After the big drop, the old and the new take over. Here are the new opportunities for 6 ecosystems

Author: Pima, co-founder of ContinueCapital Source: X, @LeePima

After each big drop, the iron curtain of the replacement of the old and the new falls, and at the same time, it is the beginning of "the young here are all brilliant chapters" for other projects. What we have to do is to take investment seriously and select carefully.

In fact, the rhythm is the same every time, but the protagonist is changed: some projects basically ended the bull market journey before 519 in 21, and a lot of time was used to return to the previous high, such as DeFi/DOGE\BNB/DOT/MATIC represented by UNI.

Some projects are still as strong as teenagers after 519, and have gone through a long wave, which is 5-10X the high before 519, and did not peak until December 21, such as SOL/LUNA/SHIB/AXS/SAND, etc. So what are you observing from a personal perspective after this big drop?  

1/ $SOL and its ecosystem, there is not much to say, you can never wake up a person who pretends to be asleep.

2/ $SAGA and its ecosystem, modular L1, with its own ecological Buff, it still faces challenges in importing customers, let's see when the critical point will come.

3/ SUI and its ecosystem, the technology is beyond doubt, MOVE and other L1, face severe difficulties in importing customers, the long-term DAU is 2-5W, and the gap is getting bigger and bigger compared with SOL/BNB DAU 1 million, and new things and new brands are far less attractive to ordinary users than expected. Don't live on Twitter, live on the fundamentals of the project. Sometimes you feel so hot and popular, maybe it's just a topic in your group/in your village. Once you check the data on the chain, thousands of people around the world are playing, just playing house.

4/ Clob order book. AMM's mission has been completed. High-capacity L1 needs better adaptability DEX, and the competition is also fierce. UNI's V5 seems to be an order book; which one of Drift/Hyperliquid/RabbitX, etc. will come out? Does dual-token Purr have a chance?  

5/ What will SocialFi evolve into? What kind of crypto-native experience will $Friend /Fantasy/DistrictOne bring? How to expand the scale and retention is what SocialFi needs to explore further.

6/ Will new AI projects have opportunities? When will they generate positive revenue? $NMT $DEAI $NOS We have seen that the US stock market is harsh and picky about the performance of AI companies, and will also give great rewards for real performance. Coin circle AI will also have revenue. The question is how to expand the scale and build a moat.

7/ RWA is indeed one of the PMF roads. You have to stand at attention when you are beaten. I don’t understand how to screen it. It requires collective wisdom $MKR $RIO.

8/ MEME You thought the MEME you bought had been rising all the way, but in fact it was extremely bumpy. You only saw the result and ignored the torture of the holding process (the grinding $STAN/ $MONK/ $GIGA). Recently, it was quite interesting to see the dispute between the community cat representatives $POPCAT/ $MICHI and the VC cats during the Elvis King competition. At present, the pure community MEME has won, and the anti-VC trend has blown to MEME.