Tiger Research emphasizes the importance of realism for cryptocurrency projects to survive the ongoing market downturn. The report identifies that projects addressing real-world problems, such as Hyperliquid, Canton Network, and Kite AI, demonstrate resilience by providing practical solutions rather than abstract narratives. Hyperliquid, for instance, offers a decentralized exchange with features akin to centralized platforms, addressing dissatisfaction with traditional exchanges. Canton Network focuses on institutional finance, providing privacy and regulatory compliance through its blockchain infrastructure. Meanwhile, Kite AI is developing payment systems for a future AI-driven economy, despite its current limited applications. The report suggests evaluating projects based on their problem-solving capabilities, solution structure, and team execution potential. As the market remains challenging, Tiger Research asserts that realism and practical feasibility are crucial for long-term success.