Last year, due to the popularity of inscriptions, everyone began to shift their attention from Ethereum to Bitcoin, especially institutions, which began to spend money to lay out the Bitcoin ecological infrastructure. Recently, Bitcoin Layer2 such as BEVM and BOB have completed financing ranging from millions to tens of millions. In addition, the recent launch of Nervos' RGB++ and the casting of Seal have made the popularity of Bitcoin Layer2 CKB (CKB, translated as public knowledge base, is the first layer of the Nervos Network, responsible for storing all transaction data and smart contracts) soar. Today, let's learn about Bitcoin Layer2. There are many Bitcoin Layer2s on the market. We simply divide them into four categories, namely Bitcoin sidechain, UTXO+client verification, Rollp and Taproot Consensus. This article is divided into two parts, and today we will introduce the first two categories.

If we ask which public chain ecosystem has been the most eye-catching since last year, I believe Solana must be the choice with the highest consensus: whether it is price/market value, ecological narrative, Meme, or DeFi, NFT, DePIN and other tracks, all directions are thriving, leaving new public chains such as Avalanche and NEAR far behind, and becoming an almost discontinued existence among smart contract public chains except Ethereum. In the final analysis, in 6 months, from US$20 to US$200, the market value returned to US$80 billion. In addition to the impact of the FTX bankruptcy incident that quickly advanced to the end, as a model for post-disaster reconstruction, some new variables behind Solana are also particularly worthy of attention. Especially since the beginning of this year, the new generation of Meme top streamers such as SILLY, DRAGON, WIF, BOME, and SLERF have begun to show a visible trend of shifting from Ethereum to Solana, which is enough to show that Solana has indeed taken a completely different step in terms of on-chain ecology and community traffic.

Memecoins, the intersection of cryptocurrencies and internet culture, have attracted players across the industry. They are once again making waves due to their accessibility, virality and attractive profit potential.

In this article, we will talk about the origin of Memecoins, how Memecoins have evolved through cycles to become what they are today, how NFTs affect the landscape of Memecoins, recent developments and emerging trends in Memecoins, as well as potential risks and opportunities.

01 
What is a Meme? Meme is a unit that carries cultural concepts and symbols and is spread among the public. Like genes, memes vary in their ability to spread; those that resonate continue to spread, while those with less impact are quickly forgotten.

Base’s TVL increased significantly in March. Thanks to the recent meme craze, Base TVL exceeded US$700 million. As of the publication of this article (March 31), the total TVL exceeded US$1.14 billion, reaching a record high. Backed by Coinbase, Base seems to be becoming a new dynamic growth point for the Ethereum ecosystem. The increased activity on the Base chain has been questioned by the community as being a robot and there are not many real active users. The answer may not be that, because no chain needs real users and on-chain activity more than Base. Base launched its mainnet in August last year. Jesse Pollak, the head of the protocol, made it clear on the Bankless podcast that Base will not issue tokens and has no plans to issue tokens. As the only chain built by Coinbase, a listed CEX, Base's token issuance expectations are indeed very low, so it requires real users to contribute fee income as the source of income for the entire ecosystem. As we all know, the encryption market is a place of extreme speculation and pursuit of capital efficiency. So why do users on the chain enter Base? What does Base rely on to gain more users? And how much room does Base have for growth?

Recently, due to the sudden emergence of BOME, Solana has set off a wave of hype. In 27 pre-sales, more than 655,000 SOL were raised, and the activity on the chain increased sharply.

However, as the popularity has declined in the past few days and the market sentiment has weakened, most memes have entered a high opening and low closing state, most of which are in a wave state, and very few can really run out. Despite this, Solana's future development cannot be ignored. Some people even compare the development of this round of BTC ecology and Solana ecology with the previous round of ETH and BSC ecology development (there is a premise here, that is, it is still in the bull market stage, and the overall market will continue to rise). So, today, let's take a brief inventory of Solana ecology.

After the Ethereum Dencun upgrade was successfully completed on March 13, L2s such as Starknet, Optimism, and Arbitrum have also been integrated in the past two days. The sharp reduction in handling fees once again makes the Ethereum and L2 narrative look sexier. However, at the same time, recently, outside of Ethereum, new public chains that have been struggling to save themselves under the water for a long time have generally ushered in their own Indian Summer moment, and many ecological projects and new variables have emerged that deserve attention.

