Volatility is normal, but when a public chain that once soared due to NBA Top Shot suddenly plummeted over 42% in a single day and its market cap dropped to $165 million, what underlying issues are hidden behind this?

FLOW's technical architecture is actually quite impressive. It adopts a multi-role modular design, breaking down the transaction processing flow, enabling horizontal scalability without sharding, and effectively preventing MEV exploitation. Even more noteworthy is its self-developed Cadence programming language—using a "resource-oriented programming" concept, allowing NFTs to be stored directly in user accounts, preventing asset theft at the foundational level. After the Secure Cadence upgrade in 2025, contract deployment also achieved a permissionless mode.

On the ecosystem side, actions are more frequent. In October, the Forte network upgrade optimized the consumer application experience and developer support, followed by a hackathon that attracted 3,300 developers submitting over 400 projects. NBA Top Shot completed full-chain storage migration, creating a true "perpetual ownership" collectible paradigm. At ETHGlobal New York Hackathon, a quarter of developers preferred FLOW, indicating something significant.

Of course, issues remain: the centralization of computing nodes still needs optimization, a security vulnerability in December indeed hurt trust, and low liquidity is exacerbating price volatility. However, the upcoming Move VM compatibility will facilitate cross-chain traffic, and the decentralization of the 400+ node network is also being strengthened.

On one side, there's undervaluation after the crash; on the other, continuous technological iteration—can FLOW overcome its difficulties with these technological strengths? What’s your take?