Discussion on the Relationship between DeSci and MeMe Coin: Innovation or Bubble?

Recently, the intersection of the decentralized science (DeSci) field and the cryptocurrency market has sparked widespread discussion. From the emergence of some new projects to the innovative attempts of established DeSci platforms, market attention to this field continues to rise. Some believe that DeSci in 2024 might replicate the brilliance of DeFi in 2019.

However, behind this optimistic prediction lies many issues. First of all, does MeMe coin really need positive externalities like DeSci? Some analyses suggest that MeMe coin is essentially a modern lottery, primarily attracting young people who hope to get rich quickly. Bestowing it with excessive social value may mislead investors who are unaware of the situation, ultimately benefiting only speculators.

From another perspective, MeMe coin trading, as a manifestation of attention economy, indeed requires strong narrative support. In this regard, DeSci provides quite an appealing story background that can effectively stimulate market interest.

For DeSci, the market attention brought by MeMe coin is undoubtedly beneficial. Although some well-known institutions and individuals have expressed support for DeSci, this field is still regarded as niche and struggles to attract mainstream funding. The popularity of MeMe coin may provide more opportunities for exposure and capital inflow for DeSci.

As for whether DeSci can become a disruptive innovation like DeFi, there is still uncertainty. Scientific research not only involves the exploration of truth but also concerns power structures and academic traditions. DeSci attempts to challenge the existing scientific research system by introducing new organizational forms, fundraising models, and collaborative methods, which is undoubtedly an innovative attempt.

However, compared to DeFi, DeSci lacks high financial characteristics and composability. It is difficult to quickly create a large number of new assets through leverage effect like DeFi. This means that the development path of DeSci may be more tortuous and slower.

Overall, the combination of DeSci and MeMe coin brings both opportunities and risks. It may inject new vitality and funding into the research field, but it could also trigger speculative bubbles. The future development direction will depend on how participants balance innovation and responsibility, as well as how the market rationally views this emerging field.