jakiro
Author: Haotian Source: X, @tmel0211
They are all shouting that the bull is coming, but do you know that the methodology of finding the market in this wave of Alpha and Beta is completely different? Let’s talk about some observations:
1) OnChain+OffChain TradiFi becomes the main storyline
Stablecoin infrastructure:Stablecoins have become the “blood” connecting traditional finance and DeFi infrastructure, locking in the cross-chain flow of stablecoins, APY Yield differences and new innovation expansion;
BTC/ETH micro-strategy “coin stock” effect:It has become a trend for listed companies to include crypto assets on the balance sheet, and finding high-quality targets with potential “accurate reserve assets” has become the key;
To Wall Street Innovation Track Rises:DeFi protocols, compliant income products, and on-chain asset management tools designed specifically for institutions will be favored by huge funds.The original “Code is Law” has become a brand new “Compliance is King”;
2) Crypto pure native narrative speeds up
The Ethereum ecosystem ushers in a wave of revival:ETH price breakthrough will rekindle the innovation wave of technological narratives in the Ethereum ecosystem, replace the past Rollup-Centric strategy, and the new ZK-Centric will become the main theme;
High-performance Layer1 strength competition:It is no longer a TPS competition, but depends on who can attract real economic activities. The core indicators include: the proportion of stablecoin TVL, native APY yield, the depth of institutional cooperation, etc.;
The last dusk of altcoins: The generalized large-scale copycat season has the fundamental problem of insufficient capital momentum, and some altcoins will experience a “dead cat jump” market. The characteristics of this type of target: chip concentration, community activity, and whether it can be used with new concepts such as AI/RWA;
3) MEME coins have been upgraded from speculative tools to market standard
Funding efficiency: Traditional altcoins have inflated market value and exhausted liquidity. MEME coins have become the new favorite of funds for their fair launch and high turnover rate, and will seize most of the market share of near-death altcoins;
Attention economy dominates:KOL influence, community cultural construction, and hot FOMO model are still core competitiveness, and liquidity distribution still follows the law of attention;
New indicators of public chain strength:The activity of the MEME currency market will be an important criterion for measuring the comprehensive strength of the public chain.
