Recently, I went back to check out the order walls of a few old NFTs. To put it simply, liquidity is quite honest: the floor price is like the lower edge of community sentiment, and when someone is eager to sell, they directly break through the "boundary." The royalty issue is also quite awkward; creators want to sustain it, but buyers find the friction too high, so in the end, everyone just verbally supports it, and when it comes to actual transactions, actions are very honest... When the narrative is hot, everything can be explained; when it cools down, only the order book and silence remain.

By the way, looking at the discussions around modular chains and the DA layer, developers are excited as if they've discovered new building blocks, while ordinary users are completely confused. I myself feel like I'm looking at a diagram: the structure is becoming more beautiful, but whether people are willing to step in is really hard to say.
That's all for now, continuing to observe.