The rise of Web3 and DeFi

At the same time, the rise of Web3 technology has injected new vitality into the financial industry. Decentralized finance eliminates traditional intermediaries through smart contracts and blockchain technology, providing a transparent, efficient, and low-cost alternative. In 2025, the DeFi lock-up volume is expected to exceed US$500 billion, showing its disruptive potential for traditional finance. In addition, the entry of institutional investors (such as the approval of Bitcoin ETFs) and the gradual clarification of the regulatory environment (such as the EU MiCA regulations) have further accelerated the widespread adoption of Web3 technology.