This is the third time I’ve seen Layer2s competing with each other on TPS and subsidies. Honestly, as someone who’s into staking, it looks a bit boring. In the short term, they burn money to buy attention and volume—what will actually be able to stick around in the end? The same goes for PFPs and memberships: people just go after them for a different skin. Better to look at the protocol’s real revenue. Anyway, I’ll keep waiting for my steady returns, staying a bit detached—wait for the storm to pass and see.

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