The time for EU bubbles has come. I haven't enjoyed this kind of push-back feeling with 50% of OKB in a day for a long time.

Although there are no dividends and it doesn't represent shares, future profits are uncertain. However, the valuation of public chains is still relatively cheap. Institutions need someone responsible for asset custody, rather than pursuing decentralization and anonymity. Exchanges still prefer to choose, so will the value of public chains be diluted in the future? The moat of public chains is still not enough, and we don't need that many public chains.

In the bear market, exchange platform tokens have dropped less than Bitcoin. The business model of exchanges has been verified by the market and is a continuous money-printing machine. Besides BTC, I prefer to allocate platform tokens like BNB and OKB, which provide a better safety cushion than buying ETH and other public chains.