The name "cryptocurrency" already implies very precisely that whoever can become "currency" through encryption has the opportunity to reach version T0.

In the DeFi summer of 2021, ETH was able to rise mainly because it was used by everyone for various LPs; it was currency.

In the meme wave of 2024, SOL was able to rise mainly because it was used by everyone as the benchmark for exchanging memes; it was currency.

Looking back to the ICO frenzy of 2017-2018, ETH was able to rise because ICOs required investment in ETH as a currency, which is a similar concept. Recently, however, ETH can only be used for re-re-re-staking, which is clearly an asset attribute, not currency, and naturally, it has lost momentum.

As Benson mentioned, Polymarket does not use Polygon as currency. Therefore, Polygon cannot capture "great value" relying solely on those transaction fees.

After a long period of internal competition, the transaction fees of chains have gradually become lower and lower. Essentially, everyone is eager to sacrifice small value for the possibility of becoming currency, thereby achieving "great value."

But this path is destined to be one where many will succeed while countless others will fall.

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