Looking back at the development of crypto finance, another wave of innovation seems to be brewing. On-chain options are moving from the periphery to the core, reminiscent of the rise of DeFi back in the day. However, history has shown us that new things always advance through twists and turns. The internet bubble in the 1990s and the ICO craze in 2017 served as lessons learned. Currently, infrastructure is improving steadily, and user demand continues to upgrade. On-chain options might truly become the next hot spot. But we must remain vigilant: innovation is important, but risk control is indispensable. We look forward to finding a balance between compliance and innovation this time, bringing real value to the entire industry. After all, only innovations that withstand market tests can promote the long-term development of crypto finance.

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