Author: Haotian
Everyone is shouting that the bull is coming, but can they realize that this wave of searching for market Alpha and Beta has a completely different methodology? Here are a few observations:
1) OnChain + OffChain TradiFi Becomes the Main Narrative:
Stablecoin Infrastructure: Stablecoins have become the 'blood' connecting traditional finance with DeFi infrastructure, locking in cross-chain liquidity of stablecoins, APY yield differences, and new innovative expansions;
BTC/ETH Micro-Strategy 'Coin-Stock' Effect: It is becoming a trend for listed companies to include crypto assets in their balance sheets, making it crucial to identify potential high-quality assets with 'quasi-reserve asset' attributes;
To the Rise of Innovative Tracks in Wall Street: DeFi protocols designed specifically for institutions, compliant yield products, and on-chain asset management tools will attract huge amounts of capital. The original 'Code is Law' has transformed into the new 'Compliance is King';
2) Crypto Pure Native Narrative to Eliminate Falsehood and Accelerate Truth:
The Ethereum Ecosystem Welcomes a Wave of Revival: The price of $ETH breaking through will reignite the innovative narrative of the Ethereum ecosystem, replacing the past Rollup-Centric grand strategy with a new ZK-Centric mainstream;
High-Performance Layer 1 Strength Competition: It is no longer a TPS race, but rather who can attract real economic activity. Core indicators include: stablecoin TVL proportion, native APY yields, depth of institutional cooperation, etc.;
The Last Twilight of Altcoins: The fundamental problem of insufficient funding dynamics exists in the general altcoin season, while some altcoins may experience a 'dead cat bounce' market. Characteristics of these assets include: chip concentration, community activity, and the ability to ride on new concepts like AI/RWA;
3) MEME Coins Upgrade from Speculative Tools to Market Standards:
Capital Efficiency: Traditional altcoins have inflated market values and exhausted liquidity, while MEME coins, with their fair launch and high turnover rates, will become the new favorites for capital, seizing a large share of the dying altcoin market;
Attention Economy Dominance: KOL influence, community culture building, and hot FOMO patterns remain core competitive advantages, while liquidity distribution still follows the law of attention;
New Indicators of Public Chain Strength: The market activity of MEME coins will be an important standard for measuring the overall strength of public chains.
