After a while of hitting and talking, I was really disgusted, and then all narratives were debunked, and new narratives have yet to appear; on-chain activity is structurally declining, on-chain behavior is all about extracting benefits, short-term speculation, and capital arbitrage, with basically no native demand.

The user structure has deteriorated extremely, value investing is completely dead, PvP has also entered a death spiral, and we have already entered nihilism!

Currently, without new viewpoints appearing, the old viewpoints continue; this month is really just like this.