Some Thoughts on the Next Round of Bull Market Layout
Right now, I see web3 focusing not on the chain but on the agent. The demand of web2, the funding and settlement of web3, will ultimately fall on the agent. Therefore, the investment research direction is simple: who can really help the agent make money and run the business loop seamlessly.
Based on this logic, I mainly focus on projects like VIRTUAL, TAO, and NEAR that work around the commercialization of agents, rather than simply narrating stories.
In the RWA track, ONDO and SYRUP
In the DEX track, UNI and HYPE
As for public chains themselves, the scale will definitely grow in the future, but competition will only get fiercer, and chains will find it hard to capture the value at the business level. Just buy ETH and SOL directly; I don't even want to buy SUI. From an investment perspective, 99% of chains will underperform stocks like $CRCLon that have clear cash flow in the long run.
Right now, I see web3 focusing not on the chain but on the agent. The demand of web2, the funding and settlement of web3, will ultimately fall on the agent. Therefore, the investment research direction is simple: who can really help the agent make money and run the business loop seamlessly.
Based on this logic, I mainly focus on projects like VIRTUAL, TAO, and NEAR that work around the commercialization of agents, rather than simply narrating stories.
In the RWA track, ONDO and SYRUP
In the DEX track, UNI and HYPE
As for public chains themselves, the scale will definitely grow in the future, but competition will only get fiercer, and chains will find it hard to capture the value at the business level. Just buy ETH and SOL directly; I don't even want to buy SUI. From an investment perspective, 99% of chains will underperform stocks like $CRCLon that have clear cash flow in the long run.
