Following Brother Fish's tweet, I would like to add some of my understandings.
Bitget's actions in this cycle are very straightforwardly replicating the previous Binance + BNB + BSC strategy, with both similarities and differences.
In this cycle, I believe BNB is gradually shifting from Alpha to Beta, while BGB is slowly revealing its potential Alpha attributes.
The reasons for this are as follows:
➣ Binance has firmly established itself as the leading exchange since its founding in 2017 through two cycles. However, it has faced criticism in recent years, such as last year's insensitivity to the BTC ecosystem, the bumps and bruises of the Web3 wallet, and the painful state of new coin listings.
The main reason is still the high position and heavy burden. Some demands that seem very common to users may cause a butterfly effect for Binance, where a small issue could lead to large repercussions. The massive increase in trial-and-error costs has resulted in their actions always being a step behind, making it difficult to fully showcase their capabilities.
On the other hand, Bitget is more flexible and agile, with a lighter burden. This makes their trial-and-error costs very low, allowing them to listen to various user opinions and quickly implement feasible ideas, bringing users a great experience and a feeling of being highly valued.
➣ The development of BSC relied on DeFi Summer, while Morph's growth will depend on Consumer Summer. The positioning of the two actually represents different product philosophies of Binance and Bitget.
Overall, DeFi signifies a strong financial attribute, and looking at Binance's public chain operation strategy and recent coin listings, a large part still revolves around building DeFi. Therefore, Binance will focus more on innovation and exploration of financial products, which can also give a rough idea of Binance's upcoming layout strategy in the BSC ecosystem; I think it should cover more than half of the projects 🤔.
In contrast, Bitget has chosen to listen to the market's voice, actively learning about market trends and conducting relevant research on hot projects to determine whether to list them on the exchange. Compared to other exchanges, Bitget's actions are quite fast; it almost always leads the way in the rotation of every wave of hot trends and related project listings.
Moreover, Morph targets the Consumer ecosystem, which revolves around user needs. Everyday usage scenarios such as e-commerce, payments, and ticketing will likely introduce more relevant consumer application scenarios based on user feedback in the future.
In summary, BGB and Morph still have huge potential for growth, and the good show is just beginning. It's difficult for BNB to see multi-fold surges in the short term; after that, it will depend on the corresponding strategies.