According to @CryptoMichNL, MN Capital released a 2026 thesis that highlights next‑wave DeFi, on‑chain AI, and DePIN as the core opportunity set for the year, indicating where the firm sees the most compelling fundamentals and user adoption potential. Source: @CryptoMichNL on X Jan 15 2026 and MN Capital Medium medium.com/@mncapital/opportunities-for-2026-064262d2c62f. MN Capital states 2026 will be the year fundamentals translate into real adoption, framing these three sectors as primary focus areas for its venture allocation and research. Source: MN Capital Medium medium.com/@mncapital/opportunities-for-2026-064262d2c62f. For trading alignment, this thesis identifies DeFi, on‑chain AI, and DePIN as thematic exposures prioritized by MN Capital, which can guide sector screening and narrative tracking through 2026. Source: @CryptoMichNL on X Jan 15 2026 and MN Capital Medium medium.com/@mncapital/opportunities-for-2026-064262d2c62f.