Lately, I've been really focused on NFT liquidity, watching the floor price stay steady, but just a few trades can make the chart look really good... As for royalties, it's even more awkward—when they’re high, everyone avoids them; when they’re low, it feels like a “discount” on the narrative. Honestly, it now seems like whether people buy in depends on how hot the community is; if the narrative cools down, even the best artwork is just hanging there.

I also use on-chain data tools, but recently, that complaint about the “tag system being outdated/misleading” feels pretty real. Sometimes you think big whales are re-entering, but after a couple of days, you find out they just changed addresses... Anyway, I don’t just look at one chart for the floor; I’d rather wait a few days to see trading depth and order book distribution.

As for you saying “royalties will take off once they drop”… I’ll hold my opinion for now.