$INTEROP - Interoperability infrastructure is becoming the default requirement for all crypto companies, with multichain connectivity being essential for RWA distribution and enterprise adoption.
$RWA - Real world asset tokenization is entering a major growth phase with institutions like JPMorgan issuing trillions in tokenized assets, though distribution remains a key challenge to solve.
$HOOD - Robinhood is building its own blockchain infrastructure to issue assets, positioning itself as a key player in the multichain tokenization ecosystem.
$INFRA - Crypto infrastructure companies with strong moats in data, distribution and network effects are positioned to dominate as fragmentation increases exponentially.
Bearish:
$DEFI - The DeFi era is ending with consolidation, dried up early-stage funding, and declining belief in protocols as institutions build isolated environments.
$DEX - DEX aggregators face commoditization with performance differences narrowing and no clear winner despite all claiming superiority.