The DeSci Wave: The Rise and Challenges of On-Chain Research

Recently, decentralized science (DeSci) has become one of the hottest topics in the crypto market. This concept aims to use Web3 technology to establish public infrastructure for the open funding, storage, and dissemination of scientific knowledge. DeSci encourages researchers to share their results and gain recognition, while also allowing ordinary people to easily participate in the research process.

The rise of this round of DeSci craze stems from a series of high-profile events. A well-known trading platform's investment in the BIO Protocol, along with industry leaders' joint appearances at DeSci-related events, has pushed this field to the forefront. Subsequently, projects like Pump.Science quickly became popular, with some tokens even achieving astonishing thousand-fold increases.

However, the development of DeSci faces many challenges. There is a clear contradiction between the long-term nature of scientific research and the short-term speculative nature of the crypto market. Fields such as drug development often require decades of continuous investment, while the attention cycle of the crypto market is relatively brief. In addition, the closed nature of the traditional research system conflicts with the open and transparent philosophy of blockchain.

Nevertheless, DeSci still has unique advantages in the MEME field. Unlike other purely meme tokens, the DeSci projects are backed by actual scientific research, providing a solid foundation. The open attitude towards financing in emerging fields such as biomedicine also creates opportunities for the development of DeSci.

From a broader market perspective, MEME has become one of the main carriers of capital. Unlike the traditional bull market transmission path, the current market exhibits new characteristics of capital flow. Institutional funds are pouring into the Bitcoin ecosystem, while the public chain ecosystem lacks strong application support, leading to a supply-demand structural crisis for altcoins. Against this backdrop, MEME stands out due to its rapid entry and exit and concentrated wealth effect.

However, the MEME market also carries significant risks. Data shows that only a very small number of MEME projects can achieve a considerable market value. For individual investors, figuring out how to survive in this market filled with opportunities and risks will be the most crucial challenge.

In the future, the combination of MEME and traditional projects may become a new development direction. This combination is expected to provide more substantive content to the projects while maintaining the flexibility of MEME. However, in the ever-changing cryptocurrency market, staying rational and cautious is always indispensable.