Lately, the projects on RWA (Real World Asset) chains are increasingly resembling "liquidity illusions": the TVL on the dashboard looks pretty good, and net inflows on the chain can also be faked, but when you get to the redemption terms page, things like T+N, limits, lock-up periods, and even manual reviews... frankly, it's not the same as what you think about being able to exit at any time. When the fog is thick, I still prefer to glance at the active addresses and the frequency of fund movements, rather than focusing too much on promotional images.

By the way, the AI Agent wave is also quite hot. Automated trading/auto interactions sound very convenient, but it's easy to see who is seriously working on security and who is just hyping the narrative: permissions are too broad, upgradeable contracts, signature processes going in circles. I’ll just hit pause for now. I'm tired but still here, taking it slow. Anyway, I don't want to pay for things like "inability to redeem."