Just read this one! TOKEN2049 WEEK speeches and essays collection

Organizer: ChainCatcher

The highly anticipated TOKEN 2049 WEEK concluded successfully last week, and the "Short Essay Creator Contest" for TOKEN 2049 WEEK has been launched. The ChainCatcher editorial team has selected the wonderful speeches from attending guests and outstanding works from the "Short Essay" contest, highlighting the essence for a quick overview.

Token2049 Highlights

The following articles are important pieces from TOKEN 2049 WEEK, conveying information and content from a relatively objective perspective, not based on emotions. If you want to dig for information, these contents are what we consider suitable for reading, with a high rate of valuable insights.

Don't Miss! Important Project Updates Announced During TOKEN2049

Keywords: Solana Seeker (mobile), Polygon, Berachain mainnet and token plans, web3 mobile

Recommended introduction: This article collects important information released during the conference, with some being breaking news, and some information may relate to wealth codes.

Vitalik's 2049 Speech Transcript: What Excites Me About the Next Decade

Keywords: Layer 2, Rollup

Recommended introduction: Full transcript of Vitalik's live speech.

Summary:

1. The crypto space is no longer in its early stages.

2. The current Ethereum needs to meet the demands of mainstream adoption while maintaining the values of open source and decentralization.

3. The two main Ethereum Layer 2s, OP and ARB, have reached an important security milestone called Phase 1, and several ZK-based Rollups have also indicated that they plan to reach Phase 1 soon. Therefore, Rollups will soon become more secure.

4. This year we have also seen progress in account abstraction. We see more and more people using security tools. We have seen EIP-7702.

5. On the Ethereum mainnet, many technical improvements are happening, making Layer 1 more decentralized and easier to verify while reducing final confirmation times and increasing capacity.

Multicoin Co-Founder TOKEN2049 Speech: Why Solana Will Surpass Ethereum

Keywords: Solana, Layer 1, Layer 1

Recommended introduction: Multicoin has always been bearish on Ethereum and is keen on investing in Ethereum killers, and now they are Solana's number one supporters. If you have previously watched the Bankless discussion with Multicoin about Ethereum, you can skip this article as the viewpoints are basically consistent—except for the part about Solana.

Summary:

1. Ethereum is no longer the center of value capture, development lacks a clear direction, and its positioning is vague.

2. Solana's on-chain transaction volume has nearly caught up with Ethereum over the past year, sometimes even exceeding it.

3. Solana's token scaling advantages, the Firedancer client advantages (the upcoming new Solana client), and hardware scaling advantages are not replicable by other communities.

Arthur Hayes 2049 Speech Transcript: The Market May Crash After Rate Cuts, But Ethereum Might Perform Well

Keywords: Federal Reserve, Ethereum, macroeconomics

Recommended introduction: If you are also a macroeconomics enthusiast and want to know the impact of the Federal Reserve's rate cuts on cryptocurrencies, this article is definitely worth your time. The speaker's entrance caused a roar from the audience—this is a well-known figure discussing a topic everyone cares about.

Summary:

1. The decline in U.S. Treasury yields may indeed make high-yield tokens more attractive.

2. If Treasury yields fall rapidly (which I believe will happen), then Ethereum will become more attractive, and the returns I gain from holding Ethereum may exceed those from holding dollars.

3. If I expect the central bank to unexpectedly cut rates significantly, or if they show very aggressive rate cut expectations in the dot plot (a tool for querying each central bank official's expectations for future interest rates), we will see a significant appreciation of the yen.

4. If we expect the central bank to actively cut rates in the event of an economic downturn or financial crisis, then there is no reason to invest in these RWA (real-world asset) protocols.

At TOKEN2049 in Singapore, How Did Influencer Ansem Discuss Meme Coins with Singer Iggy Azalea?

Keywords: Meme, consumer applications

Recommended introduction: This is a summary of the roundtable discussion at TOKEN2049 titled "The Virality of Value: Memecoins in the Attention Economy," featuring two guest perspectives.

Summary:

1. Meme tokens primarily focus on four key attributes: relatability, distribution, virality, and scalability.

2. The core focus of this cycle is consumer adoption and consumer applications.

3. From a macro perspective, this cycle is still closely related to meme coins, while smart money will gradually flow into infrastructure projects, DeFi, and other areas.

4. Cryptocurrencies are gradually entering the retail market, and simple token integration is no longer sufficient to attract users.

Solana Breakpoint 2024: The Secrets of Solana

This is a highly regarded event during TOKEN 2049 WEEK, known for its intensive speeches and high output, rivaling the main venue. More importantly, the conference revealed many wealth codes surrounding the Solana ecosystem.

Solana Breakpoint Review: Highlights of Ecological Trends

Keywords: Major announcements, partnership announcements, releases

Recommended introduction: This article is a must-read if you want to know what was said about project dynamics in the Solana ecosystem at Solana Breakpoint 2024. Many news items were not released on the project's official social media before the event, making it exclusive and firsthand information. Its importance may impact your wallet.

Mining the Solana Ecosystem: 15 Major Potential Benefits Not to Miss at Breakpoint

Keywords: Jupiter (JUP), Solayer, Birdeye

Recommended introduction: A compilation of content more closely related to the secondary market, especially focusing on token airdrop information.

New Solana Mobile Seeker Unveiled: Can It Break Even with Airdrops?

Keywords: Seeker, Saga, second generation

Recommended introduction: Information about the second-generation Seeker from Saga.

Summary: Solana Labs' Solana Mobile has officially announced the new web3 smartphone Seeker, which is the second-generation web3 smartphone device developed by the company following the first-generation web3 phone Saga. Earlier this year, Seeker began pre-sales under the codename "Chapter 2," with official announcements indicating over 140,000 units sold in pre-sales.

