1. What is Degen of the Base chain?

I have written an article about Degen on the Base chain before. It was originally just a MEME coin on the Base chain, but later more and more applications on Farcaster began to use it as a consumption token, and a team developed a third-layer network based on the Base chain using Degen as the native token.

Degen may not necessarily be the MEME coin with the largest increase on the Base chain, nor may it be the most popular MEME coin on the Base chain, but it is likely to be the most widely used MEME coin on the Base chain.

2. What about SSV?

I have talked about this coin in my previous article. It can also be considered a project in the large category of staking.

The business models of pledge projects are very clear, the risk-return is relatively easy to analyze, and it is also relatively easy to see where the ceiling of the project is.

It is easy to estimate whether the valuation of the tokens of such projects is reasonable or whether it exceeds the reasonable range of the project. Once the price of such projects is too outrageous, it is easy to be cashed out or smashed, so the increase in the price of the currency can easily reach the ceiling.

For such projects, apart from the short-term hype that may cause the prices of their tokens to soar, once the craze is over, the trend of their tokens will most likely be a steady advance, which may be slightly better than Bitcoin and Ethereum, or may not be as good as them.

Therefore, this type of token is more in line with the tastes of large institutions and suitable for large capital participation, but it is of average significance to retail investors.

I have the same opinion on the staking projects I am involved in, such as EigenLayer, Ether.Fi, etc. If there were no opportunities to make money from these projects, I probably wouldn’t pay too much attention to them.

3. This round of DeFi performance is too poor. Do UNI, SUSHI, CRV and the like still have a chance to break previous highs?

In this round of trend, the tokens of classic DeFi projects are indeed unsatisfactory, but some newer projects such as Pendle still perform well.

But overall, I still think that the prices of DeFi project tokens are suppressed.

DeFi projects are the only sub-sectors that can achieve positive revenue among all the sub-sectors. However, due to regulatory barriers, it is difficult for the revenue of these projects to be impartially transferred to tokens, so the price of their tokens is severely limited.

If this problem is not solved, the growth potential of tokens in the entire DeFi ecosystem will probably be limited.

As for whether they can break previous highs in the next bull market, I can’t guess.

4. In the areas of judicial, financial, contractual, and archive information, there is too much information that needs to be kept for more than 20 years. How much room for development is there for decentralized storage in these areas?

I think there is a lot of room for decentralized storage (especially permanent storage). But can the judicial, financial, contractual and other materials mentioned in this question be used in current permanent storage (such as Arweave)? Technically, it is certainly possible, but at this stage, the main obstacles to use are probably the cost and operational threshold.

I believe that in the future, when the cost and usage threshold of similar applications are reduced low enough, this application will definitely explode.

5. Will PEPE become the second Dogecoin or Shitcoin?

I think it is unlikely that PEPE will become the second shitcoin because it lacks a strong team building ecosystem. Whether it can become Dogecoin depends on whether there are people like Musk who keep paying attention to it.

Without these conditions, PEPE would probably just be a hot topic: it would be used when people think of it and left aside when people forget about it.