Recently, I saw a bunch of charts showing stablecoin supply, ETF inflows, and off-chain funds all together, and then people started saying "so it's about to take off." Honestly, correlation does not equal causation... An increase in stablecoins might mean waiting for the right opportunity, or it could be that everyone is crowding off-chain and afraid to move, or they’re just changing the shell for settlement. Don’t get excited and treat every line as a conductor’s baton.

What I care more about now is: whether the money coming in is truly on-chain, or just circulating around the brokerage side. And those AI Agents, automated trading, being hyped as if they’re fully automatic money printers—yet as on-chain interactions increase, authorization, contract risks, MEV, all queue up to collect their tuition fees... Anyway, I first calculate Gas, set limits, batch when possible—don’t let the narrative of profit blind you to safety and transaction fees.