Author: Biteye Community Core Contributor Viee
This year’s TOKEN 2049 conference has just concluded in Singapore, with significantly higher popularity than in previous years, becoming a major event in the global crypto industry. The conference attracted over 20,000 participants from more than 150 countries and featured hundreds of seminars, making it an unprecedented success.
This article, based on the latest statistical analysis of Twitter discussions during TOKEN 2049 by Biteye using the Web3 AI research tool Cryptohunt.AI, provides a panoramic view of the industry’s pulse by analyzing the popular topics and related sentiments.
Please refer to the Cryptohunt official website for the data:
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Solana: Riding the wave, highest popularity
During TOKEN 2049, discussions about Solana online and offline almost surpassed BTC and ETH, making it the hottest topic.
Despite facing some challenges in the past, the Solana community has become more resilient. Many new developers are joining and creating more interesting projects such as Backpack, Cubexch, and FlashTrade.
In recent months, Solana has also launched the Seeker phone, a device that integrates Web3 features to enhance user experience and promote the use of cryptocurrencies.
There are also discussions about the gradual saturation of the Solana ecosystem, which may lead to some technical shifts and overflow of traffic. For example, some developers are considering migrating their projects to other blockchains like Sui and Aptos because the similarity between Move language and Rust makes such migration relatively easy.
We can see that Sui has recently gained momentum with a significant increase in coin price. Whether it will become the next Solana still requires further observation.
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ETH: Veteran public chain, still shining
Ethereum’s attention at TOKEN 2049 is at least partially due to Vitalik’s speech.
As the founder of Ethereum, Vitalik emphasized in his speech that the goal for Ethereum in the next decade is to achieve mainstream adoption while maintaining the values of openness and decentralization.
He mentioned that the main reasons for the past failures of crypto payments were transaction fees and user experience issues. However, it is expected that these issues will be significantly improved in the next two years, including reducing transaction fees, shortening confirmation times, and enhancing user experience.
Despite Vitalik’s hopeful speech, many people have expressed certain doubts about the performance of the Ethereum ecosystem. For example, Ethereum is facing application bottlenecks in the current market, and its liquidity and user attention are becoming more fragmented, making the entire ecosystem appear somewhat fragmented.
As well-known, emerging public chains like Solana are actively challenging Ethereum’s position. As a veteran public chain, how Ethereum maintains its important position in the face of new challenges is also a direction worth paying attention to in the future.
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AI: New track, new opportunities
During TOKEN 2049, AI ranked among the top three in terms of discussion heat. Most people hold an optimistic attitude towards the combination of AI and cryptocurrencies, generally believing that the combination of AI and blockchain will drive industry innovation and transformation.
For example, Michael Heinrich, CEO of 0G Labs, emphasized that the potential risks of centralized AI systems have prompted people to seek decentralized governance through blockchain technology to enhance transparency and accountability.
In the future, uncontrolled AI agents may pose a threat to society, so the integration of AI and blockchain is particularly important.
In terms of market performance, some AI-related tokens such as Near Protocol, FET, and Render have performed exceptionally well, clearly outperforming the overall cryptocurrency market.
In the past 30 days, the market capitalization of AI-related cryptocurrencies has grown by 23%, from $27 billion to $33 billion. Especially for top-ranked AI tokens like TAO, they have risen by 50% in the past four weeks.
Investors’ confidence in the AI field is recovering, and more and more funds are flowing into this emerging field.
However, most AI projects are still immature and even regarded as “gimmicks.” Many projects are still in the experimental stage and lack mature business models and practical applications. There is uncertainty in achieving large-scale applications in the short term, so caution is still needed.
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TON: A rising star ready to shine
The TON ecosystem has developed rapidly in the past year, covering multiple areas such as finance, storage, and payments. The emergence of various emerging projects like PunkCity and HyperGPT showcases the diversity and innovation of TON.
During TOKEN 2049, the integration of TON with the TADA taxi service became a highlight. TADA is the second-largest ride-hailing app in Singapore and launched the mini-program “TADA mimi” integrated with TON cryptocurrency on the Telegram platform. Users can directly use TON to pay for their rides.
This innovation allowed many Web3 practitioners to experience the convenience of conducting real-world transactions with cryptocurrencies and generated high discussion heat.
The market’s biggest focus on TON lies in its user traffic potential. With Telegram’s massive user base of about 900 million users, TON is seen as a strong competitor in the L1 field.
This user base provides unique advantages for the widespread application of TON and even the possibility of achieving true mass adoption based on this foundation.
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MEME: Constant craze, “hot chicken”
In this cycle, the “condemnation” of meme coins in the market has never diminished. Despite the poor performance of many traditional value coins, meme coins have stood out in the market, making traditional value investment concepts somewhat ironic.
Andrei Grachev, co-founder of DWF, posted a photo of his TOKEN 2049 speech on social media, which included the BILLY Logo of the Solana ecosystem meme coin, with the caption “Reveal some Alpha.” This implied important information or upcoming dynamics related to BILLY, triggering discussions within the industry.
During TOKEN 2049, some voices believed that meme coins and their related infrastructure might generate actual revenue