The Rise of AI, Blockchain's Reckoning, and NoteChain's Historic Mission
Year-End 2025 Reflections: As AI transforms everything, where does blockchain go from here?
Introduction: Standing at a Historical Crossroads
2025 is drawing to a close. This year, we witnessed artificial intelligence evolve from "an impressive tool" into "a force that fundamentally reshapes productivity." Meanwhile, the blockchain industry—caught between Hyperliquid's meteoric rise and stablecoins' continued dominance—has finally begun asking a serious question: Beyond speculation, what can we actually build?
A year ago, we made a core observation in the NoteProtocol Whitepaper: Stablecoins have surpassed native blockchain tokens as the truly meaningful application. Today, the market has validated this thesis—stablecoin market cap has exceeded $314 billion, with annual transaction volume reaching $27.6 trillion, surpassing the combined volume of Visa and Mastercard for the first time.
NoteChain was born against this historical backdrop.