Looking at the market performance of altcoins, the market has quietly shifted from speculation and hype to a more pragmatic approach - value coins are slowly gaining the upper hand. In contrast, some newly launched PPT (PowerPoint presentation) projects are worse than each other, the hype comes and goes, the price goes up and down, and they are fundamentally unstable.

On the other hand, some projects with real revenue and clear uses, such as Aave, Pendle, MKR, Hype, Syrup, Cake, etc., although they haven't experienced significant ups and downs, their overall trend has been very stable in recent months, and some are even slowly rising. They are like the "blue-chip stocks" of the crypto world, relying on solid value support instead of speculation.

I myself am increasingly convinced that these honest projects that are doing things seriously, have revenue, and have application scenarios will go further than those L1 (Layer 1) platform coins that are hyped up. After all, L1 has been popular for several years, and valuations have been pushed too high, so bubbles will always be squeezed. The next market is probably "stop dreaming, it's time to return to reality." #加密市场回调