Daft Punk马到成功版

2025.09.18, the place where dreams begin haha, at that time I just started playing Alpha, and it made me shiver, then every day I watched others grab airdrops without getting any, and could only shed envious tears from the corners of my mouth. But soon, on the 26th, 8 days later, a milestone airdrop appeared, which was generously sent by @Plasma with $XPL haha, sold for 220u, and three days later on the 29th I got FF again, sold for 208u. Those days were truly dreamy, I even fantasized that Alpha could keep going like that 😂#plasma

Mixed feelings; initially, everyone came to improve their quality of life, but later realized that this market devours people without spitting out bones.

Recently, I've been reflecting on where the so-called Web3 'decentralization' has gotten to. Every time I write a DApp, this sense of disconnection is very strong: although the asset logic is on-chain, the frontend pages, images, and those truly space-consuming 'heavy' data mostly still have to be handed over to Amazon or IPFS (if not pinned, they will also be lost). It feels like building a fortress with a solid foundation, but the walls are made of paper.
At this juncture, I started to settle down and study @Walrus 🦭/acc .
The more I look at it, the more I feel that the point it addresses is very niche and precise. I used to wonder why on-chain storage is so expensive? Is it because we sacrificed too much efficiency for 'consensus'? Walrus gives me the feeling that it has finally decoupled the two logics of 'execution' and 'storage'. Especially as it utilizes the characteristics of the Sui network to handle coordination while distributing the actual Blob (Binary Large Object) storage tasks, this architectural design is quite enlightening.
I played it out in my mind: if I use Walrus's Erasure Coding technology, I don't have to worry about data loss due to certain nodes going offline. Its redundancy mechanism is much smarter than the simple replica copying I encountered before, and it's also much cheaper. This means that maybe in the future, we can really put the entire news website, video platform, or even the frontend of large games completely on a decentralized network, rather than just storing a few Token IDs.
This might be the ultimate form that Web3 storage should have—cheap, even you could say inexpensive, but extremely resilient. I'm thinking, if future NFTs are no longer a URL pointing to a centralized server, but instead represent data that truly exists within Walrus, then the weight of the words 'asset ownership' will be much heavier.
I still need to spend some time running Devnet to see the actual latency performance. But my intuition tells me that this approach, which does not occupy the main chain's state explosion and focuses on unstructured data, could very likely be the key to breaking the current bottleneck. This sense of control of 'no longer relying on any single entity' is indeed long overdue. #walrus $WAL

Recently, I have been repeatedly thinking about what the real obstacles are for the large-scale implementation of Web3 payments. Watching various L2s on the market frantically compete for TPS, I know very well that for ordinary users, as long as there is the threshold of Gas fees, Mass Adoption will be very difficult to achieve. @Plasma The proposed 'Zero Gas Fee Revolution' has caught my attention. By directly implementing zero transaction fees for stablecoin transfers through the Paymaster mechanism, it precisely hits the biggest pain point in the payment track.
​In terms of technical architecture, I see they have chosen EVM full compatibility, supporting mainstream tools like Hardhat and Foundry, which means the migration cost is almost zero for developers. This is a very pragmatic strategy. More importantly, they have chosen to regularly anchor the state to the Bitcoin network, directly leveraging BTC's security as a backing. This kind of 'leveraging' in terms of security has given me more confidence in its underlying stability.
​From the perspective of capital flow, the TVL of the SyrupUSDT lending pool on Maple can reach 1.1 billion USD, which ranks among the top in the entire network, indicating that institutional funds actually recognize its underlying logic. Moreover, Rain cards and Oobit have directly connected to the Visa network, covering hundreds of millions of merchants worldwide, and coupled with the compliance with MiCA regulations by the Euro stablecoin EUROP, it seems that #plasma is determined to follow the path of compliant payments.
​However, I must remain clear-headed. Watching the XPL token price drop nearly 90% from its peak, this enormous selling pressure indicates that market sentiment is still weak. Moreover, the validator network is mainly still controlled by the team, lacking sufficient decentralization, which is a centralization risk I must be vigilant about. The ecosystem applications currently do seem thin, mainly focused on transfers and lending, lacking more diversified scenario support. The current situation is one of coexistence of opportunities and risks. The technical and compliance foundation is good, but to reverse the price decline, more explosive ecosystem applications are needed. #plasma $XPL

