After observing the recent situation of the top ten public chains based on Defi TVL data, it's evident that Sui is indeed gaining momentum.

Combining the recent price of #Sui , along with most of the previous airdrop results from Sui chain projects, it truly feels like this chain has money. It's worth paying close attention to this chain, as funding will guide new narratives and bring in new funds.

The main reason I focus on Sui is simply that: this is a Layer 1, representing that it won't be "dragged down" by #ETH .

Vitalik is indeed a genius; he has opened up the smart contract platform. However, the largest moat under the ETH and EVM system is Defi and the broad user base it brings. What has made ETH successful is that Defi project parties have directly generated real, lasting, and scalable transactions and capital flows on-chain.

It's not a gimmick, it's not fundraising; it's solid on-chain asset management and trading.

This has also made ETH itself the Gas for all DeFi activities, empowering ETH as a means of production.

In the short term, its top position cannot be replaced, but that does not mean it will never be brought down from its pedestal.

From SOL's rise this year, we can see that the pump has brought infinite vitality to Solana. This chain has use cases, the ecosystem has been built up, and there are indeed users using this chain. The tokens are also empowered, which allows the story to continue.

I would like to mention a certain SxxK; this group of Layer 2 users just wants to take a share of ETH, but in the ecosystem, there isn't a single one doing anything productive.

You can see that the logic behind Kaito's existence has been validated; everyone can be a super individual. The project party hopes to gather information from two types of people to expand project influence: one is early traffic influencers with real fans, and the other is KOLs who can create effective content.

How fast is the Sui ecosystem? They have quickly released GiveRep as an imitation. Regardless of whether this first SocialFi can succeed, in my view, this means there are users and builders, which could lead to new narratives and new opportunities, right?