Author: Haotian
After Bitcoin broke through the $100,000 mark, driven by the market recovery Pump, we take stock of the 10 hot narratives that may break out at any time:
Modularity;
Inscriptions and runes;
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 recover first?
1) Modular expansion——> ignited the commercial expansion prospects of DA, AltVM, shared sequencer, decentralized storage, etc.——> trapped in the capital quagmire of serious infra homogeneity, high FDV and general bearishness in the market;
2) Ordinals inscription——> became the "diversified" innovation singularity of assets issued on Bitcoin——> trapped in the dilemma of "empowerment" after the numerous assets and the mess after Fomo;
3) Ethereum Layer2——> from Plasma, Validium to Rollup paradigm dispute, and then to Rollup layer2 standard dispute (OP/ZK), specification debate (orthodoxy), TPS dispute, Compatible Standards (type0, 1, 2, 4), RaaS (one-click chain launch)——> criticized infra > application for not being able to effectively transfuse blood into Ethereum;
4) Restaking——> set off a wave of TVL Farming points on the chain, and brought about a business model of AVS outputting security consensus——> trapped by the slow landing of the AVS business closed loop, and the overdraft of coin issuance after the ecological points war;
5) Bitcoin Layer2——> took over the second half of the inscription operation, and introduced the DeFi infrastructure layout wave such as EVM- Compatible chain, isomorphic binding RGB++, ZK General bottom layer, Native cross-chain bridge, MoveVM, BTCFi related Stablecoin, lending, etc.——> trapped by too diverse technical specifications and dependence on DeFi, and no BTC Specific application scenarios have been born;
9) ZK General-Purpose (zkVM)——> Taking advantage of the Trustless feature of ZK technology in message transmission between homogeneous/heterogeneous chains, it can perfectly divide off-chain computing and on-chain verification scenarios, and then become the next generation of unified infrastructure connecting chains, applications, and liquidity——> Trapped by the technology being too "upstream", it requires a long time to explore and implement application scenarios;
10) PayFI (RWA related)——> Trying to break the separation between off-chain traditional business scenarios and on-chain basic infra, breaking through restrictions such as compliance and Mass Adoption, and introducing a steady interest-bearing demand for on-chain funds——> Trapped by the fact that the integration of compliance qualifications and business scenarios is not a one-day job, scattered soldiers are fighting, and it is difficult to form a scale effect in a short period of time.