I've been lurking in the group for a long time, and today I can't help but say: the word "modularization" sounds very "architecturally beautiful," but for end users, honestly, it changes only two things—whether your operation is smoother (cheaper, faster), and that you might find it harder to figure out exactly "which chain/layer/bridge" your money is on. It used to be like shopping in a mall, now it's more like wandering through a market made up of stalls; with more choices, it's easier to get lost.

I also feel this way about the data: some apps have rapidly increasing user numbers, but TVL/net inflow hasn't kept pace, like it's lively but not necessarily settling. And recently, the disputes over privacy coins and mixing coins, pushing the boundaries of compliance, have caused splits... Modularization breaks down components into finer parts, and regulation/risk control will also be "broken down" into smaller pieces. In the end, for users, it boils down to: can I use it, will I get stuck, do I need an extra verification step. Anyway, I’m not really chasing new narratives right now; I want to understand the path and risk points clearly before taking action.