In the field of encryption currency, the market environment in 2023 has undergone significant changes compared to 2021. Many investors may feel that this year's bull run seems less profitable than in previous years. This feeling is not without foundation.

According to the latest Web3 financing report, although the total amount of financing in the second quarter ranked as the second highest in history, the actual number of financed projects has significantly decreased. This indicates that the average funding received by each project has increased significantly, reflecting that capital is concentrating on a few projects.

This phenomenon indicates that an increasing amount of large capital is entering the encryption market. It is worth noting that this capital usually tends to avoid drastic market fluctuations, as volatility often signifies an increase in uncertainty and risk.

Overall, the encryption market in 2023 still shows a positive trend, with good liquidity of funds. However, due to the more concentrated flow of funds, retail investors may find it more challenging to profit.

In this market environment, choosing the right investment strategy and information sources becomes particularly important. Investors need to be more cautious in evaluating each investment opportunity and gain a deep understanding of the project's background and development potential. At the same time, continuously paying attention to market dynamics, such as the developments of projects like KERNEL and OGN, is also a wise move.

Despite the increasingly complex market environment, the encryption market in 2023 still holds opportunities for those investors willing to learn and adapt to new conditions. The key is to remain vigilant, keep learning, and seek professional advice when necessary.