I’m not great at hyping modular blockchains or how “awesome” they are, but honestly: for ordinary users, what exactly does this change? You open a dApp—your slippage is still slippage, and cross-chain still takes forever. Whether the underlying layer is a monolithic chain or Lego-like building blocks has nothing to do with your trading experience. Unless, like me, you keep staring at market maker depth and the liquidity exit flow, you’ll notice that after modularization is done, liquidity gets more fragmented. The project teams, though, end up with more components they can monetize.

Double-staking and “shared security” have recently been criticized as a set of nesting dolls—and I think that’s pretty fair. When you layer up yields, have you ever thought that each layer is also draining your liquidity and trust? If one module blows up, will your exit path be good enough for you to run? Anyway, I don’t believe in “eternal consensus”—I only trust whether you can move your position to safety before everyone else panics.

Modular sounds high-tech, but in essence it’s just a liquidity allocation game—unrelated to users, and tied to market makers.