#铭文协议热潮 This new wave of inscription protocol makes me think of the BTC inscriptions from back in the day. It seems like a new thing, but it's actually the same old routine. $PING Although it has risen 8 times in a single day, the underlying operational logic is just like before - on-chain legitimate data combined with off-chain interpretative rights. On the surface, it appears to be transferring USDC on the Base chain, but in reality, it completely relies on the centralized indexer x402scan to determine the validity of transactions.

This way of playing can certainly create hotspots quickly, but the risks are also significant. Assets are held by centralized entities, which goes against the original intention of the x402 protocol. Moreover, without a unified standard, there is a high possibility that various "more orthodox" new versions will emerge later, and there is even a risk of teams running away.

We, the old leeks who have experienced multiple rounds of bull and bear markets, can no longer be fooled. Excitement can be gathered, but we must remain vigilant and recognize the essence. Rather than risking chasing highs, it is better to patiently wait for more mature projects to emerge. After all, in this circle, living longer is more important than earning more.