At the beginning of the new year, the market ushered in the first wave of enthusiasm. Mainstream cryptocurrencies such as Bitcoin, Ethereum, and Solana collectively attracted attention, and the multi-chain ecosystem competition pattern is gradually becoming clearer. Against the backdrop of global macro policy adjustments, institutional accumulation is明显, and new plans for tokenized asset trading are also underway. Whether this market trend can continue depends on the subsequent performance of each cryptocurrency.