The ICOs that emerged in 2016-17 DeFi that appeared in 2020-21 NFTs that showed up in 2021 Inscriptions popping up in 2023 And the SOL meme (pump mode) in 2023-24 During the 2018-19 bear market, there were IEOs and EOS on-chain casinos and the like. In 2022, we had the aftermath of DeFi 2.0 and the first generation of on-chain perps. In crypto, new opportunities keep emerging. Based on this pattern, it seems like 2026 will be a quiet year, and by 2027, a new track will kick off again.