The market is quite boring, let's take a simple outlook.

#25.6.8

1. PayFi

The previous tweet said that $TRX is the real leader in the PayFi narrative. This is undoubtedly true. I previously naively thought that Solana and ETH Layer 2, with their fast speeds and lower fees, could potentially capture market share from Tron.

However, after looking through a series of materials, I realized that Tron's fundamental base lies in the adoption of USDT by gray market addresses. Other public chains find it hard to get a piece of this pie—firstly, Tron is very stable, and secondly, there is user inertia.

Currently, the only possible threat to it might be $TON, but it still falls a bit short.

$TRX also has a USD1 narrative, but it's not clear yet when USD1 will be deployed on Tron.

The two tickers involved here are $TRX and $JST.

2. Twitter Narrative

The origin came from seeing the collaboration between Twitter and Polymarket, which got me thinking about whether there will be large-scale speculation on related concepts in the future—specifically, projects that can collaborate with Twitter or utilize the Twitter API.

I think the probability is quite high. The starting point for this narrative could be after the deep integration of Polymarket products with Twitter products. The specific and clear timeline for speculation might still take a long time to determine.

3. AI & Robot, RWA narrative doesn't have any new ideas; if there are ideas, I will update.