#美联储货币政策 U.S. Treasury volatility experienced its largest annual decline since 2009, which actually tells a very interesting story — the traditional financial markets are undergoing a "stability reshaping."

The Federal Reserve's rate cut measures effectively alleviated recession risks, and the anxiety in the bond market has dissipated accordingly. The MOVE index has fallen from 99 at the beginning of the year to 59 now, reflecting genuine market confidence recovery.

But did you know? This phenomenon precisely illustrates why Web3 and decentralized finance are so important — the stability of traditional financial systems heavily depends on the policy adjustments of the "centralized decision-maker" central banks. Whenever policy directions change, the entire market experiences sharp fluctuations. In the world of DeFi, stability comes from transparent protocol rules and on-chain real data, which won't be turned upside down by a single institution's decree.

This "calm after the storm" in the U.S. debt market actually serves as a reminder: decentralized financial systems are the long-term solution. As more people realize this, the value proposition of Web3 will become increasingly clear.

The future belongs to financial ecosystems that do not rely on a single centralized decision-maker — this is the direction we should focus on and participate in.