Lately I’ve been a bit tired, but I’m still used to flipping through on-chain data before bed. I saw a transfer labeled “coincidence,” but if you follow the path, you can actually find traces at every step—maybe it first went through a layer of aggregator, then got split to different addresses, and finally came back into a pool. In plain terms, there’s no real coincidence on-chain—only context that hasn’t been unfolded.

Just like the recent NFT royalty drama, with one side saying creators feel their income is diluted and the other saying the market values liquidity more. Both sides have a point, but on-chain data won’t lie—the tug-of-war between rights and efficiency ultimately depends on the path. I’m tired; I’ll stop here for now.