Author: Haotian
Everyone is shouting that the bull market is here, but do we know that the methodology for finding market Alpha and Beta this time is completely different? Here are a few observations:
I. OnChain+OffChain TradiFi Becomes the Main Narrative
Stablecoin Infrastructure: Stablecoins have become the 'blood' connecting traditional finance and DeFi infrastructure, locking in cross-chain flows of stablecoins, APY yield differences, and new innovative expansions;
BTC/ETH Microstrategy 'Coin-Stock' Effect: It has become a trend for listed companies to include crypto assets on their balance sheets, and finding potential quality targets with 'quasi-reserve assets' has become key;
To the Rise of Innovation Tracks on Wall Street: DeFi protocols designed specifically for institutions, compliant yield products, and on-chain asset management tools will attract huge amounts of funding. The original 'Code is Law' has transformed into the new 'Compliance is King';
III. Crypto Pure Native Narrative to Distinguish Truth from Falsehood Acceleration
The Ethereum ecosystem is experiencing a wave of revival: The price of $ETH breaking through will reignite the innovation narrative of the Ethereum ecosystem, replacing the past Rollup-Centric grand strategy; the new ZK-Centric will become the main theme;
High-Performance Layer 1 Strength Comparison: It's no longer a TPS competition, but rather who can attract real economic activity, with core indicators including: stablecoin TVL proportion, native APY yield, depth of institutional cooperation, etc.;
The Last Twilight of Altcoins: The fundamental issue of insufficient capital momentum exists in the general altcoin season, while some altcoins may experience a 'dead cat bounce' market; the characteristics of such targets include: concentration of chips, community activity, and the ability to ride the wave of new concepts like AI/RWA;
III. MEME coins have upgraded from speculative tools to market standards
Capital Efficiency: Traditional altcoins have inflated market values and exhausted liquidity, while MEME coins, with their fair launches and high turnover rates, have become new darlings of capital, poised to seize a large share of the dying altcoin market;
Attention Economy Dominance: KOL influence, community culture building, and hot FOMO models remain core competitive advantages, and liquidity distribution still follows the attention principle;
New Indicators of Public Chain Strength: The market activity of MEME coins will be an important criterion for measuring the overall strength of public chains.
Click to learn about ChainCatcher's job openings
Recommended Reading:
Dialogue with Oppenheimer's Executive Director: Coinbase's Q2 trading revenue fell short of expectations, which businesses will become new growth points?
Dialogue with TD Cowen's Research Director: A deep dive into the Strategy Q2 financial report, what are the key factors behind the 10 billion net income?
