Reflections on the Singapore Conference: Stay away from noise, the development of the industry is always driven by optimists

From WebX, KBW to TOKEN2049, each event reached an ATH in terms of the number of attendees.

It's another conference, what are you guys rolling out this year?

1-Roll dresscode, the trend started by berachain finally swept everyone. Wearing a hood is a basic operation. The best thing is that you can share without wearing any clothes. The purpose is the same, hoping to spread.

2-Reel DJ, check the top 100 DJ rankings, check the DJ's body shape, and even check if the DJ has hair;

3-Volume AwardsThis year, many activities require awarding prizes, but most of the awards are not actually awards, but just social skills.

But speaking of awards, the most eye-catching award this year came from Breakpoint, which is also one of the best conferences I have attended recently.

Breakpoint2024, one of the best conferences this year

Key Features:

1- Most speakers only have 5 minutes to share, so you must focus on the key points;

2-Add debate format instead of pure boring pannel;

3-Alternative award ceremony,CommunityThe vibe is full.

When you walk into the Solana exhibition hall, you feel like it is a supermarket rather than just an exhibition.

From a project perspective, dozens of projects including Jupiter, Pyth, Wormhole, Birdeye, etc. have released their own new products, and the whole process was full of interesting moments.

The meeting was divided into two stages, from left to right and from right to left. I can’t remember how many times I ran back and forth just to avoid missing some important links.

The first day of the meeting lasted from 10:30 am to 6:00 pm. Thanks to the compact schedule and agenda with almost no advertisements, almost every sharing session was packed.

While listening to the sharing, whether it is the applause for "Firedancer" or the shouting "GO!" to "DeGods", you will find that Solana is nowCommunity, there is extremely consistent consensus on the general direction.

We all know what Solana’s future development focus is;

Everyone knows which projects in the Solana ecosystem are truly loyal members;

Everyone knows which jokes in the Solana ecosystem can only be understood by Solana insiders.

Solana is the Beta in this cycle. It should be the consensus of many people. The non-consensus exists in: many friends think that, for example, Pyth, Jupiter, Wormhole, DrifXiaobai NavigationAfter the launch of major projects such as t, the Solana ecosystem seems to no longer have so many alpha projects worth looking forward to.

In fact, this is not the case.

For example, Backpack, Cube, Flashtrade, Sonic, Solayer, ComputeLabs, etc., developers are pouring into Solana and creating more interesting things.

I remember that on the technical stage on the right, the host asked at the beginning how many people were coming to Breakpoint for the first time, and almost half of the people raised their hands. The proportion of fresh blood was as high as 50%!

从低谷爬起来的Solana，Community变得更加的坚韧。感谢 Solar ，让我参与了这样一次活动。

It’s great that Solana has a community like yours.

Move series, another alpha besides Solana

During TOKEN 2049, Sui's surge also attracted a lot of attention.

Sui Builder House is also one of the most popular activities before TOKEN 2049.

In fact, I started to contact people around April this year. The main logic was:

1-Solana traffic overflow,For developers/speculators who think that the ecosystem on Solana is saturated, they will look for the next alpha. The last cycle had polygon, avalanche, etc., and this cycle should be sui, ton, etc.;

2-The relevance of Move language to RUST,We all know that it is not difficult to switch from RUST to Move, so whether Solana's project is squeezed out or wants to do a side project to launch a new project, Move is a good choice, such as Solend went to Sui to create Suilend, etc. This applies to Sui, Aptos, and Movement;

3- Recognition from technical friends,Currently, Sui and Aptos have both launched their tokens on the mainnet. After consulting some technical friends, many people think that Sui's technology and documentation are better.

At that time, there was no so-called Grayscale Trust, and there was no Native USDC on Sui. With the support of these two, I believe Sui will develop better.

Of course, overall, I am full of expectations for Sui, Aptos and Movement. When writing this article, $APTOS has also increased by 14%.

However, Sui's problem is that there are too few assets that can be hyped. Although SuiPlay was launched and the largest game booth was set up at KBW in Korea, its star projects are still Cetus, Turbos, Navi, Scallop, and memes. You can count them on your hands. I hope that the incubation plan of Cetus and Sui will produce more.

Aptos’ problem seems to be that users/community are still a little confused about the direction in which its foundation wants to work. Movement is the only Move-related project that has not yet issued a coin. Keep an eye on it and hope to see some star cases soon.

After the expectation of interest rate cut, everyone is more optimistic

From Japan, South Korea to Singapore, since I am a trading idiot, I can only seize every opportunity to consult friends about their views on the future market.Generally speaking, people seem to be more optimistic.

Two or three months ago, most of my friends thought that the cycle was over, or that the bull market would only last until Q4 of this year or Q1 of next year.

From now on, it is a more conservative view that the bull market will last until Q1 of next year, and many people believe that it can last until Q3 of next year.

The main reason is that the interest rate cut cycle has begun, and 50 points is just the beginning. It takes time to loosen the money supply. At the same time, the asset outflow of US stocks/BTC has not yet started.

The main uncertainty lies in the general election in November.

Although some people have said before that everyone is looking for exit liquidity, and even some old people have expressed that they are very disappointed with the industry and cannot see any innovation, etc.

But my advice is, let it go.

Don't just look at the pessimistic side, just let them go if they are disappointed.

In fact, there are still many hard-working founders and projects in the industry. Yes, some are actively looking for exit liquidity, some are actively posting memes and making deals; but there are also many people who are always exploring the development direction of the industry, constantly trying and failing to find PMF, and some areTokenThe founders who are ranked very high are still shuttling between various venues and working as model workers.

For example, Jambo has sold more than 500,000 units of its "African Phone" in the last cycle, covering more than 120 countries, and recently launched the Jambo Phone 2. Every time I meet with their founders, I can feel their passion for the project.

For example, Solv, which had difficulty finding PMF before, now embraces the BTC ecosystem. With a tenacious team, they now have $13 billion in solvBTC.

For example, Sonic, which started out as a marketplace for gaming projects, has now become famous for building SVM;

For example, Matr1x, from its launch to its coin listing to testing, has faced various doubts and is now officially online without deleting files.Gold Farmingtest.

There will be people who are pessimistic about the industry in every cycle, just as every project will experience different fuds.

Be it pessimism or fud,

The industry is always driven by optimists. Without fud, there is no real community.

Let us strive for beautiful things!

WebX Osaka Fireworks Festival a few days ago

By the way, this year's GrowthNet event also came as scheduled. Although it was not as popular as last year, it was still almost full as it coincided with the opening of Vitalik Buterin and 2049 on the same day. I am already satisfied.

Thanks again to our speakers, see you next year

The article comes from the Internet:Reflections on the Singapore Conference: Stay away from noise, the development of the industry is always driven by optimists

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