Regarding the turning point of the InfoFi era, I want to share a perspective. The information financial model represented by Kaito is essentially redefining the airdrop distribution logic for small and medium-sized projects. This wave of change has a selective impact on the ecosystem—large projects like Monad and Zama each have their own strategies and will not be directly affected by this trend.

The peak period of profit-chasing on platforms like Kaito has gradually transitioned into a mature stage. So the question is: will the culture of profit-chasing on-chain truly return? Or will it evolve into a different form?

My observation is that this is not just about which model wins. More fundamentally, the entire industry's perception of the value of airdrops is being reconstructed. Small and medium projects face real choices—whether to continue along the path of information finance or to return to more traditional community incentive methods. This decision will directly influence the future direction of the profit-chasing ecosystem.