A group friend asked me why I am optimistic about Ethereum this time, and my reasons are as follows:
1. ETH hasn't reached an ATH this round.
2. The US stock market has introduced micro-strategies for ETH.
3. Ethereum staking ETF.
4. The foundation is laying off employees and is no longer passive.
5. The pump has become boring; it's time to explore new things, and innovation is happening in Ethereum.
6. Recently, the queue for new ETH staking has reached an ATH.
7. I bought some.
Of course, the most important point is number 7.
If this wave continues to rise, I believe Ethereum will be even stronger, so the second narrative I am optimistic about is the innovation on Ethereum.
Uniswap v4 (hook)
hook has been launched for a while, but it hasn't gained much momentum. Recently, I've noticed that more and more projects are emerging around hook, with old protocols updating and new protocols preparing to integrate, which is worth observing closely.
You can refer to @0x_Todd's tweet for an introduction to hook:
Currently, the launchpad generating the most quality tokens is @clankeronbase's #clanker, which is preparing to update to v4 and will integrate hook. Recently popular tokens like $bnkr, $noice, and $qr were all launched there. Compared to Pump, I personally believe its market cap is undervalued, as it has actually been listed on CB's spot market.
Currently, @HookRank's top-ranked @flaunchgg is preparing to update its product next week, and combined with the Base chain's upgrade, it may bring an experience comparable to Pump. You can try it out after it goes live.
$flay is their official token.
$flnchy is the first meme launched there.
Recently, there have been 7 launchpads around @dopplerprotocol on the Base chain, which is a liquidity launch protocol based on hook. Each one can earn a bit when it first opens. The strongest one currently is @tryoharaAI's #HelloWorld.
Here are the introductions to these 7 launchpads:
@thecabalcoin's $cabal is an art token created using hook, with a mechanism similar to @freysa_ai. It was heavily targeted by snipers at launch, so its performance wasn't great, but it seems to have stabilized now, and I hope there will be a second wave opportunity.
The small lottery @politiswap_'s $pswap is preparing to update to v2. This is a project designed based on the U.S. Congressional trading market, and v1 performed average, so let's see how v2 does.
In terms of mining, @bunni_xyz just passed a proposal from Uniswap and received a subsidy for support. I won't delve into this; those interested can learn more on their own.
It's worth noting that PancakeSwap also has similar hook functionalities. If hook can succeed in the future, BSC should also have a wave of forks, so let's wait and see!
I'm talking about the medium term. In the short term, I think it might drop.
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