#Layer-1网络发展 Seeing Hayes's comments on Monad, I can't help but recall the experiences of following emerging Layer-1 projects over the past few years. Indeed, VC tokens with high FDV and low circulation pose significant risks, and I've experienced some setbacks before. Now, I prefer to focus on the long-term development potential of projects rather than short-term hype. The cryptocurrencies listed by Hayes—Bitcoin, Ethereum, Solana, and Zcash—have all stood the test of the market. For new projects like Monad, even with Coinbase's backing, I will remain cautious and at least wait until the token unlock period is over before making a judgment. After all, experience has shown me that early bets in this market often mean high risk.