I think people got burned a lot on the "vaporware" type of projects and we're heading more into the real-yield/utilization era 🤔

In the case of MEME there is basically only speculation. For AI agents we've been in the same bubble because the maybe have some utility but who would pay to use them (or where are their incomes except another AI investment pools etc.). Honor to the exceptions like $VADER, $ANON, $ARC... and some other ofc but except few exceptions we're still on the thin line of speculation. I think traders burned a lot on this kind of "on-chain excitement" and will be heading more into certainty.

Compare this to real-yield projects for example. I'm not talking only about $AAVE, $ENA, $JUP,... but in terms of small caps projects like $LOCK, $RLB, $BANANA, $SYRUP,...for most of them you could not make 100x like in AI agents or other metas but if you bought during the last months then you should be still around BE and not -80% like in the most cases of vaporware metas we've seen in the latest weeks/months with some good incentives above.

I think the attention of the small cap traders should (and will) move this way in the upcoming months. With token dilution (pump fun,...) we see in the latest months this is probably the only meta where you can rely on fundamentally based trading and not on attention based where you have pure PvP and without real edge you'll probably lose your money.

So back to the tables, @tokenterminal and other resources. If you want to make it this cycle then you have to find a way how to choose projects that will remain and take aggressive profits on narratives that pop-out from nothing because in 90% of the cases they get dumped again back to the "reasonable prices". If you know about the good project with real income or utilization I'll be only glad for recommendations 🙏

P.S.: This definitely doesn't mean AI agents era or AI era is done. But focus on real-yield/utilization for the next leg.