I started to dig deeper these last few months as to what's different about this bull run compared to others. I think I have that nailed down and why people are a little confused as to what might be happening lately especially here on the Hive Blockchain.

The Landscape

At the moment there are many crypto tokens and they all specialize in certain things. While you have your cores like Bitcoin and Ethereum they can't do it all and thus layer 2 tokens and other layer one, layer 2 and even layer 3 tokens were born.

From that we have have DEX, NFTs, Marketplaces, Gaming, RWA (real world assets ), meme coins and so much more. It only continues to expand.

Through all of that you now have only a few core blockchains that actully produce anything. This is a direct result of competition and just far too many options for people to choose from. As more tokens come online there's less and less money to be spread around across all of them which leads to two things happening.

One a stagnation where the tokens just don't seem to move anymore and actully can decrease in value because more is being printed then the rate of money going into the token.

The second some of these blockchains die and are replaced or consolidated into other blockchains. This is most likely the direction we are headed in right now and why it feels like some blockchains (Like hive) are starting to be left behind.

The Beauty Of It All

I think what we might see this time around are possible take overs. In which a project might be sound but lack in liquidity, marketing or any other of the many things holding it back. These games etc are essentially company's and being that they can be taken over.

That take over can either be a good or a bad thing depending on the person or entities taking over the project.

Normally what we have seen in the past are a hoard of new tokens and blockchains to hit the markets during the bull run. However the platforms really over saturated to be honest at the moment and there's not all too much room for yet another major layer two unless it sparks into AI etc.

This time around though I believe we will see communities scooped up and what's really cool about this is it's possible asset holders in these games and via DAO votes could actully take over these platforms themselves.

This could spark a huge revolution of positive growth as some of the lesser known indie projects often do far better than main stream games. This could also start to apply to web3 gaming which is only starting to warm up again but is expected to grow into a 100 billion dollar industry this year.

The other aspect of all of this is there's no real regulation in place of this. That means companies could take over others pretty easily. On top of that there's also a pretty big complexity to the matter in the way smart contracts and tokenization have been built around these what I would call micro communities.

What are you thoughts?

Will we see a bunch of new blockchains and tokens this bull run or will it come down to larger blockchain taken over smaller ones?

Posted Using InLeo Alpha