Well, today I wandered around on-chain and saw that between L2s they’re still competing on TPS, gas fees, and who’s willing to subsidize harder. To be honest, I’m getting a bit tired of it.

I tried it once—moving a small amount of money from one new chain to another, then back and forth, wasting half a day. The fee savings weren’t even enough to justify my obsessing over it. Now everyone’s arguing loudly, and nobody brings up the royalty issue in the secondary market. To put it plainly, the idea that creators can be supported by transaction activity is becoming less and less convincing in the secondary market. No matter how people keep “rolling” it out, it still comes down to trading volume—artists end up getting nothing.

Personally, I’m leaning toward keeping a light position and just watching. After all, having stable emotions is stronger than anything else. Chasing an impulsive entry will only add trouble to myself. If royalties can truly land in the hands of creators, then on-chain ecosystems will be interesting; otherwise it’s just a bunch of people cutting each other up like greens. That’s it for now.