Web3 Annual Summary and New Trends

According to a report by Cryptonews, a Cornerstone Research report reveals that under Paul Atkins' chairmanship of the U.S. Securities and Exchange Commission (SEC), the number of cryptocurrency-related enforcement actions initiated by the SEC in 2025 significantly decreased. The report shows that in 2025, the SEC initiated only 13 cryptocurrency-related enforcement actions, a 60% decrease from 33 in 2024, marking the lowest level since 2017.Among these 13 cases, 5 were initiated before former chairman Gary Gensler's departure, while the 8 cases under Atkins' leadership primarily involved fraud allegations, indicating a shift in enforcement focus from broad registration theories to specific cases of investor harm.The total fines imposed on digital asset market participants in 2025 amounted to $142 million, less than 3% of the total fines in 2024. The head of Cornerstone Research stated that this reflects a shift in the SEC's approach to digital asset regulation under Atkins' leadership, with expectations that U.S. cryptocurrency regulation in 2026 will rely more on rule-making rather than ad-hoc litigation.

The encrypted wallet TokenPocket released its 2025 annual report, with multiple data hitting new highs: user downloads exceeded 50 million, total users surpassed 35 million, daily active users exceeded 3.5 million, and monthly active users exceeded 5 million. User growth is significant in countries such as India, the United States, South Korea, Indonesia, and Nigeria.The built-in DEX Transit has surpassed 5 million active addresses, with monthly active addresses exceeding 1 million, ranking among the top in global decentralized wallet DEXs. Throughout the year, weekly active addresses grew by 473%, the number of transactions increased by 687%, and trading volume grew by 668%.The TRON energy leasing service reduces the average cost per transaction by 60%, and combined with energy subsidies, can save up to 95%. Over 8 million addresses have used this service, saving users a total of 55 million dollars in fees; more than 400,000 addresses have received TRON transfer subsidies, saving over 2.1 million dollars.

In the 2026 Outlook Report published by Wintermute, it is mentioned that the anticipated bullish market did not materialize in 2025, and the traditional four-year cycle is becoming outdated. A few large companies have absorbed the vast majority of new capital, leaving the entire market struggling.To expand market participation in 2026, it depends on whether one of the following three scenarios can significantly increase liquidity, moving beyond just a few large-cap assets.ETFs and DATs expand their investment scope, such as SOL and XRP ETFs.A strong rise in Bitcoin or Ethereum could create a wealth effect, but it remains uncertain how much capital will ultimately flow back into the digital asset space.Retail investors' attention may shift from stocks (AI, rare earths, quantum technology) to cryptocurrencies, leading to new inflows of capital and stablecoin issuance. (The least likely scenario)