The industry is always driven by optimists, let us strive for good things!

From WebX, KBW to TOKEN2049, each event reached an ATH in terms of the number of attendees.

It's another conference, what are you guys rolling out this year?

1- Dresscode, the trend started by berachain has finally swept everyone. Wearing a headgear is a basic operation. The best thing is that you can share it without wearing any clothes. The purpose is the same, hoping to spread it;

2- Volume DJ, check the top 100 DJ rankings, check the DJ's body shape, and even check if the DJ has hair;

3-Awards ceremony. Many activities this year require awards. Most of the awards are not actually awards, but just social skills.

But speaking of awards, the most eye-catching award this year came from Breakpoint, which is also one of the best conferences I have attended recently.

Breakpoint2024, one of the best conferences this year

Key Features:

1- Most speakers only have 5 minutes to share, so you must focus on the key points;

2-Add debate format instead of pure boring pannel;

3- An alternative award ceremony, full of community vibe.

When you walk into the Solana exhibition hall, you feel like it is a supermarket rather than just an exhibition.

From a project perspective, dozens of projects including Jupiter, Pyth, Wormhole, Birdeye, etc. have released their own new products, and the whole process was full of interesting moments.

The meeting was divided into two stages, from left to right and from right to left. I can’t remember how many times I ran back and forth just to avoid missing some important links.

The first day of the meeting lasted from 10:30 am to 6:00 pm. Thanks to the compact schedule and agenda with almost no advertisements, almost every sharing session was packed.

While listening to the sharing, whether it was the applause for “Firedancer” or the shouts of “GO!” to “DeGods”, you will find that the current Solana community has an extremely consistent consensus on the general direction.

We all know what Solana’s future development focus is;

Everyone knows which projects in the Solana ecosystem are truly loyal members;

Everyone knows which jokes in the Solana ecosystem can only be understood by Solana insiders.

It should be a consensus among many people that Solana is the Beta in this cycle. The non-consensus exists in that many friends feel that after the launch of major projects such as Pyth, Jupiter, Wormhole, and Drift, the Solana ecosystem seems to have not had so many alpha projects worth looking forward to.

In fact, this is not the case.

For example, Backpack, Cube, Flashtrade, Sonic, Solayer, ComputeLabs, etc., developers are pouring into Solana and creating more interesting things.

I remember that on the technical stage on the right, the host asked at the beginning how many people in the audience were coming to Breakpoint for the first time, and almost half of the people raised their hands, and the proportion of new blood reached 50%!

Solana has climbed up from the bottom, and the community has become more resilient. Thanks to Solar, I was able to participate in such an event.

It’s great that Solana has a community like yours.

Move series, another alpha besides Solana

During TOKEN 2049, Sui's surge also attracted a lot of attention.

Sui Builder House is also one of the most popular activities before TOKEN 2049.

In fact, I started to contact people around April this year. The main logic was:

1-Solana traffic overflow. For developers/speculators who think that the ecosystem on Solana is saturated, they will look for the next alpha. The last cycle had polygon, avalanche, etc., and this cycle should be sui, ton, etc.;

2- The relevance of Move language and RUST. We all know that it is not difficult to switch from RUST to Move. Therefore, whether Solana's project is squeezed out or wants to do a side project to launch a new project, Move is a good choice, such as solend went to Sui to do Suilend. This applies to Sui, Aptos, and Movement.

3- Recognition from technical friends. Currently, Sui and Aptos have both launched their tokens on the mainnet. After consulting some technical friends, many people think that Sui’s technology and documentation are better.

At that time, there was no so-called Grayscale Trust, and there was no Native USDC on Sui. With the support of these two, I believe Sui will develop better.

Of course, overall, I am full of expectations for Sui, Aptos and Movement. When writing this article, $APTOS also rose by 14%.

However, Sui’s problem is that there are too few assets that can be hyped. Although SuiPlay was launched and the largest game booth was set up at KBW in South Korea, the star projects are still Cetus, Turbos, Navi, Scallop, and memes. You can count them on two hands. I hope that the incubation plan of Cetus and Sui will produce more things.

Aptos’ problem seems to be that users/community are still a little confused about the direction in which its foundation wants to work. Movement is the only Move-related project that has not yet issued a coin. Keep an eye on it and hope to see some star cases soon.

With the expectation of a rate cut, everyone is more optimistic

From Japan, South Korea to Singapore, since I am a trading idiot, I can only seize every opportunity to consult my friends about their views on the future market. Generally speaking, everyone seems to be more optimistic.

Two or three months ago, most of my friends thought that the cycle was over, or that the bull market would only last until Q4 of this year or Q1 of next year.

From now on, it is a more conservative view that the bull market will last until Q1 of next year, and many people believe that it can last until Q3 of next year.

The main reason is that the interest rate cut cycle has begun, and 50 points is just the beginning. It takes time to loosen the money supply. At the same time, the asset outflow of US stocks/BTC has not yet started.

The main uncertainty lies in the general election in November.

Although some people have said before that everyone is looking for exit liquidity, and even some old people have expressed that they are very disappointed with the industry and cannot see any innovation, etc.

But my advice is, let it go.

Don't just look at the pessimistic side, just let them go if they are disappointed.

In fact, there are still many hard-working founders and projects in the industry. Yes, some are actively looking for exit liquidity, some are actively posting memes and making deals; but there are also many people who are always exploring the development direction of the industry, constantly trying and erroring to find PMF, and there are also founders with very high token rankings who are still shuttling between various venues as model workers.

For example, Jambo has sold more than 500,000 units of its "African Phone" in the last cycle, covering more than 120 countries. Two days ago, it also launched the Jambo Phone 2. Every time I meet with their founder, I can feel their passion for the project.

For example, Solv, which had difficulty finding PMF before, now embraces the BTC ecosystem. With a tenacious team, they now have $13 billion in solvBTC.

For example, Sonic, which started out as a marketplace for gaming projects, has now become famous for building SVM;

For example, Matr1x, from its launch to its coin listing to testing, has faced various doubts and is now officially online for gold farming testing without deleting files.

There will be people who are pessimistic about the industry in every cycle, just as every project will experience different fuds.

Be it pessimism or fud,

The industry is always driven by optimists. Without fud, there is no real community.

Let us strive for beautiful things!

WebX a few days ago · Osaka Fireworks Festival

By the way, this year's GrowthNet event also came as scheduled. Although it was not as popular as last year, it was still almost full as it coincided with the opening of Vitalik Buterin and 2049 on the same day. I am already satisfied.

Thanks again to our speakers, see you next year🫡