The project financing information observed recently shows that many financing projects originate from the BTC ecosystem. At present, the elements visible in the BTC ecosystem include runes and inscriptions. Many Bitcoin ecological projects also have long-term benefits around Sats. The target areas of these projects are mainly DeFi, staking, lending and stablecoins.
In addition to the BTC ecosystem, the Base ecosystem has gradually become active and shown more dynamics. On the whole, the hot spots of this round of bull market may change rapidly, but the core may still be concentrated on the BTC and Solana ecosystems. In addition to the above two, Base may break out as a dark horse.
As for ETH, I personally hold a reserved attitude at present. In the past few years, most projects have been built on the Ethereum ecosystem. However, with the increase in the number of public chains and the emergence of new gameplay, ETH may face greater pressure in growth and innovation. The key is to see how it will break through this situation.
