Watching everyone stare at the stablecoin supply curve and immediately start imagining, “The money’s about to come in,” I can’t help but laugh… correlation is such a great performer. The same goes for ETFs—off-chain fund inflows don’t mean the order book is instantly pushed up into the stratosphere. To be blunt, there’s a whole bunch of people’s hesitation, risk control, hedging, and “let’s see first” in the middle. Just adding a few more zeros on-chain doesn’t mean sentiment changes along with it.

Instead, looking at the DAO voting section feels more real: one side touts long-termism, while the proposals are written like they were thrown together at the last minute—then, after the argument, they still pass. And this round of L2 flame wars comparing TPS, fees, and subsidies feels like a market stall fighting over volume… data can be pasted anywhere; just don’t misread causality. Anyway, I’ll go quiet for now and see who gets slapped in the face first.