Compiled by: ChainCatcher
The much-anticipated TOKEN 2049 WEEK came to a successful conclusion last week, and the "Small Composition Creator Competition" about TOKEN 2049 WEEK was launched. ChainCatcher's editorial department selected the wonderful speeches of the guests and the excellent works of the "Small Composition" competition, and extracted the essence for you to take a look.
Token2049 Essentials
The following articles are important articles during the TOKEN 2049 WEEK. They are not based on emotions and convey information and content from a relatively objective perspective. If you want to dig up information, we think these contents are more suitable for reading and have a higher rate of useful information.
Keywords: Solana Seeker (mobile), Polygon, Berachain mainnet and token plan, web3 mobile
Recommended introduction: This article collects important information released during the meeting, some of which is breaking news, and some of the information here may be related to the code of wealth.
Keywords: Layer 2, Rollup
Recommended introduction: Full text of Vitalik’s live speech.
summary:
1. Crypto is no longer in its early stages
2. Ethereum now needs to meet the needs of mainstream adoption while maintaining the values of open source and decentralization.
3. OP and ARB, the two main Ethereum Laeyr 2, have reached an important security milestone called Phase 1, and multiple ZK-based Rollups have also told me that they plan to reach Phase 1 soon. Therefore, Rollups will soon become more secure.
4. We also saw progress in account abstraction this year. We saw more and more people using security tools. We saw EIP-7702.
5. On the Ethereum mainnet, many technical improvements are taking place, making Layer 1 more decentralized and easier to verify while reducing final confirmation time and increasing capacity.
Multicoin Joint Creation TOKEN2049 Speech: Why Solana will surpass Ethereum
Keywords: solana, Layer1, Layer1
Recommended introduction: Multicoin has always been bearish on Ethereum and is keen on investing in Ethereum killers. Now it is the number one supporter of Solana. If you have watched the show where Bankless and Multicoin talk about Ethereum, you don’t have to watch this article. The views are basically the same - except for the part about Solana.
summary:
1. Ethereum is no longer the center of value capture, its development has no clear direction, and its positioning is vague.
2. Solana’s on-chain transaction volume has basically caught up with Ethereum in the past year, and sometimes even exceeded Ethereum.
3. Solana’s token expansion advantages, Firedancer client advantages (a new Solana client that will be launched soon), and hardware expansion advantages cannot be replicated by other communities.
Keywords: Federal Reserve, Ethereum, macroeconomics
Recommended introduction: If you are also a fan of macroeconomics and want to know the impact of the Fed's interest rate cut on cryptocurrencies, this article is definitely worth reading. The speaker caused screams from the audience when he appeared on the stage - this is a topic that everyone cares about.
summary:
1. Falling U.S. Treasury rates may indeed make high-yield tokens more attractive.
2. If Treasury yields fall rapidly (which I think they will), then Ethereum becomes more attractive and the returns I would get from holding Ethereum would likely exceed what I would get from holding USD.
3. If I expect the central bank to unexpectedly cut interest rates significantly, or if they show very aggressive rate cut expectations in the dot plot (the dot plot is a tool used by the central bank to ask each official what their expectations are for interest rates over the next period of time), we will see a significant appreciation of the yen.
4. If we expect the central bank to aggressively cut interest rates in a deteriorating economic environment or financial crisis, then there is no reason to invest money in these RWA (real world asset) protocols.
How did KOL Ansem and singer Iggy Azalea talk about Meme Coin at Singapore TOKEN2049?
Keywords: Meme, consumer application
Recommended introduction: This is a compilation of the wonderful collision of views between two guests at the TOKEN2049 roundtable "The Virality of Value: Memecoins in the Attention Economy".
summary:
1. Meme tokens focus on four key attributes: relatability, distribution, virality, and scalability.
2. The core focus of this cycle is consumer adoption and consumer applications.
3. From a macro perspective, this cycle is still closely related to meme coins, and smart money will gradually flow to infrastructure projects, DeFi and other fields.
4. Cryptocurrency is gradually entering the retail market, and simple token integration is no longer sufficient to attract users.
Solana Breakpoint 2024: The Secret Code of Solana
This is a highly reputable TOKEN 2049 WEEK event, which is comparable to the main venue due to its intensive speeches and high-intensity output. More importantly, the conference revealed a lot of wealth codes around the ecosystem on Solana.
Solana Breakpoint Review: A look at the hot trends in the ecosystem
Keywords: major announcement, partnership announcement, issuance
Recommended introduction: This article is the first recommended article. If you want to know what the project dynamics in the Solana ecosystem said at Solana Breakpoint 2024, you can basically find it here. There are many news that the official social media of the project did not release before the day, which can be said to be exclusive and first-hand information. The importance may affect your wallet.
15 potential benefits you can’t miss on Breakpoint
Keywords: Jupiter (JUP), Solayer, Birdeye
Recommended introduction: Content that is more closely related to the secondary market, with special attention paid to token airdrop information.
Solana’s new mobile phone Seeker is unveiled. Can it make its money back through airdrops this time?
Keywords: Seeker, Saga, second generation
Recommended Introduction: Information about the Saga second generation Seeker.
Abstract: Solana Mobile, a subsidiary of Solana Labs, officially announced the new web3 smartphone Seeker, which is the second generation of web3 smartphone developed by the company after the first generation web3 phone Saga. Earlier this year, Seeker started pre-sale in the form of "Chapter 2", and according to official announcement, pre-sales have exceeded 140,000 units.
