By Ignas | DeFi
Compiled by: TechFlow
Investing in most of the last cycle’s tokens is a waste, either they are boring or the teams are already “successful” and are just pretending to care about their projects. Look for exceptions to outperform the market.
Solana is good for trading, but long-term holding is better stored on Ethereum. L2s currently perform poorly in both aspects.
$SOL’s short-term success relies on speculators’ enthusiasm for meme tokens as it is still seen as the epicenter of meme tokens.
In the medium term, Solana has diverse areas to attract the community. They will thrive when the meme token craze subsides.
The future of L2 depends on attracting unique non-forking dapps (think of the $20 million zkSync paid to attract Lens). However, their tokens may lag behind in this cycle due to their poor token economics.
Polymarket is promising, but the user experience is still poor: bridging to Polygon, multiple approval processes, and poor mobile experience.
Polymarket will thrive if it runs on Solana or integrates with account abstractions like the Avocado Smart Wallet.
Polygon should make every effort to retain Polymarket. Conversely, every chain should strive to attract Polymarket.
The main Crypto Twitter account was unable to explain what was happening in the market:
The complexity of cryptocurrencies has increased with the entry of traditional finance, the number of crypto categories has exploded, and they don’t care because they only need 3x to 5x returns to achieve their goals, including me.
The model of exchanging points for airdrops is outdated, but the project team avoids bold innovation due to the risks of TGE.
Innovators who innovate the airdrop-to-points strategy and invent new and attractive token issuance models will perform best. Our task is to find these new token issuance models first to earn the most cash.
Innovation in token economics design has stagnated; teams are focused on fundraising, VCs prefer old proven models, and investors are tired of complex schemes.
DAOs face voting apathy because their protocols become overly complex, resulting in a lack of incentive for holders to participate.
DeFi OG tokens may perform well due to their high circulating token supply and business model: potential catalysts may be fatigue with meme tokens and regulatory clarity on revenue sharing.
The Cosmos ecosystem faces challenges, but its community remains strong and loyal. If the community continues to fight and rise above its current predicament, Cosmos may succeed and rise again, just like Solana.
Disclaimer: These are just my current thoughts and I could be totally wrong. Check out my first rant about the state of the market.
