Recent governance voting records are becoming more and more boring: a bunch of addresses claiming to be "communities," but through layers of delegation, in the end, it's still a few big wallets that make the decisions. Who exactly does governance tokens govern? Frankly, it’s like outsourcing decision-making to "seemingly professional people," and ordinary people voting or not doesn’t make much difference, at most it’s just a way to boost participation rates for oligarchs.

What I care more about are those rhythms of batch transfers, route changes, and flowing back into exchanges—claiming decentralization while positions are always ready to be withdrawn... Anyway, it’s quite realistic. Recently, social mining and fan tokens have become popular, with the idea that "attention is mining." My partner complains: you swipe your phone all night and don’t even earn enough to pay the electricity bill, but you end up enriching others’ governance rights. Sigh, for now, just keep an eye on the inflows and outflows on-chain; at least the numbers don’t lie.