#Layer-1网络发展 The recent competition among Layer-1 networks has prompted my reflection. Although new public chains emerge one after another, in the long run, only a few are likely to truly establish themselves. We see some projects with high valuation and low circulating tokens, a pattern that often entails significant risks. As investors, we should pay more attention to the project's practical application scenarios and user stickiness, rather than short-term hype.

Regarding asset allocation, I recommend everyone adopt a cautious attitude and not be easily swayed by new concepts or promises of high returns. It is important to evaluate the project's long-term development potential and the team's execution capability. At the same time, be vigilant about the selling pressure caused by token unlocks.

For ordinary investors, diversification and controlling positions are always the prudent approach. Rather than chasing every emerging public chain, it’s better to focus on mature projects that have already proven themselves. Remember, in this rapidly changing industry, safeguarding your assets is the most important. Let’s stay rational and view market fluctuations with a long-term perspective.