在最近的市場中，三個令人難以置信的事情以及對未來市場趨勢的看法

祝新作品好運！順便說一句，讓我談談市場上最近令人難以置信的觀點，以及對未來市場趨勢的一些看法：

Good luck to the new work!

祝新作品好運！

By the way, let me talk about the recent unbelievable points in the market, as well as some views on the future market trend:

順便說一句，讓我談談市場上最近令人難以置信的觀點，以及對未來市場趨勢的一些看法：

1) The emergence of $TRUMP coin has indeed brought a lot of "increment" to the cryptocurrency circle, and many new users have entered the market through channels such as Xiaohongshu, but the wealth-creating effect of the US President's MEME coin has not had enough time to digest and undertake. Even if some incremental users and funds come, I am afraid that before they can be converted into "new" users on the chain, their cryptocurrency dreams have been shattered and they have been ruthlessly persuaded to leave.

1）$特朗普硬幣的出現確實為加密貨幣圈帶來了很多“增量”，許多新用戶已經通過諸如Xiaohongshu等渠道進入市場，但是美國總統的Meme Coin的財富創造效果卻沒有有足夠的時間消化和進行。即使某些增量用戶和資金來了，恐怕在將他們轉換為鏈中的“新”用戶之前，他們的加密貨幣夢已破碎，並且無情地說服了離開。

However, the TRUMP team, like a magic mirror, destroyed the "technology, narrative, building, coin issuance, and empowerment" ecosystem that has been balanced in the cryptocurrency circle for many years, allowing everyone to see the over-gambling core of the cryptocurrency circle.

但是，特朗普團隊像魔術鏡一樣，摧毀了“技術，敘事，建築，硬幣發行和賦權”生態系統，該系統在加密貨幣圈中一直保持平衡多年，使每個人都可以看到過多的核心加密貨幣圈。

But with the same gambling trump card, CEX may be powerless to recover. After all, VCs, exchanges and other egoists who guard key ecological niches will become the biggest obstacle for retail investors to make profits, but DEX does not naturally have these obstacles. When TRUMP's destructive liquidity bloodletting is over, a new prosperous on-chain market will start again.

但是，有了同樣的賭博王牌卡，CEX可能無能為力。畢竟，守護關鍵生態位的風險投資人，交流和其他利己主義者將成為散戶投資者賺錢的最大障礙，但是DEX自然沒有這些障礙。當特朗普的破壞性流動性流血結束時，新的鏈接鍊鍊市場將再次開始。

Focus on chain is the main theme of 2025, and it has nothing to do with the bull and bear markets.

專注於連鎖店是2025年的主題，它與公牛和熊市無關。

2) DeepSeek’s breakthrough in the pricing of AI large-model computing power costs is clearly a huge boon to the AI Agent track from a technical perspective. However, its suppression of the bubble of Nvidia in the US stock market has caused web3 AI Agent assets to suffer a “wrong kill”.

2）從技術角度來看，DeepSeek在AI大型計算功率成本的價格上的突破顯然是AI代理軌道的巨大福音。但是，它抑制了美國股票市場NVIDIA泡沫的原因導致Web3 AI代理資產遭受“錯誤的殺戮”。

But in essence, this is the "rational" decline of the AI Agent asset issuance narrative bubble. The market has revealed a truth with the continued decline in prices. Although AI Agent has gone through a round of narrative evolution from framework standards, single AI, chainization, DeFai, MetAiverse, etc., the "fragile" problems such as immature project technology, conspiracy groups playing the leading role, and the asset valuation system having no value support have all been exposed.

但從本質上講，這是AI代理資產發行敘事泡沫的“理性”衰落。市場揭示了一個事實，價格持續下降。儘管AI代理已經從框架標準，單個AI，鏈化，Defai，Metaiverse等經歷了一輪敘事演變。沒有任何價值支持全部暴露。

The current AI Agent is still on the eve of summer and needs a thorough reshuffle to rebuild everything.

當前的AI代理仍在夏季前夕，需要徹底改組來重建所有內容。

But fortunately, after destruction there will be nirvana and rebirth.

但幸運的是，在破壞之後，將會有必要和重生。

3) The market suddenly turned bearish in an absolutely bullish mood, with a crypto-friendly government + a spark of spring on the chain + numerous products, protocols and MEMEs in the market. From the fundamentals, it seems that the cryptocurrency world is approaching a golden age, but it unexpectedly turned bearish? Although it is still unclear, it will take some time to repair the damaged emotions and asset losses.

3）市場突然以一種絕對看漲的心情變成看跌，對鏈條上的加密貨幣友好型政府 +春季的火花 +市場上眾多產品，協議和模因。從基本面來看，加密貨幣世界似乎正在​​接近黃金時代，但出乎意料的是看跌了嗎？儘管目前尚不清楚，但仍需要一些時間來修復受損的情緒和資產損失。

The core logic is this: there are too many asset targets in the Crypto market, and the market lacks sufficient incremental users and funds. Relying on Fomo sentiment cannot drive the general rise of existing old assets. In other words, everyone wants to accompany the industry's growth through PVE, but they can only do endless PVP in order to survive.

核心邏輯是：加密市場中的資產目標太多了，市場缺乏足夠的增量用戶和資金。依靠FOMO情緒無法推動現有舊資產的總體上升。換句話說，每個人都希望通過PVE陪伴該行業的增長，但他們只能做無盡的PVP才能生存。

If the industry will eventually suffer a wave of disaster due to its nature of excessive gambling, then the new narrative of AI Agent is Nezha who breaks through all of this with the saying "My fate is in my own hands".

如果該行業由於過度賭博的性質最終將遭受一波災難，那麼AI經紀人的新敘述是Nezha，他以“我的命運掌握在我自己的手中”的俗語來突破這一切。

AI Agent can breathe new life into old narratives, can bring new vitality to on-chain DEX, and can bring about a new PMF involution cycle centered on products + applications... Even if in the short term, AI Agent has given me nothing, it does not affect my infinite longing for it at all.

人工智能特工可以將新的生命注入舊的敘事，可以為鏈DEX帶來新的活力，並且可以帶來一個以產品+應用為中心的新的PMF互動週期...即使在短期內，AI代理人沒有給我任何東西，它根本不會影響我的無限渴望。

Because it can accelerate the integration of AI and the Crypto world and make everything better.

因為它可以加速AI和加密世界的整合併使一切變得更好。