These days I've been looking at the "de-anchoring small fluctuations" of stablecoins again, honestly many times it's not that the assets are truly insufficient, but that everyone starts to doubt: what exactly do your reserves look like? Transparency is usually ignored, but as soon as there's a slight disturbance, it becomes a run-on-the-bank trigger. No matter how many proofs are on-chain, they can't withstand the collective sentiment pressing F5.

I'm even more cautious about NFTs; no matter how strong the floor price elasticity is, I'm afraid of liquidity suddenly disappearing en masse...
By the way, watching L2s argue over TPS, fees, and subsidies is quite amusing. They all boast about performance, but when a run-on-the-bank actually happens, it's still about who can make people feel at ease.
Anyway, now when I see the words "reserve report," I first flip through a couple of pages before deciding.