The development trajectory of the cryptocurrency ecosystem over the past decade has witnessed a transformation from a single asset to diverse innovations. In 2009, Bitcoin was born, opening the door to decentralized assets. By 2010, mining became mainstream, and in 2011, various altcoins emerged endlessly. The turning point came in 2015—Ethereum's emergence revolutionized the game with smart contracts. In 2017, the ICO boom swept the market, fundamentally reshaping project financing methods. In 2019, DeFi began to sprout, recreating traditional financial functions on-chain. In 2020, liquidity mining exploded; in 2021, NFT culture erupted; in 2022, DAO governance models emerged; in 2023, AI and crypto integration became a new trend; in 2024, real-world asset tokenization (RWA) became a focus for institutions. By 2025, the wave of tokenization is reshaping asset forms. Each stage marks the deepening and evolution of the Web3 ecosystem.