The past couple of days, I took another look at the NFT trading panel. To put it simply, liquidity depends on three things: whether there are people genuinely interested in buying at the floor price, whether the royalties encourage long-term retention, and whether the community narrative is still hot. Once the floor price turns into "just waiting for a miracle," transactions will plummet; if royalties are reduced to almost nothing, it looks good in the short term but can easily wear out creators and operators, leaving only arguments later on. The community aspect is even more mysterious—sometimes a meme can keep it alive, other times no one pays attention no matter how often it updates... I personally follow a folding paper approach: start small, test the waters, add more if transactions continue steadily, and pull out if the narrative cools down—don’t force it. Recently, everyone’s been complaining about verifier income and fairness in ranking, and I also resonate a bit. It feels like the "who comes first, who comes later" on-chain gets messy, and for NFTs, which are more emotionally driven, that makes it even more fragile. Anyway, that’s it for now—less obsession.