May 6, 2025

On the first day of work, Binance continues to launch new projects on Launchpool, and there is also the TGE of the wallet. The market over the past few months can be said to have been primarily driven by Binance. Binance uses its own resources to forcefully prolong the market's life. Of course, Binance's strategic goal is certainly to consider its position as a centralized exchange, but this wave is indeed commendable. I got involved early and shared updates with everyone. We are currently entering a phase of fierce competition for points, and it's hard to say what will happen next.

In fact, from the frequency of this wave of alpha launches, it can be seen that there are many projects in the cryptocurrency space, especially altcoins. Not to mention those that have already launched, there are countless others that have not. If you ask about the intrinsic value of these projects, I'm sorry, it's too difficult to judge. I can only say that 90% of them are trash, and the final outcome is a descent into obscurity, just ending themselves, though there may be a few rounds of market activity.

In fact, breakthroughs in blockchain technology are quietly happening, especially in conjunction with real-world business, primarily in the financial sector. The most successful aspect is stablecoins, followed by RWA assets, such as government bonds. As for attempts in fields like gaming and social media, based on the current development situation, I can only say that we are still far from applying blockchain technology; it is mostly just hype, having issued a token. However, even so, it deserves praise because finance is one of the top industries, closest to money.

Regarding the market, it has been very dull recently, and the trading of Ethereum ETFs is also nearing a freezing point. Why is it consolidating at this level? It's unknown; being able to continue is a good thing. Many people may feel that the price trend of Ethereum over the past year has been too heartbreaking, but objectively speaking, is there really a more suitable asset than Ethereum right now?

Thank you for your attention and likes.