Author: Haotian

After Bitcoin broke through the $100,000 mark, the market recovery was driven by Pump, and a stocktake may be possible at any time Top 10 popular narratives that broke out:

Modularization;

Inscriptions, runes;< /p>

Ethereum layer2;

Restaking;

Bitcoin layer2;

intent centric;

Chain abstraction;

AI +；

zkVM;

PayFi;

If you rank the above popular narratives, which one do you think will be the first to recover?

1) Modular expansion -> ignited the business expansion scene such as DA, AltVM, shared Sequencer, decentralized Storage, etc. -> Trapped in infra has serious homogeneity, high FDV and the market is generally a capital quagmire of Bearish;

2) Ordinals inscription (inscription, rune) -> Became the "diversification" innovative singularity of assets issued on Bitcoin -> Trapped in the overwhelming number of assets, Fomo's subsequent dilemma of no "empowerment";

3) Ethereum Layer2 (Ethereum layer2) -> From Plasma, Validium to the Rollup paradigm battle, to the Rollup layer2 standard battle (OP/ZK), specifications Argument (positivesystem), TPS debate, Compatible standards (type0, 1, 2, 4), RaaS (one-click chaining) -> Criticized infra > application cannot effectively transfuse Ethereum;

4) Restaking -> Set off a wave of TVL Farming points on the chain, bringing about the business model of AVS outputting security consensus -> Trapped in AVS Commercial closed-loop implementation is slow, and currency overdraft is expected after the ecological points war;

5) Bitcoin Layer2 (Bitcoin Layer2) -> Undertaken the second half of Operation Inscription Process, introducing EVM-Compatible chain, isomorphic binding RGB++, ZK General bottom layer, Native cross-chain bridge, MoveVM, BTCFi related Stablecoin, lending and other DeFi Infrastructure layout trend——>Suffering from too diverse technical specifications and reliance on DeFi, there are no BTC Specific application scenarios yet;

6) intent centric (intent is Center) --> triggered discussions on new AI-driven trading paradigms, introduced decentralized Solver solver networks, and stimulated new trends in market making on the AMM chain --> Due to the fact that it is still too early for AI Agents to execute transactions, slicing of the Solver network Limited demand, chain abstraction infra It is not yet complete and cannot be converted into experience-level "intention";

7) chain abstraction -> drives the goal of user experience "Integration" trends such as infra, contract standards, and unified accounts are preparing for more users of Onboard -> It is still in the early stages of the market and has been criticized for being more conceptual than substantial, requiring a breakthrough in phenomenal applications;

8) AI Narrative (AI +)——>With the huge user and business scenario needs of web2, the integration with Crypto has produced many narrative spaces such as decentralized cloud computing power, distributed reasoning, DePIN, TEE, FHE, Blind Compute, AI Agent, etc. ——>AI large models are not yet mature in the field of web2, and the demand for overflowing to web3 is still too small.It takes time;

9) ZK General-Purpose (zkVM) -> Take advantage of the Trustless feature of ZK technology in messaging between homogeneous/heterogeneous chains, you can Perfectly separate off-chain computing and on-chain verification scenarios, and then become the next generation of unified infrastructure that connects chains, applications, and liquidity -> Trapped in the technology being too "upstream", it requires a long time to explore and implement application scenarios; p>

10) PayFI (RWA related) -> Trying to break the separation between the traditional business scenarios off the chain and the basic infra on the chain, breaking through restrictions such as compliance and Mass Adoption, and introducing a stable interest-earning demand for funds on the chain - —>The integration of compliance qualifications and business scenarios is not something that can be accomplished in a day, and it is difficult to achieve scale effects in a short period of time.