Recently, I saw a public chain start a partnership with a well-known development team. I was quite optimistic at first, but after closely observing the Meme ecosystem on the chain, I can still feel that this chain lacks genuine support from top-tier exchanges. The gap in ecosystem activity and user base is evident.

Ultimately, to give the on-chain ecosystem vitality, the infrastructure of stablecoins must truly come to life. It can't just stay at the issuance level; it needs to be closely integrated with the financial functions on the chain—depositing to earn interest, collateralized loans, and other features. Although these are old-fashioned, when used well, they become core competitive advantages. Activating users' assets is essential for DeFi to have stickiness.

Of course, the prerequisite for all this is safety first. If the underlying technology isn't stable, even the best applications are useless.