Recently, due to the tariff war, the market has been fluctuating, but there have finally been signs of recovery. Small-cap MEME projects are still the main force in the primary market, attracting most of the traffic. However, the market lacks hot projects, and most of the liquid funds are not only flowing between top projects but also a portion remains specialized in MEME projects. With the resurgence of Binance Smart Chain's popularity this year, along with a slew of promotional activities by Binance, the hype around Binance Smart Chain has remained at a relatively high level. Compared to the SOL chain, Binance Smart Chain still falls a bit short. Although the number of MEME projects on Binance Smart Chain has increased significantly since the launch of the Four platform, it is still small compared to the pump platform. Binance still needs to work harder to catch up in this regard. From last year to this year, in addition to some frenzied meme coin explosions, there have also been many innovative mechanism projects that have attracted a lot of popularity and funds. Once they become hits, related projects emerge like bamboo shoots after rain, appearing one after another in a frenzy. Among them, there are certainly projects that ride the wave and exploit people. Now, as the enthusiasm for past new mechanism projects declines, various sectors are also settling down. Although they have made quite a few people wealthy, looking at the entire market, they have not brought significant changes to blockchain. The whole blockchain is still a game of financial capital, and the impact of technology is not as great as people imagine.