layer3

Lao Bai, takes a look at the current state of the market from an Eastern and Western VC primary perspective, pointing out the conservative investment model and lack of appetite for expression in the current market. he observes that his Asian counterparts are generally in a state of pause, with the pace of investing slowing down, and the market feeling bored. the article mentions that the decadence of the secondary market is affecting the mood of the primary market, and also worries about whether it has already entered the stage of low-hanging fruits. the article concludes by sharing a case study on the oversubscription of a Defi project fundraising, which reflects the enthusiasm of Western VCs for the market.