2026-01-06 17:32:17

A recent obvious change is that the market is gradually returning to rationality. In sectors like DeFi, L2, and new public chains, the projects that can truly survive are focusing on two things: the actual user base and sustainable revenue models. Short-term hotspots will cool down, which is normal, but those truly valuable products will gradually emerge through time. This cycle may not make everyone rich, but it will indeed filter out teams with execution ability who are genuinely working on their projects. The process of survival of the fittest may be brutal, but it is actually beneficial for the long-term healthy development of the ecosystem.

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MaticHoleFiller

· 01-09 07:21

In plain terms, the era of harvesting "leeks" is over; now you need real skills to succeed.

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SatsStacking

· 01-07 17:14

That's right, we need to cut off those air projects and see real results with real effort. --- User base and revenue model, these two are truly the ultimate test. --- Harsh? Haha, for those of us who hold long-term, it's actually good news. --- After all this hype, it's finally time to see who is truly building. --- The cooling-off period has arrived, which actually presents more opportunities. The best outcome is for the trash projects to be eliminated. --- Always talking about a healthy ecosystem, but isn't that just survival of the fittest? It was about time for that to happen. --- Wait, does this mean we have to expect a few more dips this year? --- A team with execution ability can survive, but surviving doesn't mean making money. Those are two different things.

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LadderToolGuy

· 01-06 17:51

Well said. Now, let's see who is truly dedicated to product development; they are the ones betting on the future. Wait, you mentioned user base and revenue models—are these two really that easy to balance? Another wave of death is coming, and the crypto world is about to start telling stories again. After this round, I guess a large number of projects will have to run away. I never thought that projects able to persist until now would already be considered winners. I just want to know, among those claiming to have strong execution capabilities, how many can really survive the next bear market. Market rationality? Haha, why haven't those still hyping concepts calmed down? But on the other hand, the filtered players are indeed more worth paying attention to, with less noise. So now, is it a good time to buy the dip or to be the bagholder? That's really hard to judge.

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ThesisInvestor

· 01-06 17:42

In plain terms, it's becoming increasingly difficult to profit from "cutting leeks" nowadays, which is actually a good thing. Those vapor projects now have no way out.

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FancyResearchLab