Honestly, I’ve heard modular blockchains being hyped for so long, so I tried to experience it—and turns out… for end users, there’s basically no difference. You still trade, you still swap, gas fees haven’t come down much, and it hasn’t gotten anywhere near “moving at light speed.” In plain terms, how the underlying architecture is broken apart and put together is something users can’t feel at all—unless you’re staring at a block explorer every day to check whether the data layer and the settlement layer are separated.

What’s interesting lately is that RWA and on-chain yield products are being compared to US Treasury yields. People keep saying you can earn stable returns on-chain—but US Treasury yields are almost 5% now. What kind of “steady” products can on-chain still compete with? At least I don’t really believe any project can consistently outperform government bonds in the long run—unless you’re willing to take on protocol risk.

Yeah, I still believe in one thing: wherever the liquidity is, that’s where I go. Everything else can wait.