2026-01-02 06:23:23

In the crypto payments and wallet sector, many projects habitually stack surface-level yields like APY and cashback, which seem attractive but are actually prone to homogeneous competition. Interestingly, some projects are also discussing these incentive mechanisms, but their focus is clearly different—they are putting real effort into innovating the underlying architecture.

This is the key difference. Anyone can create superficial articles, but only projects that design payment experience, security models, and asset circulation logic in a more elegant and efficient way can establish a foothold in long-term competition. From this perspective, many projects are still using old approaches, while a few players have already begun to rethink the fundamental logic of the entire system.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
5
Repost
Share

Comment

0/400

GasFeeDodger

· 8h ago

Well said. The APY stacking approach has long been outdated. It's ridiculous that some projects are still sticking to it. The underlying architecture is the key. Only projects that can make the payment experience seamless are worth paying attention to. Most projects are just hype, with few truly thinking things through. This round, the gap will be determined by who can thoroughly understand the system logic.

View OriginalReply0

BuyHighSellLow

· 8h ago

Stacking APY is outdated; the real difference lies in the underlying technology. The author is right. --- Exactly, projects still playing the incentive game have little future. --- Architectural design is the core competitiveness; everything else is superficial. --- A few players are already ahead, while most are still stagnating—it's really not interesting. --- Projects that focus on improving payment experience and security are indeed rare; most are just copy-pasting. --- The market is too homogenized, and I'm tired of all the various APY gimmicks. --- Projects that can't reconstruct their underlying logic will eventually be phased out.

View OriginalReply0

Token_Sherpa

· 8h ago

yeah this is the reality check most won't admit—throwing apy numbers at the wall hoping something sticks. token velocity trap dressed up as "sustainable tokenomics." actual infrastructure wins compound over time, ponzinomics doesn't. the ones bootstrapping real payment rails vs. those chasing yield farming clones... night and day difference tbh

Reply0

ContractHunter

· 8h ago

That's right. Nowadays, wallet projects are all about stacking APY, and everyone is competing on yields. Little do they realize that without infrastructure, it's just an empty shell. The core logic is the key. If security and transfer efficiency are well-managed, users will naturally come.

View OriginalReply0

TestnetScholar

· 9h ago

That's right, right now, focusing solely on APY is really pointless. The underlying logic is the moat, and those who build the architecture are the ones with a future.

View OriginalReply0