Author: Haotian Source: X, @tmel0211
Everyone is shouting about bulls, but can you understand that this wave of seeking market Alpha and Beta methodologies is completely different? Here are a few observations:
1) OnChain+OffChain TradiFi Becomes the Main Narrative
Stablecoin Infrastructure: Stablecoins become the "blood" connecting traditional finance and DeFi infrastructure, focusing on cross-chain liquidity of stablecoins, APY Yield differences, and new innovative expansions;
BTC/ETH Microstrategy "Coin-Stock" Effect: It is becoming a trend for listed companies to incorporate crypto assets into their balance sheets, with the key being finding high-quality targets with "quasi-reserve asset" potential;
To Wall Street Innovation Track Rising: DeFi protocols designed for institutions, compliant yield products, and on-chain asset management tools will attract massive funding. The original "Code is Law" has become the new "Compliance is King";
2) Crypto Native Narrative Accelerates Distinguishing Truth from Falsehood
Ethereum Ecosystem Welcomes a Renaissance: ETH price breakthrough will reignite the technological narrative of innovation in the Ethereum ecosystem, replacing the previous Rollup-Centric strategy, with a new ZK-Centric becoming the main theme;
High-Performance Layer1 Strength Comparison: No longer a TPS race, but who can attract real economic activity, with core indicators including: stablecoin TVL proportion, native APY yield rate, depth of institutional cooperation, etc.;
Altcoins' Last Twilight: The general big altcoin season fundamentally lacks funding momentum, with local altcoins showing "dead cat bounce" trends. Characteristics of such targets include: chip concentration, community activity, ability to catch new concepts like AI/RWA;
3) MEME Coins Upgrade from Speculative Tools to Market Standard
Capital Efficiency: Traditional altcoins have inflated market value and liquidity exhaustion, while MEME coins with fair launch and high turnover become new capital favorites, set to occupy most of the dying altcoin market share;
Attention Economy Dominance: KOL influence, community cultural construction, and hot FOMO patterns remain core competitiveness, with liquidity allocation still following the attention rule;
New Indicator of Public Chain Strength: MEME coin market activity will be an important standard for measuring the comprehensive strength of public chains.
