We all know that during the bull market intermission, many institutional investors began to frantically research projects and industry hotspots, hoping to catch the hotspots of the second half of the bull market. For ordinary investors, they still can’t see the second half. There is hope, so let’s talk about the second half of the bull market today to provide a reference for those who will be behind.
We all know that in this bull market, the development of the public chain is relatively poor, mainly because the DEFI application of the public chain based on Ethereum attracts the attention of funds, while the DEFI application of other public chains is difficult to develop, so funds must be gathered on the defi application, which also makes a lot of current public chain's performance will not be good, then the second half of the bull market chain public will have the opportunity to it?
We believe that there may still be opportunities for hype in the public chain, but the overall development opportunities of the public chain in the future may not be great. In other words, short-term speculation is still possible, but in the long-term, it is still not worthy of attention. The development of layer2 is also in full swing. A large number of applications are concentrated on Ethereum, and this is currently the most attractive way. In this way, developers in the market will inevitably Attracted by the Ethereum ecosystem, it may be more difficult for them to pay attention to other public chains. Therefore, the development and prosperity of other public chains will be difficult to emerge. Except for the few excellent public chains that we often continue to retain, it may be large. The existence of some other public chains will disappear.
For other public chains, their ecology will also be supported by the project party, so it is unlikely to attract the attention of external teams. As a result, some public chains may develop a small part of the defi ecology, but it is difficult to form With defi ecosystems and application scenarios like forests, the development prospects of these public chains will be further reduced.
Although there is not much opportunity for the public chain, for defi , will the bull market continue in the second half? We believe that in the second half of the bull market, defi will continue to be hot, but there must be a change here, that is, the current liquidity mining model may change.
We all know that the bull market in the first half, defi development of major mining or liquidity to uniswap of amm market making agreements and compound pledge lending this entire defi market propped up, but in the event of market adjustment, these false idle mechanism will also face great challenges. For example, TVL has been declining, and miners participating in liquid mining continue to dig and sell, making the defi project collapse more quickly, so this also makes many people have some doubts about defi .
But we can not because of the current defi idling opposition defi useful, defi is a new technology finance, people before the dream of "doing our own bank" is the truth, but the reality is difficult to achieve, so the bull market in the second half of the words, defi Will use L2 to further develop its own application scenarios, and these scenarios will naturally be more specific, such as loans and pledges for personal use, or deposit demand and transactions, etc., rather than just for obtaining liquidity mining incentives. Because the final application of defi will inevitably be closely related to people's lives, as long as it is truly implemented in people's life scenarios, defi will truly develop and mature.
Further development of Nft
As far as nft is concerned, the current market has gone too far. At this time, there is less market speculation, and funds will begin to seek nft themes. Now nft main issue is less the transaction flow of the scene, in other words, professional nft exchange is still relatively small, and the market now, there are some projects will focus on nft on the trading platform, a large number of nft trading platforms in a bull market in the second half appear.
Finally, let’s talk about the mining section. After a wave of reshuffle of the traditional mainstream mining coins, the market will become more resistant, but the industry still needs to take a breath, so there will be no excessive incidents in the second half, and storage Mining may take advantage of this wave to develop, so this is also what we need to pay attention to in the future.
