The crypto market moves towards mainstream, with 141 projects and 10 individuals awarded the "PARTY AWARD 2025".

In 2024, the crypto market ushered in a landmark year. The approval of Bitcoin and Ethereum spot ETFs opened the doors to traditional finance. After the Bitcoin halving, prices soared, and mainstream media attention significantly increased. The liquidity of stablecoins continued to grow, with on-chain activities heating up. Phenomenal meme coins rapidly rose, leading to a full-blown MEME super cycle. The integration of AI and encryption became a new hotspot, and smart agents became a new standard in trading. This series of events marked the true start of the crypto market moving into the mainstream, laying the foundation for a new cycle.

In this context, the "PARTY AWARD 2025" unfolds with the theme "Becoming Mainstream", aiming to recognize Web3 projects, teams, and individuals that continuously strive to bring the industry into the mainstream spotlight. After a rigorous selection process, a total of 141 projects/companies and 10 individuals stood out, receiving 22 prestigious annual awards.

The vigorous development of the encryption ecosystem is inseparable from strong technological drivers, unique market perspectives, and keen judgment. These factors not only drive industry innovation but also bring significant economic and social benefits. Taking into account multiple dimensions such as technological innovation, ecological development, market influence, and community building, three Annual Outstanding Contribution Awards are selected: Bitcoin, Base, and Solana.

From technical mechanisms to economic models, and then to business models, investment models, and asset issuance methods, these innovative paradigms have pushed for the efficiency and intelligence of the trading environment, achieving asset diversification and value growth, and providing market participants with richer asset allocation choices. The crypto market has opened a new growth cycle in the continuous expansion of depth and liquidity. This selection honors 10 annual innovation awards: ai16z, Ethena, Fractal Bitcoin, GMGNAi, GOAT, Hyperliquid, Mind Network, Polymarket, Pump.fun, and Virtuals Protocol.

The combination of innovative technologies and new business models often spurs disruptive innovation and drives profound changes in the industry. This combination not only enhances the efficiency of technology applications but also brings new operational methods and greater development space to the market. The annual application list covers seven categories: DeFi, Web3 games, Web3 social, RWA, DePIN, AI+Web3 integration, and NFTs, with a total of 45 outstanding applications selected.

Infrastructure is the core engine driving the large-scale application of the crypto market. The continuous iteration and upgrade of various types of infrastructure effectively unlocks more liquidity, injecting new vitality into the entire market. This selection honors 20 annual best infrastructure projects, covering multiple fields such as L1, L2, and tools.

With the maturity of technology and the optimization of infrastructure, the encryption field is ushering in the dawn of the application era. Projects with development potential are expected to break the liquidity barriers outside the circle, becoming the key to driving large-scale adoption and accelerating the mainstreaming process of the crypto market. A selection has identified 25 of the most promising projects from Bitcoin, Ethereum, Solana, and the TON ecosystem.

As an emerging symbol of the attention economy, MEME coins have become one of the most popular and fastest-growing crypto narratives in 2024, thanks to their strong传播力, deep cultural heritage, and loyal community support. This selection honors the 10 most popular MEME coins of the year.

Industry KOLs, as trendsetters and innovation drivers, always stand at the forefront of industry development with their professional qualities, unique insights, and precise foresight. The selection honored 10 of the most influential KOLs of the year.

Web3 conferences not only accelerate the popularization of the encryption world and help more outsiders understand this field, but also inspire industry builders to continuously explore and innovate. Five of the most influential Web3 conferences of the year were selected and honored.

Outstanding investment institutions often possess deep market insights, unique strategic vision, excellent decision-making capabilities, outstanding resource integration abilities, and robust risk control skills. They are not only providers of capital but also builders of the industry's future. Ten annual best investment institutions have been recognized.

Crypto exchanges, as the core hub of the crypto ecosystem, profoundly influence the liquidity and stability of the entire market. Diversified trading products, smooth user experience, compliance construction, and security are key factors determining the success of exchanges. Eight exchanges were recognized as the best exchanges of the year.

In addition, the selection also recognized 10 of PANews' best columns, where these authors lead readers to better understand market trends and technological developments through unique perspectives and deep insights.

The year 2024 is seen as a key turning point in the encryption field, with multiple factors driving profound changes in the market structure. With Wall Street giants joining, Bitcoin halving, clear regulatory frameworks, traditional institutions opening up to crypto asset allocation, the impact of the U.S. elections, and continuous technological maturation, cryptocurrencies are expected to gain a more defined and widely recognized position in the global financial system by 2025. The "PARTY AWARD 2025" showcases emerging trends and developmental potential in the crypto industry through this list, encouraging more pioneers and innovators to actively participate in the long-term construction of the crypto ecosystem.