2025-12-27 05:24:06

The game rules of the crypto market are changing. Industry insiders point out that projects like XRP and ADA that cannot demonstrate real use cases may be pushed out in the next bull and bear cycle. In simple terms, the old approach of "telling stories" to support coin prices is becoming less and less effective. Now, the market is looking at genuine profitability.

What qualifies as a high-quality project in the new era? Taking Hyperliquid as an example—by using profits to buy back and burn tokens, it effectively provides holders with returns similar to equity investments. This model is the future direction of token economics.

Even more interesting is the change in industry structure. According to this trend, in the next 1 to 3 years, wallets and exchanges will gradually evolve into roles similar to internet banks, not just as trading tools but also integrating diversified financial products such as stablecoins, tokenized stocks, and money market funds. The entire ecosystem is shifting from speculation-driven to business-driven, and this structural upgrade may reshape the entire market landscape.

XRP0,8%

ADA5,45%

HYPE-1,48%

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ForkPrince

· 12-27 05:54

The era of storytelling is over; now it's about real profits with real swords and guns. --- Hyperliquid's buyback and burn logic is truly excellent, has that flavor. --- What are XRP and ADA still bragging about? Show your performance reports and let’s talk. --- Internet banking? Do wallets and exchanges really need to compete like this? It's a bit exhausting. --- From hype to business-driven, it sounds nice, but the actual transition isn't that easy to achieve. --- Token buyback and burn models should have been popularized long ago, much better than air coins. --- Many projects will be eliminated in the next cycle, not just XRP and ADA. --- It seems everyone is right, but the projects that can actually do it are few. --- Structural upgrades? Sounds good, but in the end, it still depends on who raises more funds and has more influence. --- If profitability standards really become competitive, many projects in the crypto world will die.

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ProveMyZK

· 12-27 05:52

The era of storytelling is truly over; without real applications, it's just waiting to die. I understand Hyperliquid's buyback and burn logic now; finally, it has a bit of the flavor of equity. XRP is still blowing hot air, ADA should have reflected on itself long ago. Wallets turning into banks? If that really materializes, the days of exchanges might not be easy. Every day shouting about transformation, how many projects have actually been implemented? Profitability is the key; everything else is虚的. The next cycle will really change the game; those still hoarding garbage coins should wake up. Is it easy to replicate the Hyperliquid model? I feel like it's still just about the concept. The market shifting from hype to actual business sounds great, but what about in reality?

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DAOdreamer

· 12-27 05:50

The era of storytelling is truly over; now it's all about who can make money. If XRP and ADA still want to survive, they need to prove they have real skills. Hyperliquid's buyback and burn approach is quite interesting; it feels like they've caught something. Wallets turning into banks? Sounds crazy, but it seems to have that flavor. Another round of reshuffling is coming; it's time to wake up. From storytelling to cash flow, the market has finally matured. The crypto world is starting to get serious; projects without real returns are dead ends. Profit buybacks—finally, someone has figured it out. The entire industry is evolving; those who can't adapt will be eliminated. Profitability is the hard currency; everything else is just virtual.

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MEVHunterX

· 12-27 05:46

Basically, it's about making real money; the storytelling approach should have died long ago. XRP and ADA are still hyping? Without a product, just wait to be harvested. I need to see how Hyperliquid works; buyback and burn sounds pretty good. Wallet exchanges turning into banks? No rush on that, still waiting. The era of supporting coin prices with stories is really over; finally, someone dares to tell the truth. If the next cycle still doesn't have real applications, it's doomed. The profit buyback and burn approach is definitely more appealing than air coins. It feels like CeFi is being overshadowed by DeFi; everyone wants to wear that bank hat. Is the Hyperliquid model reliable, or is it just another wave of marketing? From hype to business-driven, how long will it take for the market to truly shift.

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CantAffordPancake

· 12-27 05:44

The era of storytelling is really coming to an end, but believe it or not Are there really that many projects that can prove themselves? Feels like all talk Hyperliquid's buyback and burn... sounds like they've just changed their marketing tactic again Wallets turning into banks? Just thinking about it feels ridiculous, can it really be achieved? XRP has been around for so many years and still talks about applications, it should have been phased out long ago Profit buybacks sound nice, but in the end, it's just the whales cutting the leeks The next cycle will depend on real ability, that's what they say, but only time will tell how it turns out Stablecoins integrating a bunch of products... the risk must have doubled too

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Layer2Observer

· 12-27 05:30

Well... the storytelling approach indeed should step out of the stage, but the problem is whether we need to look at more data for the Hyperliquid example. Buybacks and burns do not equal real profit. The judgment that wallets and exchanges have evolved into internet banks is interesting, but technically there are still a few key steps missing. The infrastructure for stablecoins is not yet mature enough. XRP being pushed out? Let's look at the on-chain activity data before drawing conclusions. From an engineering perspective, this kind of structural transformation sounds good, but how difficult it will be to implement in reality, we actually don't know yet.

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