Q2 2024 Crypto Market: Institutional Acceleration, New Narratives Rise

Bitcoin (continued net inflow into ETFs) and Ethereum (Layer 2 explosion) demonstrate resilience, while Solana becomes the leader among altcoins with its high-performance ecosystem. Emerging sectors like RWA, AI, and DePIN are attracting capital, but the regulatory trends from the SEC remain the biggest variable. The market shows characteristics of 'the strong getting stronger,' and it is necessary to be wary of the risk of corrections in highly valued projects, while focusing on leading projects with solid fundamentals.