Several track time cycles

1. Summer of DeFi, from November 2020 to May 2021. The revival in the second half of 2021 only involved the OHM series and CRV-CVX series. Lasted for 6 months.

2. Blockchain games, from July 2021 to early 2022, with most peaking in November 2021, lasting for 6 months.

3. NFTs, the first wave was inauspicious, the second wave lasted about half a year, with monthly peaks.

4. Inscriptions, one wave in May 2023, from October to December 2023, lasting no more than 3 months.

5. Memes, from February to May 2024, with Pepe leading the meme trend. After that, from September to November 2021, both Clut Coin and Solana flourished, but by then, the FDV had already failed to exceed the 1 billion mark. Moreover, the leaders $PEPE and $WIF have still not broken through their previous highs.

From the perspective of duration and market cap growth, it seems that the meme track has already transitioned from its peak to decline?