The thing about modular chains, to put it simply, the biggest change for ordinary people isn't "more advanced technology," but rather a user experience that feels more like changing a router: settlement, data, and execution are separated, which could lead to more stable transaction fees and less lag, and cross-chain interactions might also become less awkward (of course, provided the bridges don't cause any more trouble). But the side effects are also obvious: longer paths, you might think you're confirming on a single chain, but in reality, several layers are running behind the scenes, making issues harder to pinpoint, and security responsibilities are more dispersed.

Recently, with social mining and fan tokens—those "attention is mining" schemes—I see it as pretty much packaging noise as output... No matter how much modularization reduces costs, attention isn't like hashing; it's more about emotional fluctuations. Anyway, I’m still focusing on implied volatility and hedging. The excitement is there, but don’t let yourself become liquidity.

That’s all for now. I’ll go re-run the cross-chain paths and fees for a few new L2s today.