Ignore the noise coming from the adoption of blockchain in traditional finance This has nothing to do with the coins in your hand, or even BTC As early as 2018, the Australian ASX had tried to put all the share registry of the entire stock exchange on the public chain, but in the end, it failed In 2018, Australia's Open Market trading platform and subsequent foreign exchange licensed platforms (plates) could directly trade crypto, and even allowed crypto deposits (the method is to crypto and then convert it to fiat currency for you instantly, and you buy crypto again, which is equivalent to your slippage loss twice) Stablecoins and regional stablecoins In 2022, ANZ Bank has already completed payment attempts, and in the same year, ETH issued treasury bonds However, the nominal TVL of billions is just a dozen accounts turning the numbers on the traditional balance sheet from left to right. Blockchain usage is a cost for them, and their real means of making money is to charge a management fee for TVL. So YieldFi, which goes in and out, and does not charge management fees on the principal, is an existential threat to them The market price is only determined by the funds entering this market, and the lessons of each round of the market in the currency circle tell us: any tuyere noun with a tendency to traditional financial value, as long as it is popular in the mouth of the crowd who "has not made money in the native market of the currency circle formed by this outlet", then this track will not be able to get up If there is no all-out war in this world that leads to crypto mass adoption, then financial nihilism will be the world's leading power for a generation to come. Especially in Crypto, only the "industry" that provides practical services for this "nihilism" is a meaningful "industry"