The season of application-based tokens is here, and this season of application-based tokens will inevitably drive the growth of low-fee, high-performance L1 and L2 public chains, as institutions will create bubbles. Furthermore, niche sectors will experience rotation.
It's like a tree: high performance and low fees = tree roots, niche sectors = leaves and branches. As niche sectors rotate, the branches grow lush (photosynthesis stage), driving the growth of high-performance and low-fee foundational chains (carbon stage). Although the leaves and branches may wither, fallen petals are not without feelings; they turn into spring mud to better nurture the flowers.