Who will ignite the next bull market? An in-depth look at three key crypto narrative indicators and leading projects

DeFi, DeFAI, and DeSci are identified as the three most influential narratives in the crypto market, with potential to drive the next bull run.
The analysis focuses on mind share, market sentiment, smart followers, top performers, mindshare/FDV, and funding rates to gauge trends.

DeFAI Highlights

Mind Share: $GRIFT dominates (86.84%) due to high Twitter activity, though some view it as scam-related.
Market Sentiment: $ANON shows the most bullish sentiment.
Smart Followers: $LMT leads, followed by $GRIFT and $ANON.
Top Performers: Lists top projects over 7 days and 24 hours (images referenced).
Funding Rate: Bulls are actively adding funds to perpetual contracts.

DeFi Highlights

Mind Share: $LINK and $MNT lead (14.26% each), with $AAVE and $PENDLE also significant.
Market Sentiment: $MNT has the strongest bullish outlook.
Smart Followers: $UNIT tops the list.
Top Performers: Performance charts for 7-day and 24-hour spans (images referenced).
Funding Rate: Retail investors are driving $LINK’s upward momentum.

DeSci Highlights

Mind Share: $BIO leads (37.5%), followed by $CRYO, $RIF, $RSC, $URO, and $YNE.
Market Sentiment: $URO exhibits the strongest bullish sentiment.
Smart Followers: $CRYO has the highest ratio.
Top Performers: Performance data for 7-day and 24-hour periods (images referenced).
Mindshare/FDV: $URO has the highest attention relative to its valuation.

The article emphasizes tracking these narratives for profit opportunities in volatile markets.

Author: hoeem (abridged)

Compiled by Tim, PANews

DeFi, DeFAI, and DeSci are the three most powerful narratives in the crypto space today. Failure to continuously track their mind share, price trends, KOL opinions, and catalysts is tantamount to wasting huge profit opportunities in a volatile market.

I will outline these narratives one by one according to the following structure:

Mind share: used to find the most popular items
Market sentiment: everyone is optimistic about the project
Smart Followers: Understanding What Top Accounts Are Following
Top Performers: Find the fastest-growing projects in this story over the past 7 days and 24 hours.
Mindshare/FDV: Exploring the relationship between attention and valuation
Funding Rate: See if long or short positions are overly enthusiastic

DeFAI Narrative Overview

1. Mind Share

$GRIFT — 86.84% (mainly due to the high frequency of this term on crypto Twitter, personal opinion only)
$GRIFFAIN—13.16%

2. Market sentiment

$ANON has the best market sentiment

3. Smart Followers

$LMT leads the list, followed closely by $GRIFT and $ANON

4. Top Performers

Past 7 days

Past 24 hours

5. Mindshare/FDV

I removed GRIFT because its community interest mainly came from people exposing scams on their timelines. The adjusted chart more accurately reflects the actual mindshare of the token compared to FDV: