In the world of Web3, we often see new projects emerging that seem poised to replace their already famous predecessors. However, this does not mean that new projects will necessarily replace old ones; rather, it showcases the vitality and innovative spirit of this field.

The emergence of projects such as PLUME, ATH, PYTH, SEI, AERO, INJ, and MORPHO provides us with new investment and participation opportunities. Although these projects may share similarities with predecessors like ONDO, RENDER, LINK, SUI, UNI, HYPE, and AAVE in certain aspects, each of them has its own unique value propositions and functionalities.

The Web3 ecosystem has repeatedly demonstrated its inclusivity and the possibility of coexistence. Different projects are not a zero-sum game, but can find their respective positions and audiences in this vast space.

In a bull market, the flow of funds often blurs the lines between projects, allowing many projects to gain attention and support. Therefore, it is important for investors to understand the positioning and core value of each project within the entire ecosystem, rather than getting overly caught up in comparisons between projects.

Ultimately, the market will balance the development of various projects through the natural rotation of capital. As participants, we need to maintain an open mindset, focusing on the substantive progress and long-term value of projects, rather than short-term market fluctuations.

The future of Web3 is full of possibilities, and the coexistence and competition between new and old projects will continue to drive the industry forward. The key is to remain vigilant, gain a deep understanding of the essence of the projects, and make wise choices in this opportunity-filled market.