This round of the bull market has the difficulty of a hellish altcoin. If you play with on-chain activities, you'll find that the difficulty is less than that of the secondary market.

First-tier projects have fair launches without giving platform chips; platforms without chips do not invest in first-tier projects. The result is that everyone plays their own game, with on-chain activities possibly seeing a tenfold increase in a week, while secondary VC coins launch at their peak.

If the secondary market continues in this bad state, with no profit effect, while the on-chain activities remain independent, continuously producing golden opportunities and stories of sudden wealth, it will force more secondary retail investors to dive into on-chain activities, leading to a more prosperous on-chain environment, though there will also be more scams.

Regardless, money never sleeps; wherever there is a profit effect, funds will flow there!