Finally, the bull is back, look back at the popular VC coins back then, and look at ZK and FHE The pile on it now is the hottest track of VC in 23 years, The trend of accelerating clearance continues, Last year's memecoin grabbed the VC coin spot The oldest set of GameFi, SocialFi is almost dead; 23 years of ZK, FHE track and the like have recently been cleared; Prep Dex, on-chain U.S. stocks and the like are waiting, But whether it can be seen whether the interests of the exchange are consistent In the future, there may be a period of time when no projects can be launched, and that is when the real bull market comes, and the market buying is much greater than the supply of new projects Let's talk about the ZK and FHE tracks; Succinct, the leader of the ZK track, has been on the market, and the stablecoin has now taken off again, and the ZK track is basically over. Axiom, which was a big hit back then, also didn't move (not the trading bot one) There is also the FHE track: The ultimate leader ZAMA, which has melted 110M, does not look very anxious. Now it seems that the one who can play more is @mindnetwork_xyz, and ticker occupies the name of the $FHE track. The new action has always been related to the recent AI and RWA, and has signed a cooperation with Lark (overseas flying book); It has also been engaged in Alibaba Cloud, and the landing scene is the farthest. But the PMF of projects to B is always difficult for retail investors to understand. The new thing may still revolve around the bonding curve, which is too gambling, and I believe this is still a larger cycle of asset issuance logic. Another set is optimistic about the variant version of polymarket, such as the Euphoria on megaeth My feeling is that there are more and more real PMF projects and fewer air projects. Although the gameplay is still in the market manipulation stage, the product is always getting better and better. Wait for the flowers to bloom