Ju identifies a fundamental shift in the digital asset landscape, asserting that projects lacking real-world application or consistent income streams are no longer sustainable. He categorizes the survivors of this market transition into three distinct groups: established internet platforms with tokenized layers, high-earning decentralized finance protocols, and infrastructure projects aligned with broader financial trends like stablecoins and tokenized assets.
Binance’s BNB and the TON network are cited as prime examples of tokens tethered to large-scale internet businesses, where long-term execution and revenue generation validate their market position. Similarly, decentralized exchanges such as Hyperliquid demonstrate the value of protocols that prioritize fee generation and protocol-level income. Beyond these, Ju highlights blockchain tools for AI agents and tokenized stocks as areas where utility is becoming increasingly apparent to both retail and institutional participants.
This trend coincides with a period where Bitcoin has successfully absorbed liquidity from traditional finance, leaving the broader altcoin market stagnant compared to its 2021 peaks. Ju suggests that the upcoming market phase will be defined by regulation and institutional involvement. While he maintains a skeptical stance, advising that the vast majority of existing tokens warrant rejection, he believes the sector is transitioning toward a more stable, albeit slower, growth trajectory.
Comments (0)
No comments yet. Be the first!