Source of article repost: On-chain View
After Bitcoin breaks the $100,000 mark, under the market recovery pump, let's review the 10 major hot narratives that could explode at any time:
- Modular;
- Inscription, Rune;
- Ethereum layer2;
- Restaking;
- Bitcoin layer2;
- Intent Centric;
- Chain Abstraction;
- AI +;
- zkVM;
- PayFi;
If you were to rank the above hot narratives, which one do you think will recover first?
1) Modular Expansion -> Ignited the business expansion scenarios of DA, AltVM, shared Sequencer, decentralized Storage, etc. -> Stuck in severe infra homogeneity, high FDV and the capital quagmire of a generally bearish market;
2) Ordinals Inscription (Inscription, Rune) -> Became a 'diversified' innovation singularity for asset issuance on Bitcoin -> Stuck in a situation where assets are numerous, leading to a lack of empowerment after FOMO;
3) Ethereum Layer2 -> From Plasma, Validium to the Rollup paradigm dispute, then to the Rollup layer2 standard dispute (OP/ZK), normative discussions (orthodoxy), TPS disputes, compatible standards (type0, 1, 2, 4), RaaS (one-click chain deployment) -> Criticized that infra > application cannot effectively transfuse Ethereum;
4) Restaking -> Sparked a wave of on-chain TVL Farming points, bringing a business model for AVS output security consensus -> Stuck in slow implementation of the AVS business closed loop, post-ecological points war overdraws expectations for token issuance;
5) Bitcoin Layer2 -> Took on the latter part of the inscription action, introducing EVM-Compatible chains, homogeneous binding RGB++, ZK General underlying, Native cross-chain bridges, MoveVM, BTCFi related Stablecoin, lending, and other DeFi infrastructure layout trend -> Stuck in overly diverse technical specifications, still reliant on DeFi, with no BTC specific application scenarios born;
6) Intent Centric -> Triggered discussions on a new trading paradigm driven by AI, introducing a decentralized Solver network, stimulating a new trend for AMM on-chain market making -> Limited by the early stage of AI Agent executing trades, the demand for Solver network slicing is constrained, and the chain abstraction infrastructure is not yet complete, unable to translate into experiential-level 'intents';
7) Chain Abstraction -> Driven the trend of 'integration' aimed at user experience, including infra, contract standards, unified accounts, etc., preparing to onboard more users -> Currently still in the early market stage, criticized for being more conceptual than substantive, needing a breakthrough from phenomenal applications;
8) AI Narrative (AI +) -> Comes with a huge user base and business scenario demands from web2, integrating with Crypto to produce numerous narrative spaces like decentralized cloud computing power, distributed inference, DePIN, TEE, FHE, Blind Compute, AI Agent, etc. -> AI large models are not yet mature in the web2 field, and the overflow demand into web3 is still too small, needing more time;
9) ZK General-Purpose (zkVM) -> Leverages the trustless characteristics of ZK technology for message transmission between homogeneous/heterogeneous chains, perfectly separating off-chain computation and on-chain verification scenarios, thus becoming the next generation of unified infrastructure linking chains, applications, and liquidity -> Stuck in overly 'upstream' technology, requiring long-term exploration and implementation of application scenarios;
10) PayFi (related to RWA) -> Attempts to break the divide between traditional off-chain business scenarios and on-chain basic infra, overcoming limitations such as compliance and mass adoption, to introduce stable income demand for on-chain funds -> Stuck in compliance qualifications and the integration of business scenarios, a day’s work cannot form scale effects in a short time;
