Currently Disproven Tracks
Gamefi (recently showing slight improvement
Socialfi (Kaito found another good angle
Defi (unclear returns, airdrop/expected value anchoring has serious issues
Layer2 (pseudo-demand
NFT (pricing issues
BTC ecosystem (no need for examples
Mixers
Inscription Runes
Strong technology but misaligned market demand tracks
Staking (retail investors cannot participate
ZK (strong technology
LSD
Depin (can be inferred, cannot be trained
Modular (low demand
Chain abstraction (low demand
Cross-chain bridge (low demand
Cloud computing (unverified
Privacy (low demand, far from funds
Intent (makes no sense
Prediction market (poly dominates
Layer3
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Opinion Alert
Personally favored tracks
Payment Payfi
Some RWA
Derivatives
Sui ecosystem
DEX
Stablecoins
Oracles
Cefi
BTC mining
MCP (AI iteration
FHE
Agent
Storage
MEME
Data analysis
Protocol layer products