At this moment, when the night is deep and quiet, facing the densely packed project white papers on the screen, the question mark in my mind about 'Web3 AI' has been circling. To be honest, after seeing too many projects that are just selling a facade, I instinctively remain cautious about the label 'AI public chain'. But when I refocused my attention on @Vanarchain , breaking down its technical logic line by line, that long-lost sense of excitement slowly returned.
I was thinking, maybe my previous judgment was too generalized. What Vanar is doing is not simply 'branding' AI for blockchain, but rather reshaping the foundation. Looking at their deep integration plan with NVIDIA, I couldn't help but exclaim: this is the right path. If it cannot support CUDA and Tensor from the underlying computational power, so-called on-chain AI is just a toy. But what I see now is a genuine container attempting to accommodate high-performance computing. This makes me think that future DApps may no longer be rigid stacks of code, but rather living, breathing intelligent agents.
Especially when I think of their mention of generative AI combined with assets, a scene emerges in my mind: future NFTs will no longer be static images crafted by designers, but assets that evolve in real-time generated by AI based on on-chain data. This dynamic vitality is the direction of Web3 evolution in my heart. Moreover, this evolution is not a high-energy consuming barbaric growth; their commitment to green energy makes me feel that this is not only a technological advancement but also a form of civilizational awareness.
In this restless circle, there are too few projects that can focus on building infrastructure. I am staring at the ecological map of #Vanar on the screen, and a voice in my heart is saying: this might be the turning point. When blockchain possesses the 'brain' to handle complex models, the story is just beginning. And I am very glad that I am quietly observing all of this happening. This does not need to be proven to anyone, but I know that I will continuously keep an eye on every iteration on this chain because the future has arrived. #vanar $VANRY

Looking at the needle on the screen that keeps probing downwards, Dusk's current price stands at 0.10745. I lit a cigarette, and my hands were shaking.
​Brothers, really, this is not a candlestick chart; it is clearly my electrocardiogram, and it's the kind that is about to flatten out.
​Recalling half a month ago, on January 22, when Dusk skyrocketed to 0.29155, how many people in the group were shouting 'Dusk to the moon'? I was also bewitched, looking at that big bullish candle, thinking this wave was stable, at least breaking 0.3. The moving average was beautifully bullish at that time; I thought a pullback was an opportunity to get in, but what happened? This pullback went straight to hell.
​Look at the current market, it is too tragic. That yellow short-term moving average (MA), which was originally our support, has now turned into a deadly knife that crushes people. Ever since it turned down from that high position, every rebound has been ruthlessly suppressed. The candlestick has been like it was filled with lead, sliding down along this yellow line. This is a typical case of 'dull knife cutting flesh,' worse than a direct waterfall. A direct waterfall just hurts once; this kind of downward slide gives you a glimmer of hope and then slaps you in the face, making you hesitant to cut losses, and in the end, you get trapped deep.
​The most desperate is that purple long-term trend line. I originally hoped it could support a bit, but the last few days a large-volume bearish candle broke through it. From a technical perspective, this is called support turning into resistance, with all the trapped positions above. Even if the main force wants to push up, there are countless souls waiting to be freed; who dares to catch it?
​From 0.29 to 0.10, it has more than halved, this is going to cut off the knees. Watching my account balance shrink to the point where I can barely recognize the numbers. Every red candlestick is made up of the flesh and blood of retail investors. The main force's actions have been too ugly; they have raised the price to sell off so ruthlessly, not even giving a decent dead cat bounce.
​Now staring at that 0.10745 fluctuating, I don't even have the courage to add more. This trend is completely a bearish arrangement, liquidity is exhausted; whether it's RSI or MACD, it must have diverged to the point of being unwatchable. What can I do now besides holding on and playing dead?
​This Dusk's current trend is truly 'a sea of sorrow.' Closing the software is a loss, and opening it makes my heart bleed. This is not trading coins; it is clearly undergoing tribulation. #dusk $DUSK

Recently, I have been repeatedly pondering the scalability bottleneck of decentralized storage. After reviewing existing solutions, it seems that many projects are still stuck in a vicious cycle of cost and efficiency. It wasn't until I deeply studied the white paper and architectural logic of @Walrus 🦭/acc in recent days that I felt this approach had some potential for breaking the deadlock.
​I used to think that storing data was merely about stacking hard drives and adding an incentive layer, but the core logic of Walrus is to completely decouple 'storage' and 'execution'. It uses Sui as a coordination layer to handle metadata, while Walrus focuses on the availability of Blob data. Especially noteworthy is its underlying use of Erasure Coding technology, which is much smarter than simple full-replica redundancy. There is no need for all network nodes to store a complete set of data; as long as enough fragments are gathered, restoration is possible. This mechanism reduces storage costs to an extremely low level while ensuring robustness.
​I am thinking that for the current Web3 infrastructure, especially for projects aiming to host AI models or decentralized social networks, this architecture may be a necessity. If all unstructured data is attempted to be shoved into L1 or expensive DA layers, the economic model simply cannot function. The design of Walrus perfectly fills the gap between high-frequency data access and low-cost archiving.
​Another point worth considering is its 'Red Stuff' consensus optimization. In a large-scale node environment, if consensus can be quickly reached without relying on global broadcasting, then indeed the network's throughput limit can be opened. This is not just about saving files; it is more like building a truly usable and low-cost 'data lake' for blockchain. If the subsequent developer ecosystem can keep up, it may truly lead to the emergence of several data-intensive DApps, rather than just the lightweight applications that currently only interact with hash values. #walrus $WAL

