While the market is slightly dull due to the recessionary trading in U.S. stocks, some exciting things are also happening in the industry. Yesterday, COINBASE announced its 2024Q2 financial report. In the report, it spent a lot of space talking about promoting the popularization of encryption applications. The work done and the progress made, at the same time in Tokyo, Vitalik also raised the importance of encryption applications when talking about the center of ETH in the next ten years; TON has also added more in the latest major upgrade that is conducive to the embedding of encryption applications. improvement. Obviously, after ten years of laying down the underlying facilities, application will be the most interesting story in the next ten years.