Compared with pure community-based local dogs, the sustainability and upper limit of on-chain projects participated by institutions will be higher, but it does not mean that community projects have no chance. However, because they are sucked blood by institutional projects, they should be more cautious:

1. Get chips at a low level and quickly exit;

2. Only play the first dragon, and play less imitations;

3. Still pay more attention to the tweets of Musk, Trump, and Vitalik;

4. Projects with community foundation can be ambushed and bottomed out.

Now more and more successful project parties have put their projects on the chain for construction, which is a good thing. Institutions are no longer obsessed with projects being listed on exchanges. Sometimes it is better not to be listed on exchanges.