealth management and fund tools), and basic layer (trading, payment, infrastructure). Financial, social, and encrypted platforms are gradually integrating into a unified entrance, and Binance has taken the lead. Binance is continuously building around four levels to enable encryption to truly have the ability for large-scale applications.