Original author: Haotian
Reposted: Lawrence, Mars Finance
Explain why 'the big environment has changed'? Essentially, the wave of AI Agent hype is a major reshuffle of the past rigid Crypto system.
From infra stacking -> AI Agent application preposition?
In the past, delivering a public chain required a long cultivation period of 1-3 years. After completing the Roadmap and TGE, it was found that user and application ecosystems could not match market expectations, resulting in many infrastructures detached from actual market needs.
In the future, regardless of the project, first let the AI Agent run on-chain, allowing the functionality, performance, and experience of the AI Agent to testify to the technical foundation of the chain infrastructure. Using applications to validate market demand avoids carrying solutions without practical applications.
From VC round financing -> Community MEME-based initiation?
In the past, VC capital drove the birth of king-level projects, and the information asymmetry in the primary market led to an increasingly narrow profit space in the secondary market, causing Western and Eastern capital to be unable to take over each other's projects. Issues such as VC and exchanges forming alliances and Token listings facing high FDV declines emerged.
In the future, projects will be built in the form of open-source Public Goods, with no white papers in the short term but having GitHub open-source repositories, no Roadmap but visible product applications, directly financing from the secondary market, allowing AI Agents to autonomously manage assets, and using the continuous growth of asset pools and holders to bring greater imagination space for projects. Early builders only need to continuously empower the project.
From grabbing airdrops -> Partner co-building?
In the past, project parties usually offered a certain percentage of airdrops to attract early users and traffic. Users continuously contributed Gas and time to grab airdrops, but this led to either a 'witch community' culture that profits and escapes or a long-term PUA situation where users feel delayed on their expectations or empty participation, resulting in inevitable contradictions and conflicts, a lose-lose situation.
In the future, project parties will open the market in a MEME-based secondary manner, designing Tokenomics suitable for sustained growth (LP fees, transaction taxes, reserved share releases, etc.). In this process, community users are both early investors and continuous co-builders that expand community consensus. Ultimately, those who can profit from accompanying the project are essentially worthwhile, creating a win-win situation.
From the end of CEX listings -> On-chain DEX dominance?
In the past, most projects at the DEX stage had low liquidity and low user bases. Only through the design of Tokenomics, continuous community reputation and growth, and resource 'mixing' could they seek tickets to CEX. Under heavy pressure, some projects tend to 'lie flat' after TGE.
In the future, most projects will choose to continuously build at the DEX stage. On-chain DEX will carry most of the market liquidity. Although on-chain prosperity may present a 'chaotic era', quality project parties have a higher probability of achieving 'grassroots counterattacks' without being buried under the discourse power of the old CEX system. The trend will gradually lean towards DEX as the main focus, with CEX existing merely as a liquidity supplement.
From entrepreneurs 'not speaking human language' -> Founders 'laughing and cursing'?
In the past, the market was highly competitive, with many projects leading to a huge gap between top and bottom projects. After the founders of top projects achieved success, they began to engage in abstract pursuits, participating in public welfare, charity, and maintaining a halal image.
In the future, project parties that do not integrate with the community and do not stay focused on the frontline of product development will find it difficult to gain traction. The new market operation rules will force founders to run on the frontline, 'laughing and cursing', although this may invite skepticism. However, a 'real' Dev image is always better than an aloof 'entrepreneur', at least from the perspective of retail investors.
Note: The above transformation and reshuffle are not absolute and will not happen overnight. It is more likely to give rise to various mixed models. Initially, there will likely be many problems, but nonetheless, it is a glimmer of hope to break the current rigid system.