2025 is a very interesting time point. The entire crypto industry has finally passed a clear inflection point and can no longer avoid it. The more than ten-year infrastructure arms race is about to come to an end. The once core battlegrounds of computing power, TPS, cross-chain interoperability, and zero-knowledge proofs are no longer the sole narrative focus.

From a different perspective, Web3 has experienced a long youthful period—an era of crazy trial and error, endless experimentation, and just stacking parameters—and is finally entering a truly mature stage. Shifting from infrastructure-driven to application-driven development is not just a change in terminology; it reflects a fundamental transformation of the entire ecosystem: from "what we can do" to "what the market truly needs."

The emergence of new directions like DePAI may be a signal of this turning point. Instead of solely pursuing parameter limits, the focus is now on how to leverage Web3's features to solve real-world problems and create genuine value. This shift in mindset, to some extent, hints that the next trillion-dollar growth opportunity may lie in innovations at the application level.