With Trump's victory in the election, the entire cryptocurrency market is entering a new phase. This not only signifies changes in market dynamics but also indicates that the development logic of the crypto industry will undergo a profound reset. To seize on-chain Alpha opportunities, strategies and methods will need to be continuously adjusted and updated. This article, based on NingNing's tweet and compiled and edited by PANews, aims to explore the five key points that are worth paying attention to in the future cryptocurrency market.
1. Crypto Nihilism Will Become a Thing of the Past
The on-chain pure PVP (player versus player) market operation has led countless investors and users to pay a heavy price over the past few years. Many have "paid tuition" in the form of large amounts of SOL, as the "IQ tax" in this market has caused significant hardship. This model, which solely relied on game theory and zero-sum competition, has shown its limitations. As the market matures, this approach will gradually be phased out, and rational investment and value creation will gradually take its place. Therefore, it’s time to stop the losses and avoid continuing to invest in a field that no longer holds any advantages.
2. The Market Will No Longer Tolerate 'Infra Maxi'
With the rapid maturation of RaaS (Blockchain-as-a-Service) providers and the widespread adoption of technologies like Cosmos SDK, the construction cost for Web3 infrastructure has been significantly reduced. The "fat protocols" mentality and construction model of the past will gradually fade away. This means that blockchain architectures will become more efficient and streamlined in the future, achieving stronger functionality at lower costs. Applications with real users and revenue will no longer rely on traditional "heavy protocols," but will opt for AppChains to reshape the entire ecosystem. This not only improves the user experience but also achieves higher operational efficiency. The competitive focus of the market will shift from infrastructure building to specific products and operations, leading to profound changes in industry interests and discourse.
3. Compliance Will Be One of the Main Themes for the Next Four Years
The principle of "Code is law" used to symbolize rebellion and innovation in the crypto world, but it can no longer serve as a safe haven for illegal groups, hackers, and fraudsters in today’s climate. As the global regulatory environment changes, large offshore exchanges will face increasing regulatory pressure, and may be required to separate their business and operate independently. For example, Bitcoin mining, venture capital, market-making, fund custody, and wealth management businesses might all need to become separate entities and comply with stricter regulations. Exchanges that can meet compliance requirements will benefit from policy relaxations, accelerating the integration of the crypto market with traditional finance and giving rise to new growth scenarios such as PayFI (payment finance), RWA (real-world assets), STO (security tokens), compliant stablecoins, and compliant OTC (over-the-counter) markets.
4. Current AI Agents Are Just Office Assistants, Not Self-Aware
The development of AI technology is undoubtedly a hot topic in the tech world, but we must acknowledge that current AI agents are merely efficient office assistants and have not reached the level of self-awareness. While OpenAI’s products can assist in many fields, we need to wait for further development and upgrades of AI agents, especially after 2025. A key issue to watch is whether the partnership between Worldcoin and OpenAI will be made public as the regulatory environment in the U.S. evolves. Whether Sam Altman will begin discussing this matter is a significant dynamic to follow in the coming years.
5. Old Application Scenarios Will Be Revitalized
Over the past few years, the application of NFTs has mainly focused on the trade of artworks and collectibles. However, with the maturation of the market and changing demand, the application of NFTs will undergo a significant transformation. Opensea 2.0 will rebuild its platform architecture and upgrade it to an AppChain, which will not only make NFT transactions more efficient but also promote the emergence of more innovative applications. The next generation of NFTs will return to their essence as consumer goods, re-entering the market in the form of Web3 game character items, digital companion dolls, and so on, becoming part of ordinary consumers’ daily lives. This revolution will expand NFTs into the daily consumer goods sector, breaking away from their previous limitation to collectibles and opening up new market opportunities.
Conclusion
In conclusion, the market model centered on PVP (player vs. player) is over, and we are entering a new cycle dominated by value investment. In this new cycle, projects and applications with real value will see more vigorous development, and the logic of discovering on-chain Alpha will continue to evolve and upgrade as the market changes. With the gradual clarification of regulatory policies and ongoing technological innovations, the future of the cryptocurrency market will be full of opportunities and challenges.