Recently, while re-examining RWA (Real World Assets) infrastructure, I developed an increasingly strong judgment: general-purpose public chains may have gone in the wrong direction from the very beginning in this track. Where lies the problem? While everyone is excitedly discussing 'asset on-chain,' a contradiction that has been systematically overlooked is emerging — what traditional financial institutions really care about is not how cool the technology is, but whether data privacy and regulatory compliance can operate coherently within the same system. This is also the fundamental reason why the technical route of @Dusk caught my attention.

I have seen too many projects trying to patch compliance issues at the application layer, but Dusk's strategy is entirely different: they directly embed zero-knowledge proofs (ZKPs) at the Layer 1 protocol level. This is not a difference in optimization degree, but a generational leap in competitive dimensions. A deep dive into their Piecrust virtual machine reveals that its overall architecture is tailored for zero-knowledge proofs, meaning compliance is no longer an optional add-on module but is hard-coded into the execution logic of every transaction. More critically, based on the PLONK proof system, institutions can mathematically prove to regulators that 'this transaction has passed KYC/AML review' without exposing sensitive information such as transaction amounts or counterparty identities. This capability is not just a bonus for risk-averse financial institutions; it is a matter of life and death.

This is what RegDeFi (Regulatory Decentralized Finance) should truly look like — it should not be a fragile bridge between traditional finance and decentralized finance, but should fundamentally redefine the rules of the game. From the perspective of institutional decision-makers, who would allow their core ledger to be laid out on the public internet like an open diary? Dusk's Succinct Attestation consensus mechanism demonstrates real engineering difficulty here — it achieves instant finality without sacrificing node decentralization. The complexity of achieving this balance in technical implementation far exceeds expectations, but market recognition of it is severely lacking.

Rather than categorize #Dusk as just another blockchain project, it is better understood as a systematic attempt to redefine automated clearing and settlement standards using modern cryptography. #dusk $DUSK

Looking at the recent data of @Plasma , I have to reevaluate the basic valuation logic. Market sentiment is terrible, XPL has dropped nearly 90% from its peak, and such huge selling pressure usually makes one want to turn off the candlestick chart. But if I strip away the price noise and purely look at the technical foundation and on-chain data, the situation seems a bit different.
​What struck me first is this Paymaster mechanism. I have been thinking about what the obstacles are for Web3 payments to land on a large scale. The answer has always been gas fees. The zero-fee stablecoin transfers created by Plasma indeed solve the pain point. This is not just a technical detail that only so-called 'geeks' care about, but a fundamental logic that can truly enable Rain cards to cover 150 million merchants globally and allow Oobit to connect to the Visa network. If the payment itself still requires users to calculate gas fees, it would be impossible to achieve commercial adoption.
​Looking at ecosystem funding again, the TVL of the SyrupUSDT lending pool on Maple has actually reached 1.1 billion dollars. This scale ranks high across the network, indicating that institutional funds recognize the safety and yield here. Moreover, they periodically anchor their status to the Bitcoin network, a practice that borrows the security endorsement of BTC, which is much smarter than simply creating a consensus mechanism on their own, especially in the current environment of extremely high trust costs.
​But as an investor, I cannot only look at the positive side. Where are the risks? Apart from the severe drop in coin prices, the validator network is still team-controlled, and the degree of decentralization is too low. This remains a landmine. Although compatibility with EVM has lowered the development threshold, the current ecosystem applications are still too singular; apart from transfers and lending, I do not see many native innovative DApps emerging.
​The current situation is very contradictory: on one hand, there is solid payment scene implementation and integration of the compliant stablecoin EUROP, while on the other hand, there is a concerning chip structure and centralization risk. The current market pricing is obviously pessimistic, but if the narrative of zero gas fees can really take off, perhaps the current low point is a misjudgment? I need to continue to monitor the changes in on-chain activity rather than staring blankly at the candlestick charts. #plasma $XPL