In the past, the feeling of being on-chain was that memes were more about emotions, narratives, and the influence effect, combined with the community.

The influence of figures like Musk calling out coins attracts the attention of big whales. Then the price rises, or good IPs are discovered, and the promotion of TikTok trends is more about emotional attention to memes.

Currently, as I engage with the blockchain, I have returned to the sensations of the last bull market, which is about investment research, studying project backgrounds, and researching development directions. It feels like searching for valuable coins on-chain. Moreover, developers are directly engaging with the community, the code is open-source, and everything is transparent. If your developers recognize your code, capital will follow.

The value coins on exchanges are mostly still following the same pattern from the last bull market, with no substantial substance, no community involvement, and they are all about raising funds through white papers, solving what problems? They solve the cash-out issues for the big players.

Currently, the focus is on mining opportunities on-chain.