A growing market narrative points to a clear shift toward on-chain trading activity regardless of near-term moves in Bitcoin and major tokens. The view centers on social trading apps such as Fomo and Pump, which are seen as expanding crypto’s total addressable market by making onboarding easier through visible, verifiable trading results. The thesis also highlights rising retail appetite for highly speculative trading, particularly among younger users. Under this view, on-chain trading could continue to grow and increasingly decouple from the broader market, while still tending to outperform during Bitcoin rallies and periods of upward volatility.