01 The leading new public chain with outstanding performance In the past six months, with the resurgence of heterogeneous chains represented by Solana and the development bottlenecks faced by Ethereum L2 itself, the industry has once again had a big discussion on Ethereum and L2. In particular, the continuous introduction of new Layer 2 based on the concept of expansion has caused problems such as liquidity fragmentation and mutual incompatibility, which once caused the narrative of Ethereum to appear sluggish. The continued surge of SOL and AVAX is nothing more than a shot in the arm for "new public chains". Market attention and funds are returning again, prompting new public chain ecosystems such as Solana to usher in their own Indian Summer.

With the vigorous advancement of the Bitcoin ecosystem, Bitcoin DeFi Summer has arrived. Various institutions and innovative projects rushed to the scene to fill the market vacancy of trillions in market value that provides value-added services for Bitcoin assets. According to the past experience of the Ethereum ecosystem, which is currently the largest in the industry, it can be predicted that where Bitcoin will flow by then, it will definitely be the place where the "golden eggs" are laid, and it is also the focus that we must pay attention to...

01 Where will Bitcoin go?

The value flow chart of several major public chain assets displayed by cryptoflows, an encryption data tracking website, shows that Bitcoin is providing a "value export" of up to 15 billion US dollars to other ecosystems, ranking first. The demand and potential for increasing the value of Bitcoin assets is huge. The Bitcoin ecosystem has just started and is currently unable to support the demand for these assets. It is expected that a large number of idle assets are in a state of "ready to move". If we look at the capital flow in the Ethereum ecosystem, which has already innovated and developed in advance, we may be able to understand in advance where the funds will flow when the Bitcoin ecosystem gradually matures. In the Ethereum ecosystem, the main TVL flows to tracks such as DeFi, Layer2, Staking, and Restaking. Smart money sees the security and stability of the proven old DeFi, the expectation of Airdrop of Layer2 (the demand for hair), and the stable and stable yield rate. Among safe Staking and Restaking. Among them, the funds in Layer 2 may disappear due to the expected existence and implementation of airdrops, which has the disadvantages of high uncertainty and large fluctuations. However, the income of Staking and Restaking is relatively stable, high certainty, and high security, and Restaking is added as a new narrative. As a new trend, a large amount of funds quickly flowed into it, making it one of the tracks with the fastest improvement in TVL. For example, the EigenLayer project in the Restaking protocol has locked in a total value of more than 10 billion US dollars within 8 months of its launch, which is a very impressive result.

Although the current market is good, when the bull market ends, most people will lose money. They make preventable mistakes and lose life-changing fortunes. So, here are 15 mistakes to avoid in a bull market (and how to prevent them):

1. Don’t take profits. No one cares what your portfolio peaked at. What matters is what you have left at the end of the cycle.

If you feel like an investing genius or are taking screenshots to show off your gains, it’s time to take profits. Taking profits means exchanging some currency into fiat currencies, stablecoins or tokens for long-term investment rather than plowing it into riskier projects. Make a cycle exit plan for yourself. Chances are you've picked up some bad habits during the last two years of bear markets. Strategies that work in a bear market don't work in a bull market.

As Bitcoin exceeds US$70,000 and the upcoming Bitcoin halving is expected, the BTC ecosystem has exploded, and the entire BTC ecosystem has become the focus of the Crypto industry.

In the field of cryptocurrency, Bitcoin (BTC), as the gold of the crypto world, has long won the favor of the market with its excellent security, decentralization features and value storage functions. However, with the continuous evolution of blockchain technology and the surge in application demand, the limitations of the Bitcoin native chain (Layer 1) in terms of smart contracts and scalability have gradually become apparent. In order to break through this bottleneck and lead the sustainable development of the Bitcoin ecosystem, the ecosystem urgently needs an innovative solution.

Recently, the crypto market and community, which have been positively impacted by Bitcoin spot ETFs, have become significantly active. Bitcoin spot ETFs have brought an influx of capital and unprecedented attention. Many people are observing that when the "water" in the Bitcoin "pool" overflows, which track in the Web3 field can take on more? In recent years, as the general infrastructure pattern of Web3 has been basically finalized, people's attention has gradually fallen on various Web3 application competitions. The encryption community has done a lot of exploration in the past. Crypto opinion leaders such as Vitalik and CZ all believe that the two tracks of gaming and social networking are the first to bear the brunt, especially "social", which plays an important role as an entrance to the Internet, because "social" can also be used as a part of Web3. At the entrance, it may solve the key problems of Web3 application such as high threshold and poor experience, making it impossible to adopt it on a large scale. If you can catch up with this big market, you may be able to welcome the "vast wealth" expected to be brought about by the bull market after the Bitcoin spot ETF.

