It’s true that in the crypto market, some of the existing liquidity has been siphoned off by the U.S. stock market, but what’s received in return is on-chain settlement rights for the world’s top assets.

In the short term, the liquidity of shitcoins and knockoffs has been drained—this is the pain you have to go through;

But in the long term, the chain itself is transforming from a “casino” into a “financial infrastructure.” What’s sacrificed is gamblers’ dreams of getting rich quick, and what’s achieved is the ultimate narrative of crypto’s underlying layer serving as a global clearing layer.💡