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I have been thinking recently that the path of making money through DeFi and Arbitrage in 2025 may not be very viable.
As an annual review, here are a few phenomena I have recently observed:
Let's talk about stablecoins first. I warned about the risks on October 11th last year—those unknown niche stablecoins really need to be approached with caution. There have already been quite a few cases of peg breaking risks, liquidity exhaustion, and team exit among the various stablecoin projects on the market. Looking back at this point in time, my judgment back then was still correct.
Market conditions are changing, and the strategies must change accordingly. Relying solely on the small profits from protocol Arbitrage may not be enough to meet expectations for next year.