Which one will revive first?
Written by: Haotian
After Bitcoin breaks the $100,000 mark, driven by market revival and pump, here are the 10 major popular narratives that could erupt at any time:
Modular expansion;
Inscription, rune;
Ethereum layer 2;
Restaking;
Bitcoin layer 2;
Intent centric;
Chain abstraction;
AI +;
zkVM;
PayFi;
If you were to rank the above popular narratives, which one do you think will revive first?
1) Modular expansion -> Ignited commercial expansion scenarios such as DA, AltVM, shared Sequencer, decentralized Storage, etc. -> Stuck in a quagmire of high FDV and generally bearish market due to severe infrastructure homogenization;
2) Ordinals inscription -> Became a point of innovation for the diversification of asset issuance on Bitcoin -> Stuck in a situation where assets are overwhelming, and after the FOMO, there's a chaotic lack of "empowerment";
3) Ethereum Layer 2 -> From Plasma, Validium to Rollup paradigm disputes, then to Rollup layer 2 standard disputes (OP/ZK), normative debates (legitimacy), TPS disputes, compatible standards (type0, 1, 2, 4), RaaS (one-click chain issuance) -> Criticized as infrastructure > application failing to effectively provide blood transfusion to Ethereum;
4) Restaking -> Sparked a wave of on-chain TVL Farming points, bringing about a business model for AVS output security consensus -> Stuck in the slow implementation of the AVS business closed loop, post-ecological points battle overdraws expectations for new tokens;
5) Bitcoin Layer 2 -> Undertook the latter half of the inscription action, introduced EVM-Compatible chains, homomorphic binding RGB++, ZK General bottom layer, Native cross-chain bridges, MoveVM, BTCFi-related Stablecoins, lending, and other DeFi infrastructure layouts -> Stuck in overly diverse technical specifications, still dependent on DeFi, with no BTC-specific application scenarios emerging;
6) Intent centric -> Triggered discussions on a new trading paradigm driven by AI, introduced decentralized Solver networks, stimulated new trends in AMM on-chain market making -> Limited by the early stage of AI Agents executing trades, the slicing demand of Solver networks is constrained, and the chain abstraction infrastructure is still incomplete, making it difficult to translate into experience-level "intent";
7) Chain abstraction -> Driven trends of integration aiming at user experience, contract standards, unified accounts, etc., preparing to onboard more users -> Currently still in the early market stage, criticized as being more conceptual than substantial, needing a breakout through phenomenal applications;
8) AI Narrative (AI +) -> Comes with a vast user and business scenario demand from web2, connecting with Crypto to produce decentralized cloud computing power, distributed reasoning, DePIN, TEE, FHE, Blind Compute, AI Agents, and various narrative spaces -> AI large models have yet to mature in the web2 field, and the overflow demand into web3 is still too small, needing more time;
9) ZK General-Purpose (zkVM) -> Utilizes the trustless characteristics of ZK technology for message transmission between homogeneous/heterogeneous chains, perfectly separating off-chain computation and on-chain verification scenarios, thus becoming the next generation of unified infrastructure connecting chains, applications, and liquidity -> Stuck in overly "upstream" technology, needing a long time for application scenario exploration and implementation;
10) PayFI (related to RWA) -> Attempts to break the divide between traditional off-chain business scenarios and on-chain basic infrastructure, overcoming compliance and mass adoption limitations to introduce stable earning demand for on-chain funds -> Stuck in the integration of compliance qualifications and business scenarios is not a one-day effort, operating in a scattered manner, making it difficult to form economies of scale in a short time.
