ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong posted on X that the market may shift to favor crypto projects that have demonstrated their product-market fit (PMF) and resilience across multiple market cycles.These projects may be re-rated to a higher market capitalization, while those with low circulation and high market cap (FDV), which have been continuously hyped, will see little effect.Some of these companies are undervalued and have even become more dominant over the past few years. Ultimately, their price-to-earnings ratio will no longer be below 20 times.

ChainCatcher news, Binance Labs published a blog titled "Five Key Points: Finding Product-Market Fit," outlining five points they believe are important for Web3 startups, including:User-Centric Development: First, identify a specific user group within the Web3 space. Understand their pain points, motivations, and behaviors to lay the foundation for developing products that resonate deeply with their needs.Iterative Evolution: Embrace an iterative development process. Build, test, and gather feedback from the identified user group. User feedback is a goldmine—leverage it to refine and optimize your product.Focus on Community Engagement: Prioritize building and interacting with your community from the early stages. Your community plays a crucial role in driving adoption, participation, and governance, providing measurable insights for organic growth.Leverage Network Effects: Utilize the network effects of Web3 technologies to expand your ecosystem and create compelling experiences for users. Interconnectivity and collaboration are at the heart of the Web3 spirit.Sustainable Growth: While growth is important, focus on sustainable growth driven by user satisfaction. This ensures that your Web3 startup maintains user-centric quality while scaling.