Can this round of DeFi projects such as UNI and CRV break previous highs?

Source: Daoshuo Blockchain

1. What is Degen on the Base chain?

I have written an article about Degen on the Base chain before. It was originally just a MEME coin on the Base chain, but later more and more applications on Farcaster began to use it as a consumption token, and a team developed a third-layer network based on the Base chain using Degen as the native token.

Degen may not be the MEME coin with the largest increase on the Base chain, nor may it be the most popular MEME coin on the Base chain, but it is likely to be the most widely used MEME coin on the Base chain.

2. How about SSV?

I have talked about this coin in previous articles. It can also be regarded as a project in the staking category.

The business model of staking projects is very clear, and the risk-return is relatively easy to analyze, and it is also relatively easy to see where the ceiling of the project is.

It is easy to estimate whether the valuation of the tokens of such projects is reasonable or whether it exceeds the reasonable range of the project. Once the price of such projects is too outrageous, it is easy to be cashed out and smashed, so the price increase of the currency can easily reach the ceiling.

For such projects, their tokens may cause the price to soar due to short-term speculation. Once the craze is over, the trend of their tokens is likely to be a steady progress, which may be slightly better than Bitcoin and Ethereum, or even worse.

So this type of token is more in line with the tastes of large institutions and suitable for large funds to participate, and it is generally meaningful to retail investors.

I also have this view on the pledge projects I participated in, such as EigenLayer and Ether.Fi. If there were no opportunities to make money from these projects, I would probably not pay too much attention to them.

3. This round of DeFi performance is too poor. Do UNI, SUSHI, CRV and the like have any chance to break the previous high?

In this round of trend, the tokens of classic DeFi projects are indeed unsatisfactory, but some new projects such as Pendle still perform well.

But overall, I still think that the price of DeFi project tokens is suppressed.

DeFi projects are the only sub-sector that can achieve positive revenue among all the sub-sectors. However, due to regulatory obstacles, the revenue of these projects is difficult to be empowered to tokens in a fair and open manner, so the price of their tokens is severely limited.

If this problem is not solved, the tokens of the entire DeFi ecosystem may have limited room for growth.

As for whether they can break the previous high in the next bull market, I can't guess.

4. In the judicial, financial, contract, archives and other aspects, too much information needs to be kept for more than 20 years. How much room for development does decentralized storage have in these areas?

I think there is a lot of room for decentralized storage (especially permanent storage). But whether the judicial, financial, contract and other materials mentioned in this question can be used in the current permanent storage (such as Arweave), technically it is definitely possible, but at this stage, the obstacles to use are probably mainly in cost and operational thresholds.

I believe that in the future, when the cost and usage threshold of similar applications are reduced to a low enough level, this application will definitely explode.

5. Will PEPE become the second Dogecoin or Shitcoin?

I think it is unlikely that PEPE will become the second Shitcoin because it lacks a strong team building ecosystem. Whether it can become Dogecoin depends on whether there are people like Musk who keep paying attention to it.

Without these conditions, PEPE may only be a hot project: when people think of it, they will take advantage of it, and when they forget it, they will leave it alone.