1. Most panelists are pessimistic about market expectations, and even worry that if there is no new innovation and new growth by May next year, the market ecology may be completely reshuffled.
2. Lack of innovation, the stock is concentrated in the top, the top 15 coins weighted by the number of users and market value, such as doge and shib, have fallen 70-80% from their peak, and others are even worse.
(Based on the data I have seen, I would guess that exchange trading volume may decrease by 80% from this year)
3. Decentralized stablecoins and payment applications are two infrastructure constructions that are obvious incremental tracks
4. Faith in the primary market has collapsed. In the past two years, only a small number of people made money by investing in primary market projects.
5. It is difficult to make money in the primary market, so professional financial institutions are involved in the secondary market. Li Lin has invested 500 million US dollars in the secondary quantitative fund, and has entered the market quantitatively to accelerate the profiteering.
6. We currently feel that there are no more than 10 institutions with stable secondary quantitative capabilities.
7. The strategy of the leeks to fight against quantitative quantification is to buy the top 5 coins and hold them without moving, reduce transactions, and hold on.
8. Leeks, buy & hold, the exchange trading volume will decrease, AUM will also decrease, and the exchange will be in trouble.
9. Second-tier exchanges began to invest heavily in marketing, participated in Bitget and XT activities, went overseas with Gate friends, and saw BingX and Weex marketing... Therefore, the marketing costs of exchanges will increase.
10. Ton ecosystem and Solana ecosystem seem to have some structural trading opportunities.
11. As a veteran who entered the Internet industry in 2003, although I see problems, compared with the Internet in 2000, there is still a lot of room for growth in the number of practitioners, skills, infrastructure, number of users, industry volume and sub-sectors.
So, don’t leave the table?
