X @Ignas | DeFi

Market Trends & Rotations - Crypto market anticipates a slow price increase, contrasting with a potential Q4 euphoric pump where early investors might sell, a gradual rise could facilitate transfer from early adopters to institutions [1] - Traditional Finance (TradFi) Data Availability Tier (DAT) cycle progresses from Bitcoin (BTC) DAT to Ethereum (ETH) DAT, then to Altcoins DATs, and finally to Onchain DATs, indicating current focus on Altcoins DATs [1] - Onchain DAT meta could revitalize struggling crypto alts, mirroring the revival of struggling TradFi stocks, potentially signaling a market top [2] DeFi & Token Analysis - Ethena's USDe supply doubled in a month, suggesting a shift in how overheated longs are perceived, potentially breaking the correlation between high funding rates and long positions [2] - $CFG shows potential for a 10x increase as a Real World Asset (RWA) leader with $12 billion TVL, trading at approximately 40x below $ONDO, with Horizon by Aave utilizing two $CFG products and S&P partnerships [3] - $INV is identified as a potential successor to $FLUID, showing strong adoption metrics and a 10x potential, but requires patience [3] Emerging Narratives & Technologies - Private Layer 1 blockchains (L1s) by companies like Google and Stripe are viewed as potentially bearish for $ETH but beneficial for overall industry expansion, suggesting $ETH and $SOL could still experience price increases despite shifts in dominance [2] - Revival of interest in Decentralized Science (DeSci) is noted, with $AUBRAI experiencing a 100x increase on $BIO, indicating a snowball effect in the sector [4] - Crypto debit cards are highlighted for building payment networks, with spend-to-earn models presenting a potentially popular narrative and lucrative airdrop opportunities [4] Market Cycle & Fundraising - The market may not reach its peak without a surge in Runes and Ordinals [3] - The industry observes a cyclical return to Initial Coin Offerings (ICOs), with capital shifting back into ICOs as airdrop farmers move away from the 'free money' mindset, suggesting a more sustainable early-stage investment environment [4] Platform Improvement & Growth - Polymarket requires improvements to its User Interface (UI) and trading experience due to persistent errors during 'market buy' transactions [5] - Hyperliquid's spot market growth is not fully reflected in its price, with the primary uncertainty being the $HYPE team's token unlocks [5]