The term “modular chain” sounds pretty grand, but for a terminal user like me, there are basically two feelings: first, whether it’s “smooth or not, and expensive or not” is probably becoming more segmented— the execution layer is responsible for running smoothly, while the data/settlement layer is responsible for being more stable; second, there are more choices, but it’s also more complicated— the same application might have gone through multiple layers behind the scenes, and if something goes wrong, you don’t even know who to blame… Anyway, I care more right now about how long the transfer in my wallet takes to be confirmed, and whether the cost keeps jumping around.

Recently, the funding rate has been extremely wild again. In the group, people are arguing about whether to reverse the position or keep squeezing the bubble. I feel that no matter how much they can spin a story about modularity, when you’re really emotionally carried away, what everyone cares about is still: “Can we close the position smoothly, and will the slippage not be too ridiculous?” I’ll do it the old way— in batches, with less messing around… and live a bit longer. Forget it—I won’t talk about it anymore.