Just took a look around the NFT market—floor prices are dropping pretty quietly, and royalties are basically a dead letter. Community narratives get shouted for half a day with nobody picking them up. Now the Layer2s are having a lively back-and-forth: comparing TPS, fees, subsidies—basically, they’re all fighting to attract liquidity. But liquidity on the NFT side is really cold—it's not that there are no trades; it’s that depth is fragmented. Selling something can come with slippage that makes you question your life.

It reminds me of when I first entered the space—I thought high floor prices meant the project was hot and liquidity was good. Now I get it: high floor prices can also mean there’s a price but no market. Liquidity “good” means that when you want to sell, you can exit quickly, not that you can hang limit orders until the next life.
Anyway, let’s leave it at that—run the confirmations full first, then talk about other things.