Bitcoin is approaching the $100,000 mark, counting the top 10 popular narratives

Written by: 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:

1. Modularity;

2. Inscriptions and runes;

3. Ethereum layer2;

4. Restaking;

5. Bitcoin layer2;

6. intent-centric;

7. Chain abstraction;

8. AI +;

9. zkVM;

10. PayFi;

If we rank the popular narratives above,Xiaobai NavigationWhich one do you think will recover first?

1) Modular expansion -> ignited the business expansion prospects of DA, AltVM, shared sequencer, decentralized storage, etc. -> trapped in the capital quagmire of serious infra homogeneity, high FDV and general bearish market;

2) Ordinals inscription (inscription, rune) -> became the "diversified" innovation singularity of assets issued on Bitcoin -> trapped in the dilemma of no "empowerment" due to the abundance of 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 for infra > application cannot effectively transfuse Ethereum;

4) Restaking -> Started a TVL Farming on-chain, bringing AVS outputSafetyConsensus business model -> Trapped in the slow implementation of AVS business closed loop, and the issuance of coins after the ecological points war overdraws expectations;

5) Bitcoin Layer2 (Bitcoin Layer2) -> Took over the second half of the Inscription Operation, introduced EVM-Compatible chain, isomorphic binding RGB++, ZK General bottom layer, Native cross-chain bridge, MoveVM, BTCFi related Stablecoin, lending and other DeFi infrastructure layout trends -> Trapped by too diverse technical specifications and still relying on DeFi, no BTC specific application scenarios have been born;

6) Intent-centric (intent-centric) -> triggered AI The discussion on the new trading paradigm driven by AI has introduced a decentralized solver network and stimulated a new trend of AMM on-chain market making. As AI Agents are still in the early stages of executing transactions, the slicing requirements of the solver network are limited, and the chain abstraction infra is not yet complete, so it cannot be converted into an experience-level "intention";

7) Chain abstraction ——> drives infra,contractThe "integration" trend of standards and unified accounts prepares for Onboard to have more users - > It is still in the early stages of the market and has been criticized for being more conceptual than substantial, and needs a breakthrough from phenomenal applications;

8) AI Narrative (AI +) ——> The huge user and business scenario demand of web2 itself, and the integration with Crypto have produced many narrative spaces such as decentralized cloud computing, distributed reasoning, DePIN, TEE, FHE, Blind Compute, AI Agent, etc. ——> AI big models are not yet mature in the web2 field, and overflow to web3 The demand volume is still too small and it will take time;

9) ZK General-Purpose (zkVM) -> Taking advantage of the Trustless feature of ZK technology in messaging between homogeneous and heterogeneous chains, it can perfectly separate off-chain computing and on-chain verification scenarios, and then become the next-generation unified infrastructure that connects chains, applications, and liquidity -> Trapped by the fact that the technology is 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 stable interest-bearing demand for on-chain funds -> Trapped in the fact that the integration of compliance qualifications and business scenarios is not a one-day job, it is difficult to form economies of scale in a short period of time if the efforts are scattered.

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