Jeonlees

🔥 Yesterday, as $NEWT went live, I believe everyone also saw the strength of $NEWT ! The rewards for relying on your mouth in the airdrop have really come true, with thousands of coins, even tens of thousands of coins directly deposited into wallets, allowing those who previously relied on Kaito to truly feel the charm of relying on your mouth 😋.
I don't know if the people who rely on their mouths are still eagerly waiting for Alpha's entry threshold, trying to grab the 125 coins given in the airdrop.
Meanwhile, some have already obtained several thousand or even tens of thousands of Newton coins qualifications.
Earning 4K daily on Kaito is not a dream; the operation is simple and super suitable for everyone—no trading, no fees, just 'creating content + linking wallets' to complete!

If the blockchain of the past decade was about whether "value can be on-chain," then the key in the next decade must be—after going on-chain, can value truly flow?

Plasma is the chain that attempts to redefine "liquidity." It does not compete for narratives, nor does it seize ecosystems, but instead brings the most practical, high-frequency, and most overlooked scenario of stablecoins back to the core position.
I noticed a long-ignored fact in the industry:
Stablecoins are the most genuine demand in all on-chain transactions.
If you randomly browse a public chain's browser, over 80% of transactions are stablecoin transfers.

In the past few weeks, I did something quite boring but very useful for me: I went through all the core paths of Injective, from on-chain data, dApps, development documentation to token mechanisms, in full. From users to developers, from trading ends to validators, and from protocol income to burning auctions, I tried to dissect this chain from the perspective of 'a real user' to see exactly where it is strong, where it is weak, and what essential differences it has with those public chains that often boast.
To be honest, after running it, I became even calmer. Injective is not the kind of chain that you understand at a glance; its strength is deeply hidden. If you only look at its market cap, TVL, and short-term prices, you might think it's just that; but once you break down its trading structure and real use cases, you'll find that the temperament of this chain is completely different from other L1s.

Family, to be honest, the more I write about YGG on Square during this time, the more I feel that this project is different from what everyone sees on the surface. If you only treat it as an 'old-school P2E guild', you will really miss the brand new logic that it is quietly brewing right now. Especially after translating all the data, roadmap, and updates from the past few months, I find that YGG now resembles a 'player network protocol' more than a simple guild organization.
Let me start with my most intuitive feeling. The chain game sector has seen an overall decline in sentiment from 2022 to now. But if you really break down the on-chain activity, guild scale, ecological issuance speed, and player growth, you will find that some points are gradually 'growing back'. YGG is basically one of the earliest players in this wave of recovery—without relying on hype, without relying on airdrop rumors, but relying on the most fundamental approach: reintegrating players, operations, services, and tools into a system.

After experiencing too much of the so-called 'disruptive public chains' hype, I increasingly believe that the projects that can survive in the future are often those that return to common sense. Plasma belongs to this type—no slogans, no concepts; its goal is very simple: **to truly enable the use of stablecoins.**
The first time I noticed it was while looking at on-chain data. Just over a month after the mainnet launch, the trading volume exceeded 75 million transactions, and the number of active addresses surpassed 2.2 million. For a new chain, this is almost an incredible speed.
But what interests me more is not these numbers, but the logic they reflect: Plasma does not want to become 'another万能公链'; it only wants to take stablecoins to the extreme.

I have recently been discussing a phenomenon with friends: why do some public chains rise due to ecosystem popularity while others rise due to memes, and why does Injective, which is more focused on financial scenarios, always seem to be 'quietly working'? When you open the chart of $INJ you might think the market isn't very lively, but when you really look at the data, the logic is completely different. Injective's growth method has always been particularly 'steady to the point of misunderstanding', but there have been several changes in its depth that have clearly accelerated over the past two months.
Let me first share my personal feelings. The uniqueness of Injective has never been about TPS, low fees, or 'cross-chain compatibility' - the things everyone tends to shout about. Instead, it is about redefining the structure of financial instruments on-chain. If you see it as a public chain, you might think it is small; if you see it as a complete set of 'on-chain derivative infrastructure', many numbers start to make sense.

In the past few weeks, I have become more optimistic about Linea. Not because of the price, but because of the ongoing sense of construction during its silent phase. Most L2s have fallen into narrative fatigue, relying on airdrops, events, and collaborations to 'maintain heat', but the pace here at Linea is completely different—it's silent, yet each update deepens the underlying structure. You can clearly feel that it is evolving from a 'scaling chain' into the 'execution base layer of Ethereum'.

I have always said that Linea is the project in the entire ZK track that resembles Ethereum the most. Not because of Consensys' background, but because of its way of thinking—steady, solid, and substantial, not catering to the market, but only responsible for the long term. Recently, I revisited Linea's mainnet data: TVL has returned to over 400 million USD, with an average daily transaction volume of about 600,000, and the number of developer contract deployments continues to rise. On the surface, there seems to be no explosive points, but the meaning of these data is very simple: Linea's growth is 'slow and real', it does not rely on tasks or airdrops, but is driven by systemic use to promote ecological circulation.

The more I research Plasma during this time, the more I feel it is not a typical public chain in the conventional sense, but rather a kind of 'infrastructure philosophy' in the world of stablecoins. It is not about running ecosystems, maximizing TVL, or creating narratives; it is about restoring the process of stablecoin settlement to its 'proper form'.
Many chains claim they want to change payments, but there are very few that can actually make stablecoin transfers usable in everyday life. Most chains either require preparing Gas, or need to select a network, check fees, or wait for confirmations. Ordinary users don't want to know about these things; they just want one thing: to send their money and let it arrive.

Family, let me say something upfront. This article is not about grand principles; it's about why I've recently revisited YGG. GameFi has cooled down significantly in the past two years, and many people's impressions of YGG are still stuck in the 2021 wave of 'play-to-earn' hype. But if you're still looking at it from that perspective, you won't be able to see the full picture. Over the past few days, I've gone through YGG Play, treasury changes, offline events, token structure, on-chain reputation systems, and the Southeast Asian player network, and I feel that the direction it is taking now is completely different from the old ways.

During this period, I've been closely monitoring the on-chain data of Injective, and it's been quite engrossing. Every time I see $INJ hovering around seven dollars, I can't help but want to zoom in and zoom in again to see whether it’s a matter of sentiment or if the fundamentals have truly started to shift. Especially after the native EVM mainnet went live, the entire ecosystem's pace suddenly quickened. Many only see the price correction, but when I look at developers, TVL, burning mechanisms, and transaction volumes, I can actually feel a noticeable change: Injective is no longer just a 'financial chain' in the Cosmos ecosystem; it is starting to resemble an expanding trading engine.

Morpho is the kind of protocol that you find increasingly 'exceptionally stable' the more you study it. It does not chase trends, distribute tokens, or hype itself, yet it manages to steadily achieve a TVL of 3.9 billion dollars in a chaotic DeFi environment. The quieter the growth of a project, the more I am willing to invest time in digging deeper, because there must be a set of structural logic behind it that can stand the test of time. @morpholabs $MORPHO #Morpho

The concept of Morpho Blue is very pure. It does not allow protocols to set interest rates, determine clearing mechanisms, or participate in the management of asset whitelists. All market rules are set by the participants themselves, and Blue is only responsible for providing a transparent, verifiable, and composable underlying framework. It is like a new 'on-chain language' that clarifies risks, returns, and incentives within the structure rather than in the minds of the DAO. The less human intervention, the easier it is to gain the trust of long-term funds.