Chainfeeds Introduction:
Crypto researcher Ignas believes that the current market is still uncertain, but this uncertainty is bullish, not bearish. His article analyzes and interprets the market uncertainty from both external and internal aspects.
Article Source:
https://www.ignasdefi.com/p/uncertainly-bullish-state-of-the
Article author:
Ignas | DeFi Research
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Ignas | DeFi Research: Few people are excited about the new AI-based ZL L2 (Zircuit), however, this is bullish news. We finally realize that consumer applications need to benefit from infrastructure. VC money ends up going to applications, not infrastructure. The big winner in the consumer application space is Polymarket. Not only is it a great helper for speculation, but it is also a reliable source of truth in an era dominated by biased traditional media. In addition, there are several consumer applications worth checking out: Receipts, Sound.xyz, Fileverse, etc. This cycle is in desperate need of radical innovation in token economics. Even Memecoin has shown more innovation through its issuance model on pumpdotfun. In addition, another area of innovation from 0 to 1 is the re-staking of AVS. Eigenlayer's dual token structure (EIGEN and staked bEIGEN) allows forks to be managed through social consensus. Recently, Karak announced a partnership with Etherfi and Maker to launch its re-staking token. Karak’s “universal restaking” brings staking functionality to any token. It increases the utility of tokens by helping to decentralize any chain and adding additional utility. If Ethena, Etherfi, and Karak’s restaking utility model succeed, we may see a significant increase in liquid restaking tokens for other DAOs, which will increase the valuation of restaking platform tokens (especially Symbiotic and Karak, as Eigenlayer does not currently support other assets) while also increasing the value of the DAO tokens themselves. 【Original text in English】
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