2026-01-18 13:25:57

Most people focus on chain-to-chain rivalries. But the real game? It's about who cracks the user acquisition code first. That's where the actual competitive edge lives—whoever figures out how to bring in users at scale without bleeding capital will own the ecosystem. Acquisition costs aren't just a metric; they're the moat that determines winners and losers in this space.

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BearMarketGardener

· 01-20 09:34

That's right, the competition between chains is fierce, but it's mostly superficial. The real killer move is how to acquire new users cheaply on a large scale—that's the true moat.

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GateUser-bd883c58

· 01-18 13:56

To be honest, those still arguing over which chain is more powerful have already been eliminated. The real winners have long shifted their focus to user acquisition costs. Whoever can bring in the most users with the least amount of money is the boss.

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SchroedingerGas

· 01-18 13:55

That's right, the chain war has long been settled; now it's all about who can cheaply attract users. But I think what's even harder is retaining them. If customer acquisition costs are low but user retention is at the bottom, what's the point...

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SchrödingersNode

· 01-18 13:43

That's true, but the problem is that most projects don't even understand basic operations and are still trying to overtake on the bend.

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MetaMuskRat

· 01-18 13:37

Honestly, what's being hyped up now about competition between chains is missing the point entirely. The real brutal reality is the ability to acquire new users—this is the true moat.

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