TOKEN2049 Emotional Short Essays

Emotions are an important component of the market and are highly correlated with trading enthusiasm. The following articles are more narrative and experiential.

Feelings from Attending Singapore Crypto Week: Old Narratives Ignored, Consumer Applications Highly Anticipated, Super Individuals Desired by All

Keywords: Business

Recommended: Well-known KOL @starzq attended multiple sessions and summarized from personal experience, with very relatable content.

Summary:

1. Interesting degree ranking: Network State Conference > Breakpoint > Token 2049

2. At Token 2049, there was a strong business atmosphere and high-level topics (of course, the invited guests were also very prominent);

3. At Solana Breakpoint, there was a vibrant atmosphere of product development, an engineer culture, and a focus on innovation in the financial industry, as well as attention to the Chinese-speaking community;

4. At the Network State Conference, I felt the most diverse group of attendees and speakers, with the most cutting-edge Network State attempts, allowing me to genuinely experience the crypto/tech community's concern for society, healthy living, and private property, as well as everyone's yearning for the state of being a "super individual who can freely live a globalized life." Even if you are not in the Crypto/Web3 circle, this part is still attractive; in fact, I saw non-Crypto people at this conference.

TOKEN2049: The Temperature Gap Widens, the Stronger Become Stronger

Keywords: Polarization, increased confidence among Chinese entrepreneurs, confusion

Recommended introduction: Foresight News author Zhou Zhou attended the event in person, sensing the market hotspots and future trends.

Summary:

1. Solana, Base, TON, and BTCFi have become the best-performing ecosystems this year.

2. Singapore's second-largest ride-hailing app TADA has been integrated into Ton, allowing many attendees to enjoy a smooth experience paying for rides with Crypto, giving us a glimpse of the dawn of mass adoption.

3. Met many entrepreneurs and investors from Korea, Japan, Singapore, and Hong Kong. These four Asian crypto ecosystems exhibit very different characteristics.

4. Investors are confused, entrepreneurs are confused, and builders and retail investors are even more confused.

Love in the Club --- Commemorating Every Day of Our Efforts

Keywords: Club, Crytoria

Recommended introduction: Ni Da @Phyrex_Ni subtly satirizes the intense business atmosphere and restless entrepreneurial spirit at the TOKEN2049 main venue—how a slacker gradually achieves class advancement through constant business networking and self-packaging. Although lacking substance, it is still interesting, and you will find the author's attitude very sincere.

Additionally, Ni Da wrote another short essay (original link here):

Core viewpoints:

• There are almost no "retail investors" participating in Token2049; those paying for tickets are often industry insiders who feel reluctant; Token2049 itself is a large social stage for projects to showcase to capital, exchanges, and KOLs, but there is no direct engagement with users.
• Token2049 feels like a shackle on the projects, yet they have to communicate with users and exchanges. Projects become the biggest "payers," but the money for projects comes from VCs.
• Accelerators and incubators, which are situated between VCs and projects, have a strong voice, especially those backed by leading public chains or ecosystems. In the near future, high-quality accelerators will produce a batch of projects that can stand out even in a liquidity-tight environment.
• The industry's losses are also something everyone tries to avoid discussing; interconnected and mutually constrained, this is the truth behind Token2049.

Director Zhao from the Jewish Community: Cycles, Dawn, and Liquidity Incompetence

Core viewpoints:

1. I've never seen European and American project parties work this hard;

2. The information gap between Europe, America, and Asia is still enormous; European and American project parties still think Asia has money;

3. The liquidity incompetence of the Asian market has made it so difficult to write short essays in the Chinese-speaking area this year; even after a busy week, attendees couldn't express any feelings because whether it’s capital, project parties, KOLs, or retail investors, they are basically out of bullets;

4. SOL's Breakpoint is the brightest side event this year.

5. If in April, Vitalik was still the "Web3 Han Xian Di," then by September, the small V selling coins and falling in love can only be the "Ethereum Zhou You Wang," shouting nonsensically to "eliminate some substandard Layer 2s," resembling a foolish monarch who loves beauty over the throne, trying to bind the chicken while wanting to cut the fief.

6. Directions I genuinely support include: DePIN projects in Consumer Electronics, CeDeFi RWA as underlying collateral for stablecoin issuance (BlackRock Buidl+USDM), all on-chain transactions + all tools that increase on-chain leverage (Perp Dex).

Shen Yu didn't write a short essay but drew a picture (original link here):

He believes the current market direction is confusing and segments the market from two dimensions: crypto native vs traditional, infrastructure vs applications. Currently, the second quadrant is very confusing, the third quadrant is shrouded in FUD, the fourth quadrant has some breakthroughs, while the first quadrant is busy enjoying the traffic dividend.

Web3event @DawnsXu : How Much Economic Benefit Will Token2049 Bring?

Summary:

1. Attendees: Official data is over 20,000 people, and the actual ticket sales are expected to be close to 15,000, with average early bird prices at $699, bringing ticket revenue close to $10 million.

2. Sponsors: Official data shows over 400 sponsors; a rough estimate suggests an average sponsorship of $50,000, leading to $20 million in sponsorship revenue.

3. Surrounding events: Official statistics show over 700 surrounding events; assuming an average cost of $20,000 per event (general scale), the investment here is also around $14 million.

4. Travel expenses: The economic benefits brought to Singapore by over 20,000 crypto practitioners are estimated to be around $60 million.

5. Additionally, there were many #meme coin activities; this time, the proportion of foreigners participating in events in Singapore has significantly increased, possibly 40% foreigners and 60% Asians.