Source: DaoShuo Blockchain
1. What is Degen on the Base Chain?
I have previously written an article specifically introducing Degen on the Base Chain. Originally, it was just a MEME coin on the Base Chain, but later, more and more applications on Farcaster started using it as a consumption token, and a team specifically developed a third-layer network based on the Base Chain for the native token using Degen.
Degen may not necessarily be the MEME coin with the highest increase on the Base Chain, nor is it currently the most popular MEME coin on the Base Chain, but it is probably the most widely used MEME coin on the Base Chain.
2. How about SSV?
I have discussed this coin in previous articles, and it falls into the category of staking projects.
The business models of staking projects are very clear, and the risk-return is relatively easy to analyze, making it easy to see where the project’s ceiling lies.
The valuation of tokens from such projects can be easily estimated, and whether it exceeds a reasonable range for the project can also be easily calculated. Once the price of such projects becomes unreasonable, it is easy to cash out and crash, so the price increase can easily hit a ceiling.
For such projects, besides short-term speculation that may cause prices to soar, once the hype is over, the tokens of these projects are likely to steadily move forward, perhaps slightly better than Bitcoin or Ethereum, but maybe not as much.
Therefore, these types of tokens are more in line with the tastes of large institutions and are suitable for large funds to participate in, with limited significance for retail investors.
For staking projects I am personally involved in, such as EigenLayer and Ether.Fi, I also share this view. If it were not for the opportunity to benefit from these projects, I probably wouldn’t pay too much attention to them.
3. This DeFi cycle has performed poorly, is there a chance for UNI, SUSHI, CRV, and others to break their previous highs?
In this trend, the tokens of classic DeFi projects are indeed disappointing, but some newer projects like Pendle are performing well.
Overall, however, I still believe that the prices of DeFi project tokens have been suppressed.
DeFi projects are currently the only subsector that can generate positive revenue. But perhaps due to regulatory obstacles, the revenue of these projects is difficult to be transparently empowered to tokens, thus severely limiting their token prices.
Unless this issue is resolved, the upward potential for the tokens of the entire DeFi ecosystem may be limited.
As for whether they can break their previous highs in the upcoming bull market, I can’t predict.
4. In areas such as judiciary, finance, contracts, and records, where a lot of data needs to be stored for over 20 years, how much development space is there for decentralized storage?
I believe that decentralized storage (especially permanent storage) has a lot of potential. However, whether the materials mentioned in this issue, such as judiciary, finance, contracts, etc., can be used with current permanent storage (such as Arweave) is definitely technically feasible. But at the current stage, the main obstacles are likely to be in cost and operational barriers.
I believe that when the costs and usability barriers of similar applications are lowered enough in the future, this application will definitely explode.
5. Will PEPE become the next Dogecoin or Shitcoin?
I think the possibility of PEPE becoming the next Shitcoin is unlikely because it lacks a strong team to build an ecosystem. Whether it can become like Dogecoin depends on whether there are people like Musk constantly paying attention to it.
Without these conditions, PEPE may just be a project riding on the trend: jumping on the bandwagon when people remember it, and putting it aside when they forget about it.
