ChainCatcher Compilation

The highly anticipated TOKEN 2049 WEEK concluded last week, and the "Short Essay Creator Contest" for TOKEN 2049 WEEK is now online. The ChainCatcher editorial team has selected outstanding speeches from conference participants and excellent works from the "Short Essay" contest, extracting their essence for everyone's enjoyment.

Selected Token2049 Insights

The following articles are important pieces from the TOKEN 2049 WEEK, delivering information and content from a relatively objective perspective without being influenced by emotions. If you are looking to explore information, these are the recommended readings with a high level of valuable content.

Don't Miss Out! A Glimpse of Important Project Developments Announced During TOKEN2049 Conference

Keywords: Solana Seeker (mobile), Polygon, Berachain mainnet and token plans, web3 mobile

Recommendation: This article compiles important information released during the conference, including some breaking news that may be related to cryptocurrency.

Vitalik's 2049 Speech Full Text: What Excites Me About the Next Decade

Keywords: Layer 2, Rollup

Recommendation: Full text of Vitalik's on-site speech.

Summary:

1. The crypto field is no longer in its early stages.
2. Ethereum now needs to meet the demands of mainstream adoption while maintaining its values of open source and decentralization.
3. The major Ethereum Layer 2 solutions, OP and ARB, have reached an important security milestone known as Phase 1, and multiple ZK-based Rollups also indicate their plans to reach Phase 1 soon. Therefore, Rollups will soon become more secure.
4. This year, we have also seen progress in account abstraction. We see more people using security tools. We have seen EIP-7702.
5. Many technical improvements are happening on the Ethereum mainnet, making Layer 1 more decentralized and easier to verify while reducing final confirmation times and increasing capacity.

Multicoin Co-founder's TOKEN2049 Speech: Why Solana Will Surpass Ethereum

Keywords: solana, Layer1, Layer1

Recommendation: Multicoin has always been bearish on Ethereum and enthusiastic about investing in Ethereum killers, and now it is the number one supporter of Solana. If you have already watched Bankless and Multicoin's discussion on Ethereum, you can skip this article as the viewpoints are mostly consistent, except for the part about Solana.

Summary:

1. Ethereum is no longer the center of value capture, its development lacks a clear direction, and its positioning is ambiguous.
2. Solana's on-chain transaction volume has basically caught up with Ethereum's over the past year, sometimes even surpassing it.
3. Solana's token expansion advantage, the upcoming new Solana client Firedancer, and hardware expansion advantages are irreplicable by other communities.

Arthur Hayes's 2049 Speech Full Text: Market May Collapse After Rate Cuts, but Ethereum's Performance May Be Good

Keywords: Federal Reserve, Ethereum, macroeconomics

Recommendation: If you are also a macroeconomics enthusiast and keen to know the impact of the Federal Reserve's rate cuts on cryptocurrencies, this article is definitely worth reading. The speaker's appearance caused a stir as it was a well-known figure discussing a topic of great interest to everyone.

Summary:

1. The decline in US Treasury yields may indeed make high-yield tokens more attractive.
2. If Treasury yields decline rapidly (which I believe will happen), then Ethereum will become more attractive, and the returns I get from holding Ethereum may exceed the returns I can get from holding dollars.
3. If I expect central banks to unexpectedly cut rates significantly, or if they show very aggressive rate cut expectations in the dot plot (a tool for central banks to query each official's rate expectations for the future), we will see a significant appreciation of the yen.
4. If we expect central banks to actively cut rates in a deteriorating economic environment or financial crisis, then there is no reason to invest money in these RWA (real-world asset) protocols.

At TOKEN2049 in Singapore, How Did Influencer Ansem and Singer Iggy Azalea Discuss Meme Coins?

Keywords: Meme, consumer applications

Recommendation: This is a compilation of the roundtable discussion "The Virality of Value: Memecoins in the Attention Economy" at TOKEN2049, where two guests' viewpoints collided brilliantly.

Summary:

1. Meme tokens mainly focus on four key attributes: associability, distribution, virality, and scalability.
2. The core focus of this cycle is still closely related to meme coins and smart money will gradually flow to infrastructure projects, DeFi, and other areas.
3. Cryptocurrencies are gradually entering the retail market, and simple token integration is no longer enough to attract users.

Solana Breakpoint 2024: Insights into Solana

This was a highly regarded event during TOKEN 2049 WEEK, comparable to the main venue in terms of its intensive speeches and high-intensity output. More importantly, the conference revealed many wealth secrets around the Solana ecosystem.

Solana Breakpoint Review: Highlights of Ecosystem Trends

Keywords: major announcements, partnership announcements, issuance

Recommendation: This article is the flagship piece, covering what was said about the project dynamics in the Solana ecosystem at this year's Solana Breakpoint 2024. Many of the news items were not released by the project's official social media before that day, making it exclusive, first-hand information. The importance of this information may affect your wallet.

Uncovering 15 Potential Bullish Signals Not to Miss at Solana Breakpoint

Keywords: Jupiter (JUP), Solayer, Birdeye

Recommendation: This content compilation is more closely related to the secondary market, especially paying attention to token airdrop information.

Solana's New Mobile Seeker Unveiled: Can It Recoup Investment Through Airdrops This Time?

Keywords: Seeker, Saga, second generation

Recommendation: Information about the second generation Seeker, Saga, developed by Solana Mobile, a subsidiary of Solana Labs, has been officially announced. Earlier this year, Seeker started pre-sales under the codename "Chapter 2," and according to official announcements, pre-sales have exceeded 140,000 units.

