Looking back at the engine of the last bull market, DeFi was the first to bear the brunt (unlimited nesting dolls, which increased funds out of thin air); around Ethereum, DeFi, NFT, GameFi and meme appeared; four-wheel drive made Ethereum have a miracle of spiral rise from 100 to 4000;

This was a series of application innovations driven by Ethereum infrastructure in the last round, and we found that we have not seen any special innovations in this round;

In fact, it is not only Ethereum that has no innovation, but the entire Crypto is temporarily trapped in this dilemma; it is just that Ethereum, as the king of the public chain, is entrusted with the high hopes of the entire crypto market.

Sol seized this opportunity through the first window period just mentioned and achieved market prosperity, but is this prosperity temporary or continuous? If Sol only relies on meme to drive the growth of the public chain, how long can this driving force last? The entire bull market?

Therefore, in this round of cycle, it is particularly important whether there are new and novel things appearing on a large scale in the market. Otherwise, for the market, it may further reduce the expectations of these public chains in the future bull market (compared with the increase in the previous round).