After finishing the last task at 3 AM, I suddenly realized something.

To tell if a project team is actually working, don't listen to them boasting about "modular narratives" or "DA layer revolutions"... honestly, my eyes glaze over whenever I see those terms now. Just look directly at the treasury expenditures—that's more reliable than anything else.

For teams that are truly building, where the money flows is obvious: development grants, audits, ecosystem incentives—healthy proportions. On the flip side, if marketing takes up 70% of the budget and the treasury address frequently moves large amounts to exchanges, I just mark those and don't even bother with the tasks.

Yesterday I scanned an L2's public treasury. Their milestones looked great on paper, but when I checked on-chain, the only major expense in the past three months was paying KOLs. Forget it, I don't even want to do side quests.

That's it for now. Sleep.