What is the main narrative of this bull market?

When Bitcoin's inscription ecosystem began to flourish last year, I thought that the next major theme driving the bull market would be the Bitcoin ecosystem.

But the fact is that after that period of heat, there were no disruptive applications in the Bitcoin ecosystem. There were only a lot of infrastructure projects and DeFi and NFT projects that repeated Ethereum. In my opinion, infrastructure and repetitive applications cannot directly drive the growth of the Bitcoin ecosystem, let alone become the main narrative of the next bull market.

Not to mention Ethereum, except for a bunch of newly emerging second-layer extensions, there is no innovation in applications.

Whether it is the endless MEME coins or the DeFi, games or social networking that appear on the second-layer extensions, they are basically the continuation of the narrative of the last bull market. Although there are some slight innovations in content and gameplay, there is no essential difference in the scene. Some applications that were highly expected have not continued to flourish so far and cannot attract new users in large numbers.

If we must say there are any new application scenarios, the so-called "AI+blockchain" and "DePIN" can barely be considered, but my opinion on these two tracks: most of the projects in them are basically traditional projects with a shell, and many of them appeared as early as the 1CO in 2017, but almost none of them succeeded later.

So far, I can't see what direction or ecosystem will become the main narrative of the next bull market.

This is also what I deeply regret recently. If this situation continues to develop, even if we enter a bull market, it will be a bull market without its own main narrative and driven only by external funds.

This kind of bull market will not go far or strong. #区块链[超话]# #加密# #比特超话# #ETH超话# #ETH#