The heat of this wave of cryptocurrency stocks really has a trend of surpassing the 17 year ICO. Traditional giants from small securities firms like Shengli Securities to large securities firms like Guotai Junan have entered the market, while a large number of Chinese and state-owned enterprises are running into the market. In the future, there are actually two types of projects that can be played. One type is completely decentralized applications that do not require regulation or cannot be regulated, such as on chain DeFi. The other type, whenever it involves centralization, must go through the regulatory channel, otherwise there is no future. Countless examples have shown that human nature is unreliable, either through code or regulation. Wherever there is someone involved, there will be tricks, and ultimately, bad money drives out good money, and the entire industry cannot play. Now is the time for crypto to attack the Trojan horse of traditional finance. Traditional finance believed that the cryptocurrency industry was compromising with them and entering their familiar field. But all the assets behind these cryptocurrency stocks are rooted in the chain and are dominated by the cryptocurrency circle. If the scale of cryptocurrency stocks expands by another 10 times, the impact on traditional finance cannot be ignored. The bull talk in the cryptocurrency circle about changing traditional finance was naturally realized.