Recently, everyone has been talking excitedly about modular blockchains, but I keep thinking: what exactly has changed for ordinary users? Honestly, when you open your wallet, it’s still about transferring, swapping coins, or using an app—nothing suddenly becomes more user-friendly… The real changes are more on the “backend”: after separating settlement and execution, theoretically it can be cheaper and faster, and applications are easier to move around, so a single chain’s congestion won’t freeze everyone.

But on the other hand, bridges, cross-chain, and various “layers” have more dispersed and hidden risks, and when something goes wrong, you can’t even tell where the problem lies. Plus, the current stack of staking, shared security, and layered yields, which many criticize as a recursive trap, I can understand—security isn’t something that’s built by stacking more layers of returns. Anyway, I now care more about whether real users can stay or not; after the narrative wave recedes, it’s the remaining users who are truly meaningful. That’s all for now.