DeFi 行业趋势 - 早期通过广泛参与多个协议以期获得空投的策略已不再有效 [1] - 小型生态系统需要投入大量资金用于信息平台、KOL 营销、代币销售以及与“vault managers”的幕后交易以获取 TVL (总锁定价值) [2] - Monad 花费数百万美元进行空投贿赂，以维持 KOL 的积极评价 [2] - 在缺乏内幕信息的情况下，参与共识交易比参与小众 dApp 更安全 [2] - 注意力和流动性正流向 Plasma、MegaETH sale、$ZEC 以及 Lighter 和 edgeX 等顶级永续 DEX 和预测市场 [2][3] 策略转变 - 行业竞争的优势不再是参与更多的项目，而是更好地筛选项目 [3]

Two years ago I was farming 60+ protocols across 10 chains.Some paid off like Etherfi and Kamino, while others flopped such as Stacks, Sei, Blast, and Injective.The era of spreading capital thin and hoping for big airdrops is (clearly) over.That makes life harder for smaller and less funded ecosystems.Before, they could launch points campaigns and attract liquidity and attention.Now they need real budgets for InfoFi platforms, KOLs campaigns on X, Echo/Legion/Kaito sales, and backdoor deals with 'vault mana ...