The market is boring, so let's take a brief look. #25.6.8 1、PayFi The previous tweet said that $TRX is the real PayFi narrative leader. There is no doubt about it. I was naïve enough to think that Solana and ETH Layer2 are fast and have lower fees, so it is possible to steal market share from Tron. But after reading a series of materials, I realised that the basic market of Tron lies in the adoption of USDT by grey industry addresses. It is difficult for other public chains to eat this cake - one is that Tron is very stable, and the other is the inertia of users. There may only be $TON as a threat to it at the moment, but it's barely meaningful. $TRX also has a USD1 narrative, though it's unclear when USD1 will be deployed on Tron. The two tickers involved here are $TRX and $JST. 2. Twitter narrative The origin was that after seeing Twitter's partnership with Polymarket, I wondered if there would be a lot of hype around the concept in the future – that is, projects that could work with Twitter, or that could use the Twitter API. I think the odds are quite high. The narrative upswing may come after the deep integration of Polymarket's products with Twitter's products. It may be a long time before the hype is concrete. 3. There are no new ideas for AI &Robot and RWA narratives, if you have ideas, you can update them.