Some time ago, due to the release of OpenAI's Sora and the release of NVIDIA's financial report, NVIDIA's market value approached US$2 trillion, which caused the popularity of the AI ​​​​track in the Crypto industry to soar, and projects such as WLD, AGIX, and FET all performed well. In the past few days, due to the overall improvement of the market and the NVIDIA AI Conference, the AI ​​​​track has once again exploded. At present, there are more than hundreds of AI+Web3 concept projects, covering multiple directions such as infrastructure, data, and computing power. Top institutions such as a16z and Binance have begun to lay out related tracks. AI+Web3 is a new narrative. , is destined to run through this bull market,

Crypto Bull Market 15 Investing Rules You Should Follow Trading in a bull market is harder than you think. 90% of people still cannot make profits in a bull market, don't be one of them. This bull market may be your last chance to succeed in crypto. To make more profits in this bull market, you must follow these 15 rules. 1. Keep it simple As the market heats up, things can get overwhelming. There will be more disruptions, more opportunities, more noise in the market. Don't lose your focus. Pick a niche, stay in your lane, find an edge and stick with it. Accept that you're going to miss out, and live with it. 2. Accept the Hype > Fundamentals This can be a hard truth to accept. But in a bull market, hype and speculation are the most powerful price drivers. Focus less on fundamentals and more on understanding market psychology. 3. When you have a strong argument, support it firmly and stay in a market long enough and you will never change your bet, and the bookmakers will take away your funds. Unless, when the perfect investment opportunity presents itself, you place a big bet, and you take away the house. 4. Speculate in the new, not in the old. Markets like to be attracted by new and shiny items. These new coins will usually outperform the older coins. Many of the coins with the biggest gains will be newly listed coins, especially those with lower circulation. 5. Don’t let pullbacks scare you. The worst thing you can do during a bull market is get out of the market prematurely. These dips will test you psychologically, but are completely normal during a bull market. Minimize leverage on core positions, don't panic, keep the faith. 6. Zoom in on time frames People focus too much on smaller time frames. This applies not only to buy/sell, but also to the time frame for evaluating arguments/views. Don't be intimidated by price fluctuations in small periods that don't matter. 7. Add on dips In an uptrend, add on dips should be viewed as a gift. Focus on accumulating strong coins with good gains. These coins tend to rebound the most during rallies. 8. Go long the leader In the narrative, the first-mover advantage is huge. Usually, holding a leading token in the narrative is a good choice. 9. Reduce your intelligence to invest in the bull market. This investment method is very effective.evidence? DOGE SHIB, PEPE, etc. can all be proven. Try not to let your "wisdom" reduce the winning rate of your investment. 10. Gradually stop profits. It is easy to make money in a bull market, but it is difficult to hold on. Take profits regularly and transfer them to a separate cold wallet. I'd rather give up a small percentage of potential gains than walk away empty-handed. 11. Don’t Rotate As tempting as it is, don’t fall into the trap of rotating your profits from one investment to another. The hot potato game is actually all good until you get off. It is best to pre-set your take-profit and the percentage of profits you will put back into the market. 12. Don’t go short. In any trending market, going against the trend is a dangerous game. Go with the trend. In cryptocurrencies, going long offers a better ROI as it has unlimited profit potential and losses are limited to the initial investment. 13. It is prudent to leave a small position and then take profits after making huge profits. But in a bull market, subsequent gains often dwarf your actual profits. So after you take profit, you might as well leave some positions to ensure that you retain the opportunity to continue to make upward profits in case things really go parabolic. 14. Refine your sources Now it’s time to organize your Twitter list/Telegram/Discord/YouTube. Sources of information are very important for your investments! 15. Take advantage of the bull market and increase your positions vigorously! Bull markets don't last forever. People in 2017 and 2021 have experienced this firsthand. Take your chance. Whether it’s airdrops, IDOs, DeFi or trading. Now is the time to make an effort to participate in this bull market.