I usually don't pay much attention to what project teams say verbally; to really judge whether they are actually working, you need to watch how the treasury spends, and whether there are corresponding milestones after the funds are used. Frankly, if the money flow is always through "partnership/marketing/consultants" with a big package, and you can't see the development pace, version iterations, bug fix records on-chain, then basically… you have a sense of it. Conversely, if expenses can be linked to specific deliverables (such as which module goes live, audit reports, incentive rule adjustments), even if progress is slow, I prefer to wait. Recently, before and after the upgrade of that mainstream public chain, everyone has been guessing whether the ecosystem will migrate; I’ve also been watching: if the team is still burning money on narrative-building but hasn't prepared migration/compatibility plans, it's quite risky; serious teams usually allocate their budget first to tools, bridges, monitoring—those "not sexy but necessary" areas. Anyway, I’m just observing quietly, waiting for the data to speak.