As long as the community has sufficient consensus, and the subsequent product examples are strong enough, combined with the potential of storytelling, it can withstand the pressure from centralized exchanges (CEX). The AI agent sector needs to undergo stress testing to prove its sustainability.
In this cycle, we can observe not only the power dynamics between CEX and decentralized exchanges (DEX), but also the checks and balances between on-chain communities and off-chain CEX.
Both essentially compete for dominance over liquidity. Unlike previous cycles, on-chain entities have begun to exert substantial pressure on off-chain ones.
In the long run, the power on-chain will continue to grow.
