Recently, the secondary market has been arguing about royalties, basically meaning creators want a stable income, while traders find the costs too high and want more freedom. I used to be quite idealistic, thinking royalties should be the default; but after seeing various "bypassing" and "zero royalty markets," I’ve become a bit more calm: no matter how beautiful the rules are written, if people don’t buy into it, it’s useless.

New L1/L2 chains are both issuing incentives to attract TVL, and old users are complaining about "mining, selling," which is actually the same issue as the royalty dispute: short-term incentives can boost data, but long-term success depends on whether people are willing to stay. Anyway, I’ve lowered my expectations now; if I can support it, I buy a position, if I can’t, I just treat it as a passing task check-in... much more relaxed mindset.