After Bitcoin breaks the $100,000 mark, the market recovers. Here are the 10 major narratives that could explode at any moment:

  • Modular expansion;

  • Ordinals inscription;

  • Ethereum Layer2;

  • Restaking;

  • Bitcoin Layer2;

  • Intent centric;

  • Chain abstraction;

  • AI +;

  • zkVM;

  • PayFi;

If you were to rank the above popular narratives, which one do you think will recover first?

  1. Modular expansion -> Ignited the business expansion landscape of DA, AltVM, shared Sequencer, decentralized Storage, etc. -> Stuck in a capital quagmire with severe infra homogenization, high FDV, and a generally bearish market;

  2. Ordinals inscription -> Became a 'diversification' innovation point for issuing assets on Bitcoin -> Stuck in a dilemma of asset abundance, with a post-Fomo mess and no 'empowerment' predicament;

  3. Ethereum Layer2 -> From the Plasma, Validium, to the Rollup paradigm dispute, and then to the Rollup layer2 standard dispute (OP/ZK), normative debates (legitimacy), TPS disputes, Compatible standards (type0, 1, 2, 4), RaaS (one-click chain deployment) -> Criticized for infra > application failing to provide effective blood transfusion to Ethereum;

  4. Restaking -> Sparked a wave of on-chain TVL Farming points, bringing a commercial model for AVS output security consensus -> Stuck in the slow landing of AVS business closed loop and overspending expectations after the ecological points war;

  5. Bitcoin Layer2 -> Undertook the latter half of the inscription movement, introducing EVM-Compatible chains, homogeneously binding RGB++, ZK General underlying, Native cross-chain bridges, MoveVM, BTCFi related Stablecoins, lending, and other DeFi infrastructure layout trends -> Stuck in overly diverse technical specifications, still relying on DeFi, with no Bitcoin-specific application scenarios born;

  6. Intent centric -> Triggered discussions on a new trading paradigm driven by AI, introduced a decentralized Solver network, and stimulated a new trend of AMM on-chain market-making -> Hindered by the early stage of AI Agent executing trades, limited demand for Solver network slicing, and incomplete chain abstraction infra, unable to transform into experience-level 'intent';

  7. Chain abstraction -> Driven by user experience-oriented infra, contract standards, unified accounts, and other 'integration' trends, preparing to onboard more users -> Currently still in the early market stage, criticized for concepts being greater than substance, needing a phenomenon-level application breakthrough;

  8. AI Narrative (AI +) -> Self-carrying the vast user and business scenario demands of web2, connecting with Crypto to produce decentralized cloud computing, distributed reasoning, DePIN, TEE, FHE, Blind Compute, AI Agent, and many narrative spaces -> AI large models are still not mature in the web2 industry, and the spillover demand to Web3 is still too small, requiring more time;

  9. ZK General-Purpose (zkVM) -> Leveraging the trustless characteristics of ZK technology in message passing 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, requiring a long time for application scenario exploration and landing;

  10. PayFI (RWA related) -> Attempting to break the rupture between off-chain traditional business scenarios and on-chain basic infra, overcoming compliance, mass adoption, and other limitations, introducing stable income demands for on-chain funds -> Stuck in the fusion of compliance qualifications and business scenarios is not an overnight task, fighting a battle individually, making it difficult to form scale effects in a short time;

[Disclaimer] The market has risks, and investments should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article meet their specific circumstances. Invest at your own risk.

  • This article is reprinted with permission from: (Rhythm Blockbeats)

  • Original author: Haotian, Crypto Researcher

'Compilation of popular narratives in the crypto space! If Bitcoin breaks $100,000, which of these 10 tracks will explode first?' This article was first published in 'Crypto City'