The Rise of Meme Coins: Catalysts for Accelerating Industry Maturity

Recently, there have been opinions that Meme coins have ruined this round of the cryptocurrency cycle, but in reality, the emergence of Meme coins has instead accelerated the maturity of the industry. Although the technological narrative and long-termism have been highly valued for a long time, we still need to objectively assess the impact brought by Meme coins:

1. The market focus has shifted from "technology is king" to "attention is king." Meme coins intuitively reflect this change, as most technology projects take years to realize their roadmaps, while the market has lost patience. This has given Meme coins the opportunity to attract liquidity through short-term wealth effects.

2. Meme coin drives technological projects to innovate themselves. The previous model that relied on financing valuations and technical packaging is no longer effective. Technological projects are forced to return to substantial delivery, as investors have already experienced the direct wealth effect brought by Meme coins and are no longer willing to accept projects that cannot fulfill their promises for a long time.

3. Expand market boundaries and user base. Technical projects often attract only elite groups, while mass adoption requires simple and understandable interaction methods. Meme coins attract a large number of ordinary users, some of whom will inevitably engage in deeper ecological exploration, bringing new user groups to technical projects and addressing the long-standing issue of "no one using it."

4. The market vitality brought by the Meme craze will benefit the entire crypto ecosystem. When Meme coins can no longer sustain the wealth effect, investors will naturally look for more stable investment targets. At that time, those technology projects that truly solve practical problems, establish user stickiness, and have clear business models will undergo valuation reconstruction, completing the transformation from concept to value.

5. Meme coins have reshaped the structure of the cryptocurrency market. They have broken the previous "high valuation, low circulation" model dominated by venture capital, which left almost no room for ordinary investors to profit. In contrast, Meme coins, with their transparency, simplicity, and equal participation characteristics, have reinvigorated the market, returning it to a fairer and more transparent competitive environment.

Overall, the rise of Meme coins has not destroyed this cycle; rather, it has acted as a catalyst, pushing the entire industry towards a more mature and healthier direction. It has forced technological projects to improve, expanded the user base, reshaped market structures, and laid the groundwork for the next stage of development.