TOKEN2049 Emotional Essays

Emotions are an important part of the market and are highly correlated with trading activity. The following articles are more narrative and experiential in nature.

Singapore Crypto Week Conference Experience: Old Narratives Ignored, Consumer Applications Awaited, Everyone Aspires to be a Super Individual

Keywords: business

Recommendation: Well-known KOL @starzq attended multiple conferences and summarized his experiences from a personal perspective, providing down-to-earth content.

Summary:

1. Interestingness ranking: Network State Conference > Breakpoint > Token 2049
2. Token 2049 exuded a strong business atmosphere and high-level topics (of course, the invited guests were also very high-profile);
3. At Solana Breakpoint, there was an active product development atmosphere, an engineering culture, innovation in the financial industry, and a focus on the Chinese-speaking community;
4. The Network State Conference had the most diverse participants and speakers, showcasing the most cutting-edge progress in the Network State, allowing a genuine understanding of the crypto/tech community's concern for society, healthy living, and private property, as well as everyone's yearning for the state of being a "super individual" who can freely live a globalized life. Even if you are not in the Crypto/Web3 circle, this part is still attractive, and indeed, I saw non-crypto people at this conference.

TOKEN2049: Widening Temperature Difference, the Stronger Become Stronger

Keywords: polarization, increased confidence in Chinese entrepreneurship, confusion

Recommendation: Foresight News author Zhou Zhou was on-site to perceive market hotspots and future trends.

Summary:

1. Solana, Base, TON, and BTCFi have been the best-developed ecosystems in the past year.
2. Singapore's second-largest ride-hailing app, TADA, has been integrated into Ton, allowing many attendees to enjoy a smooth experience of paying for rides with crypto, showing a glimmer of mass adoption.
3. Many entrepreneurs and investors from South Korea, Japan, Singapore, and Hong Kong were encountered. These four Asian crypto ecosystems each exhibited very different characteristics.
4. Investors and entrepreneurs are confused, while builders and retail investors are even more confused.

Love in the Club - Commemorating Every Day of Our Efforts

Keywords: club, Crytoria

Recommendation: Ni Da @Phyrex_Ni subtly satirizes the strong business atmosphere and impetuous entrepreneurial atmosphere at the main venue of TOKEN2049—how a slacker gradually achieves class advancement through continuous business networking and self-packaging. Although lacking in substance, it is still interesting. And you will find the author's attitude sincere.

In addition, Ni Da also wrote another short essay:

https://x.com/Phyrex_Ni/status/1837534777727242578

Key points:

• Token2049 has almost no "leeks" participating; those who pay for tickets are often industry insiders with some dissatisfaction. Token2049 itself is a big social stage, a stage for project parties to showcase to capital, exchanges, and KOLs, but it does not directly address users.
• Token2049 is like a shackle on the heads of project parties, but they still have to communicate with users and exchanges. Projects become the biggest "paying heroes," but the project's money comes from VCs.
• Accelerators and incubators between VCs and project parties have strong voices, especially those backed by top public chains or ecosystems. In the near future, high-quality accelerators will produce a batch of projects that can stand out even in the scarcity of liquidity.
• The industry's losses are also something everyone tries to avoid discussing; interlocking and mutually restraining, this is the truth behind Token2049.

Director Zhao of the Jewish: Cycles, Dawn, and Liquidity Incompetence****

Key points:

1. Never seen European and American project parties work so hard;
2. The information gap between Europe, America, and Asia is still huge, and European and American project parties still think that Asia has money;
3. The liquidity incompetence in the Asian market has made it difficult to write short essays in the Chinese community this year, and even after a busy week, attendees cannot express any feelings because whether it's capital, project parties, KOLs, or retail investors, they have basically run out of ammunition;
4. SOL's Breakpoint is the brightest event of the year.
5. If in April, Vitalik was still the "Web3 Han Emperor," then in September, the lovestruck little V who sold coins can only be the "Ghost King of Ethereum," shouting in confusion about "banning some substandard Layer 2" like a muddle-headed ruler who loves beauty but not the country;
6. Promising directions include: the DePIN project in Consumer Electronics, CeDeFi RWA as the underlying collateral issuance stablecoin project (BlackRock Buidl+USDM), all on-chain transactions, and all tools that increase on-chain leverage (Perp Dex).

Bitfish did not write a short essay, but drew a picture:

https://x.com/bitfish1/status/1835968542795345996

He believes that the current market trend is confusing and divides the market into two dimensions: crypto native vs. traditional, infrastructure vs. applications. Currently, the second quadrant is very confusing, the third quadrant is shrouded in FUD, there is some breakthrough in the fourth quadrant, and the first quadrant is busy enjoying the traffic dividend.

Web3event@DawnsXu: How Much Economic Benefit Will Token2049 Bring?

Summary:

1. Participants: Official data shows 20,000+ people, and the actual number of tickets purchased is expected to be close to 15,000, with ticket revenue approaching $10 million at an average early bird price of $699.
2. Sponsors: Official data shows 400+ sponsors, and a rough estimate of an average of 50,000 U sponsorship, resulting in sponsorship revenue of $20 million.
3. Peripheral activities: Official statistics show over 700+ peripheral activities, assuming an average cost of 20,000 U for each peripheral activity (generally sized), resulting in an investment of $14 million.
4. Travel expenses: The economic benefit brought to Singapore by over 20,000 crypto professionals is estimated to be around $60 million in consumption.
5. Additionally, there were many activities related to #meme coins, and this time the overall proportion of foreigners participating in activities in Singapore has increased significantly, possibly with 40% being foreigners and 60% being Asians.

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