Recently, during this wave of correction, many friends who just entered the market are struggling with whether to cut losses and escape. I was reminded of an old trader who has worked with me for five or six years. This guy never follows market sentiment, focusing solely on one thing—where the actual money is flowing.

Last week, he quietly started increasing his holdings of a leading public chain's ecosystem tokens. During a casual chat, he said something quite interesting: "This is not a crisis; it’s the old order loosening, and new hubs emerging."

I’ve thought about his perspective and believe it’s worth discussing—especially for old friends who don’t like hearing complicated jargon.

**Traditional finance is in chaos, while on-chain settlement is becoming more stable**

Recently, in the US, budget battles and intermittent government shutdowns have become routine. Although the scenario is old, more and more people are realizing during this cycle that the financial system relying entirely on centralized institutions for support is exposing vulnerabilities. Funds are always seeking relatively safe places with uninterrupted operations to settle. A certain public chain’s PoS mechanism can reliably run stablecoin clearing and settlement, unaffected by central system shutdowns and not dependent on bank hours—during market turbulence, the advantages of this "on-chain clearing and settlement" become even more apparent.

**Multi-chain collaboration breaks down liquidity barriers**

In earlier years, each chain operated independently, and cross-chain transfers were slow and expensive, with extremely low efficiency. Now, a certain public chain’s aggregation layer solution is connecting the liquidity of multiple ecological chains, effectively paving a high-speed channel for funds. As a result—resistance to fund transfer decreases, market response speeds up, and promising chains can attract capital more quickly. The aggregation layer is very likely to gradually evolve into a traffic hub in the multi-chain era.

**Real assets going on-chain has become a reality**

Bonds, bills, commodity delivery certificates… these items are gradually migrating onto the blockchain.