According to the "Bitcoin Q4 Report" released by Messari, the Bitcoin ecosystem experienced explosive growth in Q4 2024, driven by a surge in ETF adoption, a mining boom, and the rise of DeFi. BTC prices rose 48% quarter-on-quarter and 121% year-on-year to $93,400, spot Bitcoin ETF assets under management (AUM) increased 80% to $108.43B, and Bitcoin DeFi TVL surged 693%. Despite the decline in daily transaction volume, active addresses increased, BRC-20 and Runes transactions rebounded, and mining hashrate reached a new high, indicating a further strengthening of the security of the network economy.