Try to imagine the market demand in ten years, which may make it easier for us to grasp the dormant dark horse at present! Ten years later, the aging population has become the situation in many countries, blockchain technology has been widely popularized, Web3 has become the Internet of the new era, and digital currency has become the mainstream of daily payment.
The technology that can solve the problem of an aging population is artificial intelligence, which is an industry that I was strongly optimistic about two or three years ago.
There is a high probability that ETH will quickly lose in future competition. Technology is changing with each passing day. Due to technological innovation, the performance of APT, SUI, SEI, etc. has been improved exponentially. It is not ruled out that the market value will surpass ETH in the future.
The reason why I am not optimistic about ETH is its arrogance and wrong development path. The current ETH upgrade speed is like a snail. It tries to stick to the old ways with the "settlement layer". This is a very short-sighted, lazy and ignorant behavior. L2 is even more dangerous! L2 not only leads to liquidity split, but now L2 is also very involuted. Everyone wants to get a share of the pie by relying on the market size of ETH, completely ignoring the vast outside market, and the key technology is not very good. If eth is an aircraft carrier, then L2 is the tank plane on it. If there is a slight problem with the aircraft carrier, everything on it will immediately go down.
I really admire those projects that dare to go beyond ETH and create their own world. These L1s may develop slowly in the early stage because they lack the relatively prosperous ecosystem of ETH. However, think about it carefully - how many users does ETH have? Can ETH support billions of users in ten years?
Therefore, the real big market is outside the circle. When huge outside demand pours in, will they choose the slow and bloated ETH, or will they choose the L1 newcomer whose technology and speed have been greatly upgraded? I think it will be the latter, and there is no doubt that the market size of L1 newcomers will surpass Ethereum in the future!
After Luna exploded last year, I studied stablecoin projects, trying to find the most stable and highly secure project. Finally, I found that the most perfect design was Facebook's Diem, formerly known as Libra. Because the design was too good, it seriously threatened the influence of the Federal Reserve and was eventually stopped.
Afterwards, two outstanding teams emerged from the project, one created APT and the other created SUI. Both projects were favored by top exchanges and investment institutions in the industry. Binance and FTX even had friction over competing for the first round of investment opportunities for one of the projects.
As for Sei, the L1 public chain based on the cosmos ecosystem, it has made an innovative fundamental rewrite of the underlying infrastructure and achieved a significant performance improvement...
I have always liked and supported innovation, especially the L1 public chain sector, mainly because this sector has a huge market space in the future. In the last bull market, the market value of Sol once exceeded 70 billion US dollars, and Ada was even close to 100 billion...
Undoubtedly, artificial intelligence has the greatest prospects, but small companies should forget about it. Trying to start it up by raising hundreds of millions of dollars is simply impossible. In this field, it is more reliable to invest in US-listed companies in the future!