Lately, watching the market feels a bit like checking the weather forecast: when interest rates are not easing, everyone's risk appetite shrinks accordingly, and positions unconsciously shift toward "what I can sleep soundly with." Honestly, it's not necessarily bearish; it's just that with capital costs fixed there, even someone like me who loves cross-chain tinkering cares more about whether the settlement layer is stable and whether the bridge's safety margins are sufficient, so as not to be emotionally overwhelmed by waves of volatility.

Airdrop season is also quite surreal. The task platforms are becoming more and more meticulous in their anti-witchcraft measures, and with the points system introduced, the "grab and go" crowd really feels like clocking in at work... But when macro conditions tighten, even the enthusiasm for completing tasks starts to waver, and people begin to scrutinize projects: those with poor security or constantly changing rules, I just don't bother to keep up.

My colleagues also asked if I’ve gone back to "building bridges," and I told them it’s more like slowing down to repair the road now—stabilize first, then accelerate.