Analysis of the Differences Between On-Chain Projects and Secondary Projects

On-chain projects and secondary projects belong to entirely different types.

In terms of market value and rising cycles, there are significant differences between the two.

On-chain projects often exhibit high control characteristics, with smaller fund pool sizes, making their market value easily manipulable. This often results in arbitrary price surges and crashes, which is why their retracement can reach as high as 80%.👗＋: Vir4400

In contrast, once secondary projects are listed on mainstream trading platforms like Binance (bn) and OKX (ok), their price fluctuations are not as drastic and rapid as those of on-chain projects, and their market value is relatively more genuine and reliable.

For example, even if I create an AI Agent project now and set its control ratio at 99.9%, theoretically I could directly inflate its market value to 1 billion USD, but such a market value has no practical significance.

Of course, the above example is quite extreme. In reality, the control levels of many on-chain Agent projects range between 80% and 90%. With such control, they can indeed push their market value to several hundred million USD.

However, the market value direction of these on-chain projects largely depends on the intentions of the manipulators and the “pyramid scheme-style” (cx) speculation willingness of a few large investors, rather than being based on the true value of the project itself and broad market recognition.