The end of a Bear Market often hides some interesting signals. Recently, I noticed a few distinctly different projects suddenly entering a "high-frequency update" state, with actions that are unusually dense.



Let me start with an ongoing event - Buzzdrop organized by ChainGPT, which was originally planned to wrap up but has now been extended to November 27. The prize pool is set at $300,000. Given the scale and the length of this extension, it somewhat reflects their expectations for participation.

What is even more worth pondering is the on-chain data. Their MNS (the domain name system) has already exceeded 1.5 in minting volume on Avalanche—the subsequent digits are truncated, but this growth rate itself indicates an issue. Identity layer infrastructure is quietly accumulating users during the Bear Market, and this kind of patient layout is often more solid than calls during a bull market.

If you are looking for growth clues in the latter half of the Bear Market, the trends of these "quietly working" projects may be more valuable than the hot search rankings.
CGPT-1,44%
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