Ignas: Less than 20 Quality Tokens Available, Anticipating Polymarket's TGE Launch

DeFi researcher Ignas stated on platform X that there are currently only about 20 quality tokens in the market with strong income support, with holders earning over $50,000 daily. This may lead to funds and market attention being concentrated on a few projects, hence the expectation for more real income projects to launch token generation events (TGE), hoping that Polymarket will also adopt the TGE model. Ignas added that considering valuation, token unlocks, and income sustainability, the number of selectable targets will further decrease. Some tokens may seem attractive, but their market cap to fully diluted valuation (MC/FDV) ratio is not ideal, requiring a bet that the demand growth rate exceeds the supply growth brought by token unlocks, making some tokens more suitable for trading rather than long-term holding. He believes that investors are still trading narratives and market sentiment, needing to trust that project teams can deliver on their promises. Recently, several DAOs have dissolved, indicating that decentralized accountability mechanisms are insufficient.

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