I'm more familiar with Celestia, and I remember eating several times back then. Its problem has never been technology—even among the few L1s that truly contribute to the technical stack. But because of this, it is more dangerous, as such projects are prone to 'technological narcissism', fantasizing that technology can inherently bring adoption, and in the end, ignoring the three essential elements: narrative, growth pace, and market synergy.

Good technology does not equal making money; Web3 is not a laboratory, and project parties need to understand that operational rhythm, token structure, and growth logic are all indispensable. $TIA