In a bull market, everyone only cares about the increase.
In a bear market, everyone starts to care about the rules.
The most obvious change in the market recently is not the price, but an emotion - no longer easily believing in 'results'.
A screenshot of profits is no longer persuasive.
An exchange announcement is no longer assumed to be true.
A strategy backtest is no longer automatically credible.
I increasingly feel a turning point:
Web3 is transitioning from 'narrative-driven' to 'evidence-driven'.
If the early cryptocurrency market sold stories, then the next phase sells verifiability.
This is also why I am re-evaluating ZEROBASE.
It's not a privacy tool, but a 'trusted computing interface'
Many people understand it as a ZK project.
But I prefer to understand it as — the interface layer for trusted computing.
What does it mean?
In the traditional financial world, trust comes from institutional brands.
In the Web3 world, trust comes from on-chain records.
But there is a real problem on the chain:
It's too slow, too expensive, and too public.
So a large number of key computations are placed off-chain.
The question arises — what guarantees the correctness of off-chain?
If it still relies on a certain entity's declaration, then it's just a repackaging of trust.
The value of ZEROBASE lies in its attempt to turn 'off-chain execution' into 'on-chain verifiable results.'
This is not a narrative of privacy; it is a transformation of trust structures.
The real barrier is 'proof production capacity'
Many projects emphasize advanced algorithms.
But in infrastructure competition, the real moat is production capacity.
Public data shows that the ZEROBASE Proving Network has cumulatively generated over 7 million ZK proofs.
This number means two things to me:
First, it has experienced real task pressure.
Second, it is already solving engineering problems, not theoretical problems.
Cryptography is not difficult,
what's difficult is the scalable delivery.
When verification changes from a one-time experiment to continuous supply,
it qualifies to be called infrastructure.
Why does the market need such a thing?
Because the market is being institutionalized.
Compliance requirements are becoming increasingly detailed,
Risk control processes are becoming increasingly transparent,
Audit standards are becoming increasingly high.
Future competition will no longer just be about yield,
but rather 'can you prove that the yield is generated according to the rules.'
This is why I judge that verifiable computing will become a necessity.
It may not have explosive growth,
but it will slowly penetrate every scenario that requires compliance and transparency.
Regarding tokens, my view is simpler
$ZBT maximum supply is 1 billion, with approximately 220 million in circulation.
I won't treat it as an emotional chip,
I prefer to understand it as — the fuel for proving the network.
If proof of demand increases,
the network will need more incentives to maintain node operation.
Its value logic is not in hot topic rotation,
but in verifying whether the demand exists continuously.
The market is entering a stage:
Storytelling projects will become increasingly difficult,
Projects that can submit 'proof' will become increasingly scarce.
ZEROBASE is not necessarily a trendy asset,
but it stands in the direction of long-term structural change—
When everyone starts to doubt the results,
verifiable processes will become the new standard.
And the network that can turn 'verification' into a service,
is truly qualified to become infrastructure.