If there are any major innovations in this bull market that really impress me, I think there are three: 1. InfoFi: Quantitatively characterizing the social dissemination data of tokens or projects for the first time; 2. AgentFi: The deep integration of encryption and AI has made Agent an upper application, similar to Alipay, and other protocols, including DeFi, have become underlying protocols; 3. RWA: Deep integration of reality and encryption, with unlimited imagination space.