As long as the community can form enough consensus, subsequent products have substantial progress, and the narrative has potential, it can still resist the pressure of CEX.
The field of AI agent still needs to undergo some stress tests to prove its long-term development potential.
In this cycle, we not only saw the power comparison between CEX and DEX, but also witnessed the game between the on-chain community and the off-chain CEX.
Fundamentally, both sides are competing for control of liquidity.
Unlike the previous cycle, this time the on-chain has begun to exert substantial pressure on the off-chain.
In the long run, the power of the on-chain will only increase.