TOKEN2049 Emotional Essay
Emotions are an important part of the market and are highly correlated with trading enthusiasm. The following articles are more story-telling and on-site.
Keywords: Business
Recommendation: Well-known KOL @starzq attended many meetings and summarized them from his own experience. The content is very down-to-earth.
summary:
1. Ranking by interestingness: Network State Conference > Breakpoint > Token 2049
2. At Token 2049, I felt a strong business atmosphere and high-level topics (of course, the guests were all big names);
3. What I feel at Solana Breakpoint is the active product construction atmosphere, engineering culture, innovation in the financial industry, and the emphasis on the Chinese community;
4. At the Network State Conference, I felt the most diverse attendees and speakers, the most cutting-edge Network State attempts and progress, and I could truly appreciate the concerns of the pan- crypto/tech community about society, health, and private property, as well as everyone's yearning for the state of "super individuals who can freely live a global life." If you are not in the Crypto/Web3 circle, this part is still attractive. In fact, I did meet non-Crypto people at this conference.
TOKEN2049: As the temperature difference grows, the strong get stronger
Keywords: polarization, increased confidence in Chinese entrepreneurship, confusion
Recommended introduction: Foresight News author Zhou Zhou went to the scene to perceive the market's hot spots and future trends.
summary:
1. Solana, Base, TON, and BTCFi are the four ecosystems that have developed best in the past year.
2. Singapore's second largest taxi-hailing app TADA was integrated on Ton, allowing many participants to enjoy the smooth experience of paying for taxi fares with Crypto, giving us a glimmer of hope for mass adoption.
3. I met many entrepreneurs and investors from South Korea, Japan, Singapore, and Hong Kong. These four Asian crypto ecosystems all show very different characteristics.
4. Investors are confused, entrepreneurs are confused, builders and retail investors are even more confused.
Love in the clubhouse - commemorating our hard work every day
Keywords: Club, Crytoria
Recommended introduction: Ni Da @Phyrex_Ni satirizes the strong business atmosphere and impetuous entrepreneurial spirit of the TOKEN2049 main venue in an obscure way - how a scoundrel gradually achieves class advancement through constant business socializing and self-packaging. Although it is not nutritious, it is still interesting. And you will think that the author's attitude is very sincere.
In addition, Ni Da also wrote another short essay:
https://x.com/Phyrex_Ni/status/1837534777727242578
Core ideas:
- There are almost no "leeks" participating in Token2049, and those who pay for the ticket price are often those unwilling industry insiders; Token2049 itself is a large social stage, a stage for project parties to showcase themselves to capital, exchanges, and KOLs, but not directly to users.
- Token2049 is like a shackle on the heads of project owners, but they have to convey it to users and exchanges. The project becomes the biggest "payer", but the money of the project owner comes from VC.
- Accelerators and incubators between VCs and project owners are gaining popularity, especially those backed by leading public chains or ecosystems. In the coming period, high-quality accelerators will produce a number of projects that can stand out despite the shortage of liquidity.
- Everyone tries to avoid talking about the losses between industries; everything is interconnected and mutually restricted, this is the truth behind Token2049.
Jewish Director Zhao: Cycles, Dawn and Liquidity Impotence
Core ideas:
1. I have never seen European and American project parties work so hard;
2. The information gap between Europe, America and Asia is still huge, and European and American project owners still think that Asia still has money;
3. The lack of liquidity in the Asian market also made it so difficult to write this year’s Chinese essay. Even after a busy week, participants could not express any feelings, because whether it was investors, project owners, KOLs or retail investors, they had basically run out of bullets;
4. SOL's Breakpoint is the brightest star of this year's Side Event
5. If Vitalik was still the "Emperor Xian of Web3" in April, then the little Vitalik who sold coins for love in September can only be the "Ethereum King You of Zhou". He clamored in a confused way to "ban some Layer 2s that do not meet the standards", just like a tyrant who loves beauty more than the country and is unable to tie up a chicken but is determined to reduce the power of the vassal states;
6. Real-name optimistic directions include: Consumer Electronics' DePIN project, CeDeFi RWA as the underlying pledge to issue stablecoin projects (BlackRock Buidl + USDM), all on-chain transactions + all tools to increase on-chain leverage (Perp Dex)
Shenyu did not write a short essay, but drew a picture:
https://x.com/bitfish1/status/1835968542795345996
He believes that the current market trend is confusing, and divides the market into two dimensions: crypto native vs traditional, infrastructure vs application. Now, the second quadrant is very confused, the third quadrant is shrouded in FUD, the fourth quadrant has some breakthroughs, and the first quadrant is busy enjoying the traffic dividend.
Web3event @DawnsXu : How much economic benefit will Token2049 bring ?
summary:
1. Attendees: The official data is more than 20,000 people. It is estimated that the actual number of ticket purchases may be close to 15,000. Based on the average early bird price of 699, the ticket revenue is close to 10 million US dollars.
2. Sponsors: Official data shows that there are 400+ sponsors. Based on my guess, the average sponsorship is 50,000 U.S. dollars. 400X5 = 20 million U.S. dollars in sponsorship income
3. Peripheral activities: According to official statistics, there are more than 700 peripheral activities. Assuming that the average cost of a peripheral activity is 20,000 U (general scale), the investment here is also 14 million US dollars.
4. Travel expenses: 20,000+ crypto practitioners bring economic benefits to Singapore, with a consumption scale of approximately 60 million US dollars
5. In addition, there are many more #meme coin activities. The overall proportion of foreigners in Singapore has increased significantly. Perhaps 40% are foreigners and 60% are Asians.
