📝 Major L1 & L2 Trends to Watch Lately 1. BNB - They have sown an unusually large number of seeds in prediction markets, but the biggest deficit among them appears to be PredicFund. - Excluding PredicFund, the places catching my eye are Perp DEX and Hertzflow, where they are following all the Binance personnel. - The growth of U, which is being pushed by both BNB and Tron, is also notable. - Given the current situation, they are supporting USD1, but it seems they are also growing their own assets as a countermeasure. 2. Solana - Recently recruited Seraphim, who led the early growth of Ethena. - Seraphim is expected to support the growth of the stablecoin + RWA Perp. - Judging by the tweets exchanged, it looks like Securitize will also join in. - Currently, projects to watch include Perena, Bulk, and Phoenix. 3. Hyperliquid - The undisputed king. - The pie continues to grow due to the success of HIP3 and the collapse of latecomers. - In comparison, there aren't many specific sources of revenue for the ecosystem, but Nova I'm only keeping a close eye on Markets - Nova Market is a project that helps the community share in the success of the HIP3 market. 4. Base - I think Base might be the only token launch capable of completely overturning the current market sentiment. - The ecosystem feels like it has shifted its focus from social to DeFi -> They have recently been distributing quite a few DeFi incentives. - Among those without tokens, Glider seems to be the most worthwhile for point farming (though it is noisy if you look at the projects scheduled for launch). 5. Sui - Launched stablecoins like suiUSDe and USDsui. - Given their track record of successful in-house development, it seems they are now preparing their own BTCfi. - Recently launched Current Market, a lending service targeting RWA and yield-bearing stablecoins. 5. Emerging Ecosystems - X layer: News is circulating about the reconstruction of X layer, which collapsed along with Polygon CDK. I think they might gain momentum as this coincides with news related to the NYSE. - Ink: Kraken, which has partnered with Nasdaq similarly to OKX. Given that OKB is the benchmark at 1.7 billion, I think it will likely go up quite a bit to match the price. ✍️ Although the market remains uninteresting and swayed only by macro news, I am continuing to follow up on the major ecosystems. Personally, I think it might be Solana's turn to show its potential again after being suppressed for a while. Also, if Base, Ink, and X layer—which are deeply connected to Tradfi—all release their tokens in the future, I think the competitive relationship between the three will be interesting.