Foresight News: In a message, DWF Ventures released a thematic report on social trading, noting that as trading fees on various platforms approach zero, competitive advantages are shifting toward network effects, trader relationships, and a layer of proprietary information. The report argues that social trading platforms have a "flywheel effect": traders accumulate reputation through public signal calls, while followers flock in, driving up prices and further validating the correctness of those calls—creating a self-reinforcing growth cycle. However, this also brings asymmetric risk and collective market volatility. According to data cited by DWF Ventures, among the 292,000 wallets analyzed on the Fomo platform over the past three months, only 6.16% became profitable, and just 25 wallets recorded net profits exceeding $10,000. DWF Ventures believes that in the future, platforms able to retain users long-term will be those that build social discovery capabilities through a proprietary information layer, rather than simply adding social features.