Seeing that everyone is talking about BSC, I'd like to say a few words as well. I started playing with DEFI during the epidemic. When I first came, I only played with BSC, because there are many people, money, and projects on BSC. For me, DEFI is BSC, and BSC is DEFI. I know all the mechanisms, communities, and ecosystems of BSC very well. Of course, the most important thing is to really make money on BSC. At that time, I hoped that BSC would continue to prosper, but with the continued interest rate hikes by the Federal Reserve, starting in mid-2022, the transaction volume of various projects has gradually declined. During the peak period, it was common for new projects to have a daily transaction volume of 10 million to 20 million US dollars, which has gradually shrunk to New dogs opened for hundreds of thousands of dollars, and the narratives of new projects were nothing new. There were all kinds of imitation and hot disks, such as XXXDOG, XXXAI, and XXXPEPE every day, and the same routine had been cutting the leeks that remained in this market. No one kept falling for the same trick, and slowly no one played anymore. The community became deserted and lifeless, and the whole industry felt like it was going to end. CZ once stood up at this time and Binance prepared 1 billion US dollars to support this industry. At that time, it gave a lot of confidence to many people who doubted the existence of this industry. CZ and his Binance were once the hope of this industry.
The development of BSC missed the best time window to lead the industry. In this process, BSC did not become a benchmark for the industry. There is certainly support for innovation, but it is still not enough. No more breakthrough applications were born on BSC to bring in more incremental users and funds, and no more developers and investors were guided into a more benign public chain ecosystem. In the wild growth, everyone chose speculation that was beneficial to them. Everything was speculation, and speculation was everything.
The situation that BSC is facing today is what all EVM chains need to face. In the golden age of EVM, it is undeniable that many EVM chains have contributed many solutions to the industry and many very valuable projects were born. Today's infrastructure has benefited from the construction of the EVM era. EVM has made great contributions to the development of the industry, but EVM is not friendly to us investors. We use real money to look for projects all over the world, study various white papers, learn various new concepts, and actively participate in various community activities, for fear of missing out on any great projects. As a result, there are traps everywhere, token economics traps, contract traps, airdrop traps, authorization traps, and scientists. People who destroy the ecology can all get money, but small retail investors are lying everywhere, forcing them to leave EVM and go to BTC's inscriptions to seek a fairer way of playing.
When the EVM ecosystem could not maintain the most basic fairness, users began to seek fairness elsewhere. They went to the inscriptions on BTC. The inscriptions gave retail investors the opportunity to participate in the project more fairly, more safely, earlier and at a lower price. There is no Pixiu, no contract, no RUG, and it is a platform for everyone. Even the king of heaven has to pay to mint.
Does the inscription have value? Many R&D or investment advisory teams may sneer at the inscription and hardly look at it, but the popularity of the inscription has continued. BTC has reached 60,000+, which is very strong (because I think the inscription is worthless, I opened a short position on BTC, and it didn’t go down for several months). How much real money and platinum have been wasted in the BTC ecosystem, and the unanchored have also been anchored. Later, I also started to fight, and I fought to the point of madness. The banquet will always end one day. After the popularity of the inscription, major chains began to follow up, dispersing funds and users, and the result was that everyone died together. Although the inscription came and went quickly, it left everyone with the seeds of seeking fairness. Many investors saw it, and many DEVs saw it, and pumpfun was one of them.
What are the similarities and differences between Pumpfun and Inscription? The commonality is to provide a more standardized and fairer way of issuing tokens. Thanks to Solana's SPL token standard, it is very simple and does not require any knowledge of blockchain. Whether the three permissions have been abandoned or the pool has been burned, everyone can buy the coins they find interesting with confidence and boldness, no longer troubled by various traps, and no longer think about the project's grand narrative. Based on the experience of being cheated for so many years, it is better for everyone to be honest with each other, directly PVP, and directly issue coins. Don't talk about narratives, don't do things, do some work, and make everyone laugh, which is more useful than doing some narratives. If you, the project party, talk about doing things, I think you think I'm stupid and want to cheat me. This is almost the choice of users at this stage. Is this also a consensus?
Looking back, investors in the market (leeks) have always been 100% enthusiastic to participate in the industry and provide funds for various ideas, but the vested interests in this industry have not provided basic protection for these leeks. Exchanges, chains, and project parties have to take a layer of skin from us investors. Investors are forced to shift to a fairer way of playing or ecology. From the beginning of ICO, IEO, IDO, inscriptions, Memecoin (pumpfun), it has been constantly evolving, fairness, fairness, and fairness. Where there is fairness, retail investors will go there.
Even if CZ himself steps in and puts his reputation on the line, the current situation is difficult to reverse. EVM cannot provide a relatively fair environment for users, and the biggest beneficiaries are always those who destroy fairness. This is determined by the characteristics of EVM. Users' pursuit of fairness will continue to drive the evolution of the market. The future of the EVM ecosystem, including BSC, depends on whether it can solve the problems of fairness and user experience.
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