It’s late at night. I took a look at a few on-chain parallelization/sharding designs—sounds impressive, and the data is lively. But honestly, I’m a bit uneasy. It feels like everyone is chasing new concepts: whoever manages to get it working first will supposedly take off. But once I think about assets moving back and forth across chains, and then how you finally exit safely, my mind goes on edge. Recently, RWA and US bond yield stuff has also been brought up to compare with on-chain returns—some people say it’s “risk-free profit,” but I don’t really buy it. I just feel like the more chaotic and crowded it is, the more likely there are landmines.