Arthur Azizov, founder of #OM# B2 Ventures, noted that although the total market capitalization of the cryptocurrency market has reached $2.49 trillion (it is expected to reach $5.73 trillion in 2033), there are serious problems in its liquidity structure. Centralized exchanges' order books can shrink rapidly when the market fluctuates, especially for tokens outside the 20 market capitalization, with liquidity scattered across different exchanges and a lack of a unified pricing mechanism. During the 2022 market crash, mainstream tokens also experienced significant slippage on top exchanges. The recent flash crash of Mantra's OM token proves once again that market depth can disappear in an instant under pressure. Experts believe that the solution needs to start at the protocol layer to improve fragmentation through native cross-chain bridging and unified liquidity routing technology (which has been adopted by some L1s). At present, 70%-90% of the stablecoin trading volume has been completed by automated transactions, and the technical bottleneck has been gradually eliminated.