Written by: Biteye core contributor Viee

This year's TOKEN 2049 conference has just concluded in Singapore. The popularity is significantly higher than in previous years, making it a major event in the global encryption industry. The conference attracted more than 20,000 attendees from more than 150 countries and conducted hundreds of seminars, making it an unprecedented event.

In this article, Biteye will analyze the hot topics and related emotions discussed on Twitter during the TOKEN 2049 period based on the latest statistical results of the Web3 AI investment research tool Cryptohunt.AI, providing everyone with a panoramic perspective to feel the pulse of the industry up close.

Please refer to the Cryptohunt official website for data.

01 Solana: The hottest

During TOKEN 2049, online and offline discussions on Solana almost surpassed BTC and ETH, becoming the hottest topic.

Although Solana has experienced some challenges in the past, its community has emerged more resilient.

Many new developers are coming in and creating more interesting projects such as Backpack, Cubexch, and FlashTrade.

In recent months, Solana has also launched the Seeker phone, a device with integrated Web3 features designed to improve user experience and promote the use of cryptocurrencies.

There are also some discussions that the Solana ecosystem is gradually becoming saturated, which will bring about certain technology transfer and traffic spillover.

For example, some developers are considering migrating their projects to other blockchains, such as Sui and Aptos, because the similarity between the Move language and Rust makes this migration relatively easy.

We can see that Sui has been gaining popularity recently and the price of the currency has skyrocketed. Whether it will become the next Solana needs further observation.

02 ETH: An old public chain that still retains its charm

At least half of Ethereum’s attention at the TOKEN 2049 conference was due to Vitalik Buterin’s speech.

As the founder of Ethereum, Vitalik emphasized in his speech that Ethereum’s goal for the next decade is to achieve mainstream adoption while maintaining the values ​​of open source and decentralization.

He mentioned that the main reasons for the failure of crypto payments in the past were transaction fees and user experience issues, but it is expected that these problems will be greatly improved in the past two years, including the reduction of transaction fees and the shortening of confirmation time, and the user experience will also be significantly improved. .

Although Vitalik's speech was full of hope, many people also expressed certain doubts about the performance of the Ethereum ecosystem.

For example, Ethereum is facing application bottlenecks in the current market, and its liquidity and user attention are being dispersed, which makes the entire ecosystem appear somewhat fragmented.

As we all know, since this cycle, emerging public chains such as Solana are actively challenging Ethereum's position.

As an established public chain, how can Ethereum maintain its important position in the face of new challenges? This is also a direction worth paying attention to in the future.

03 AI: New track, new opportunities

AI ranked among the top three topics discussed during the TOKEN 2049 conference. Most people are optimistic about the combination of AI and cryptocurrency, and generally believe that the combination of AI and blockchain will promote innovation and change in the industry.

For example, 0G Labs CEO Michael Heinrich emphasized that the potential risks of centralized AI systems have prompted people to seek decentralized governance through blockchain technology to enhance transparency and accountability.

The AI ​​agents that may emerge in the future could pose a threat to society if they are not controlled, so it is particularly important to combine AI with blockchain.

In terms of market performance, some AI crypto tokens such as Near Protocol, FET and Render have performed well recently, significantly outperforming the overall cryptocurrency market.

In the past 30 days, the market capitalization of AI-related cryptocurrencies has increased by 23%, from $27 billion to $33 billion. In particular, top AI tokens such as TAO have risen by 50% in the past four weeks.

Investor confidence in the AI ​​sector is recovering, and more and more funds are flowing into this emerging field.

However, most AI projects are not yet mature and are even seen as "gimmicks". Many projects are still in the experimental stage, lacking mature business models and practical applications. There is also uncertainty about whether they can be widely used in the short term, so caution is still needed.

04 TON: A rising star ready to take off

The TON ecosystem has developed rapidly in the past year, covering multiple fields such as finance, storage, and payment. The emergence of multiple emerging projects such as PunkCity and HyperGPT shows the diversity and innovation of TON.

During TOKEN 2049, the combination of TON and TADA taxi service became a highlight.

TADA is the second largest taxi-hailing app in Singapore. It launched a mini-program “TADA mimi” that integrates TON cryptocurrency through the Telegram platform. Users can directly use TON to pay for taxi fares.

This innovation allowed many Web3 practitioners to experience for the first time the convenience of using cryptocurrencies for real-world transactions, and also generated a lot of discussion.

The biggest concern of the market for TON is its user traffic potential. With Telegram's huge user base (about 900 million users), TON is seen as a strong competitor in the L1 field.

This user base provides a unique advantage for the widespread application of TON, and there is even a chance to achieve true mass adoption on this basis.

05 MEME: The craze continues, the "hottest new thing"

In this cycle, the market's "crusade" against altcoins has never subsided. Although many traditional value coins have performed poorly, Meme coins have stood out in the market, which makes the traditional value investment concept seem a bit ironic.

Andrei Grachev, co-founder of DWF, posted a photo of the TOKEN 2049 speech on the social platform, which included the Solana ecosystem meme coin BILLY logo, and wrote "revealing some Alpha". This hinted at important information or upcoming updates related to BILLY, which sparked discussions in the industry.

During TOKEN 2049, some voices believed that Meme coin and its related infrastructure had the potential to generate real income and occupy an important position in future transactions.

Meme coins may face volatility in the short term, but their potential is still promising. Many "serious" project owners and investors have begun to pay attention to Meme-related tracks, which to some extent reflects the gap between the industry's desire for truly innovative projects and reality.

06 Market Sentiment

During the TOKEN 2049 period, the sentiments of the Chinese and English circles were relatively similar, with optimism accounting for about 50%. In addition, only 10% of the tweets conveyed pessimism, and the rest were mostly neutral.

On the one hand, emerging projects and ecosystems have shown great potential, sparking expectations within the industry. For example, ecosystems such as Solana and TON are becoming increasingly powerful.

Many people experienced using cryptocurrency to pay for taxi fares during the conference and expressed excitement about the application. Emerging projects demonstrated innovation and practical application potential, which made people look forward to the future development of the industry.

On the other hand, the uncertainty and bottlenecks in the market also make people feel confused. Some projects that were once highly anticipated have developed slowly and their popularity has begun to decline. For example, the restaking track that was very popular half a year ago has gradually lost its enthusiasm, and the pre-market price of $EIGEN has dropped from a high of $10 to the current $4.

07 Conclusion

The cycle is still recovering and declining.

Emerging tracks continue to rise and fall.

In this attention game, "Where is the future of encryption going?" has become the answer that some people are pursuing.

Today, the market has begun to re-examine the true value. Innovation and real application cases have become the focus of attention. Perhaps only projects that truly solve user needs can stand out in the fierce competition.

This TOKEN 2049 comes at a time when the Federal Reserve has announced that it has entered a rate cut cycle, creating good conditions for a market rebound. In the future, as market sentiment improves and capital inflows increase, projects that truly have application value and innovation capabilities will receive more attention. The crypto industry may be able to find its direction again amid challenges and inject new vitality into future development.

Risk warning: The above is for information sharing only, not investment advice. Readers are requested to comply with local laws and regulations.