Let's talk about a currently severely undervalued sector—zk cross-chain. Opportunities always grow in obscure corners, and it's hard to imagine that zk cross-chain has already entered its product maturity phase, with investment opportunities starting to emerge. The biggest development bottleneck in the cross-chain sector has always been security, with major failures happening frequently. Previously, the industry's basic consensus was that only when zk cross-chain technology is implemented will we truly enter the era of full-chain interoperability. You might not have heard much about Union, but users in the yield farming circle should know it, as it recently released its tokenomics. It's a star project in zk cross-chain, having raised $16 million. If you want to invest in zk cross-chain, you can't overlook this project. Union's zk cross-chain replaces the "trust issue" of cross-chain with a "proof issue." No multi-signatures, no oracles, no MPC—only zero-knowledge proofs, relying entirely on mathematics. I won't delve too much into the technical aspects, but in short, the fundamental valuation of the cross-chain sector will be redefined with the implementation of zk cross-chain. No relays. No bridges. Pure ZK magic. Let's get straight to the opportunities with Union. Union announced its U tokenomics, with an initial total issuance of 10 billion tokens, of which the initial circulating supply is 1,919,050,000 tokens (accounting for 19.19% of the total supply before inflation). A key point is that nearly 60% of the token supply is allocated to users, builders, governance, and network growth; core contributors and investors have a 12-month lock-up period, during which they cannot claim staking rewards; 8% is reserved for future airdrops; the inflation rate decreases from 6% to 2%. In the short term, this inflation rate is relatively low and doesn't need much attention. In this round of tokenomics, projects have generally been more honest. Governance tokens are not recognized by everyone, and Union's U token serves as the native gas for payments. ZKP/LC/routing all rely on the U token, along with staking and profit-sharing; the token's utility cannot be manipulated, as it is the electricity cost for the entire Union network. For the valuation of Union's U token, you can refer to the FDV of LayerZero, Wormhole, and Axelar. LayerZero's ZRO - $2.12 billion Wormhole's W - $910 million Axelar's AXL - $296 million Currently, the development stage of zk cross-chain cannot be equated with the scale of LayerZero; the market's cross-chain liquidity still relies on LayerZero. Therefore, taking the average of Wormhole and Axelar gives a slightly conservative perspective, suggesting that Union's U token valuation can be initially set around $600 million, with a price of $0.06 per U token. A price of $0.06 per U token is likely still undervalued in the long run, as zk cross-chain brings an upgrade to the fundamentals of the entire cross-chain sector, especially with the integration of chain abstraction. In the future, managing assets across any chain with ease will revolutionize wallets, DeFi, and other businesses. Not just Union, but the cross-chain sector represented by zk has many projects gradually landing. The explosive potential of this sector can be compared to that of DOT and Cosmos back in the day; they just failed. This time, the era of zk cross-chain interoperability has arrived.