在最近的市场中，三个令人难以置信的事情以及对未来市场趋势的看法

祝新作品好运！顺便说一句，让我谈谈市场上最近令人难以置信的观点，以及对未来市场趋势的一些看法：

Good luck to the new work!

祝新作品好运！

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

顺便说一句，让我谈谈市场上最近令人难以置信的观点，以及对未来市场趋势的一些看法：

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）$特朗普硬币的出现确实为加密货币圈带来了很多“增量”，许多新用户已经通过诸如Xiaohongshu等渠道进入市场，但是美国总统的Meme Coin的财富创造效果却没有有足够的时间消化和进行。即使某些增量用户和资金来了，恐怕在将他们转换为链中的“新”用户之前，他们的加密货币梦已破碎，并且无情地说服了离开。

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，特朗普团队像魔术镜一样，摧毁了“技术，叙事，建筑，硬币发行和赋权”生态系统，该系统在加密货币圈中一直保持平衡多年，使每个人都可以看到过多的核心加密货币圈。

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，有了同样的赌博王牌卡，CEX可能无能为力。毕竟，守护关键生态位的风险投资人，交流和其他利己主义者将成为散户投资者赚钱的最大障碍，但是DEX自然没有这些障碍。当特朗普的破坏性流动性流血结束时，新的链接链链市场将再次开始。

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

专注于连锁店是2025年的主题，它与公牛和熊市无关。

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）从技术角度来看，DeepSeek在AI大型计算功率成本的价格上的突破显然是AI代理轨道的巨大福音。但是，它抑制了美国股票市场NVIDIA泡沫的原因导致Web3 AI代理资产遭受“错误的杀戮”。

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.

但从本质上讲，这是AI代理资产发行叙事泡沫的“理性”衰落。市场揭示了一个事实，价格持续下降。尽管AI代理已经从框架标准，单个AI，链化，Defai，Metaiverse等经历了一轮叙事演变。没有任何价值支持全部暴露。

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

当前的AI代理仍在夏季前夕，需要彻底改组来重建所有内容。

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

但幸运的是，在破坏之后，将会有必要和重生。

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）市场突然以一种绝对看涨的心情变成看跌，对链条上的加密货币友好型政府 +春季的火花 +市场上众多产品，协议和模因。从基本面来看，加密货币世界似乎正在​​接近黄金时代，但出乎意料的是看跌了吗？尽管目前尚不清楚，但仍需要一些时间来修复受损的情绪和资产损失。

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.

核心逻辑是：加密市场中的资产目标太多了，市场缺乏足够的增量用户和资金。依靠FOMO情绪无法推动现有旧资产的总体上升。换句话说，每个人都希望通过PVE陪伴该行业的增长，但他们只能做无尽的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".

如果该行业由于过度赌博的性质最终将遭受一波灾难，那么AI经纪人的新叙述是Nezha，他以“我的命运掌握在我自己的手中”的俗语来突破这一切。

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.

人工智能特工可以将新的生命注入旧的叙事，可以为链DEX带来新的活力，并且可以带来一个以产品 +应用为中心的新的PMF互动周期...即使在短期内，AI代理人没有给我任何东西，它根本不会影响我的无限渴望。

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

因为它可以加速AI和加密世界的整合并使一切变得更好。