Previously, the feeling I had on-chain was that memes were more about emotions, narratives, and the influence effect, along with the community.

The influence of figures like Musk shouting out, drawing attention from major whales. Then the market rallies, or good IPs being discovered, with promotion through TikTok hotspots, is more about an emotional attention meme.

Currently, as I engage with on-chain, I have returned to the feeling of the last bull market, which is about investment research, studying project backgrounds, and researching development directions. It's somewhat like searching for on-chain value coins. Moreover, developers are directly engaging with the community, with open-source code and transparency. If your code is recognized by developers, there will be capital willing to invest.

For value coins on exchanges, they are largely still relying on the same old methods from the last bull market, lacking substantive elements, without a community, and relying on white paper financing. What problems have they solved? They have addressed the cashing-out issues for the big players.

Currently, it is about digging for gold on-chain.