In terms of infrastructure, the leading factor this year is definitely Ethereum expansion, including L2 and Facet, while Bitcoin L2 plays a pioneering role. A project that integrates the expansion of the Bitcoin and Ethereum networks may be born. I hope it will be Facet (RGB), which can also serve as an off-chain computing platform for other EVM chains, and is actually a new blockchain unification solution.
In terms of applications, both Bitcoin and Ethereum inscriptions will bring a new paradigm of decentralized applications (non-smart contracts). In addition, RWA should also be classified as an application, which may make the scale of top DeFi larger, much larger than the previous bull market. From this point of view, we will definitely be more optimistic about various applications on Ethereum and the corresponding expansion network platform, such as gamefi and socialfi. There will be application projects that will launch their own application chains.
The above are all innovations within the crypto space, but to truly bring billions of users into the crypto space, you may need to look at it from the outside.
Such projects may emerge in the new bull market. Last year's friendtech can be said to be a pioneer of such thinking. In the future, there will be projects that truly achieve a billion-level user scale. Users will not feel encrypted when using it. They can become on-chain users or not, and switching is very simple.
In addition, such a project is best organized in the form of DAO. In the future, once such a project reaches a scale of covering billions of users worldwide and is a new field that capital is extremely optimistic about, such as artificial intelligence, quantum computing, etc., then the market value of its token may exceed the market value of Bitcoin. It is as huge as the market value of Apple, or even larger.
The cognition of traditional top institutions will shift from investing in high-quality companies to investing in high-quality DAOs. The new round of bull market may begin to show initial signs of this. It can be said that I have always believed that there will be application tokens with a market value greater than Bitcoin in the future. Cryptocurrency is not a religion (I just saw the founder of Uniswap say that if cryptocurrencies are purely based on faith, there is no difference between them and religion).
