In the current cycle, the main hot sectors are AI, RWA, and MEME.

Last year, AI was the dominant sector, followed by RWA, with MEME in third place. However, this year AI has dropped to third position.

AI technology evolves rapidly, with swift shifts in hot topics, from computing power, parameters, and data accumulation to multimodal and vertical industry applications, and then the emergence of Agents. Just in the field of Agents, last year representative individuals like GOAT, platforms like Virtual, and architectures like Eliza were all the rage, but now they have largely entered a phase of deflation.

Currently, ALCH, a no-code Agent development platform, is on the rise against the trend, benefiting from chip accumulation and the ease of being boosted by hot topics.

I expect that a number of no-code development tool AI products will emerge one after another, and if combined with concepts related to MCP, it may lead to a third wave of enthusiasm for AI.