Current Market Situation:

Low trading volume, nearly 0% growth in new users, once bustling chains now feel deserted, gas fees are almost 0.

No new stories, old stories are no longer believed.

What remains are project teams and experienced old-timers who are unwilling to leave after years in the space.

The only hope is whether RWA stablecoin-related payfi can create something useful. Other things are not worth looking at; they are all PvP, with traders, project teams, and old-timers stabbing each other in a game of competition.