Today's decomposition project $FOGO , seeing the shadow of Jump, I started to feel a bit scared. $PYTH got liquidated. High-performance L1 narratives are truly full of tricks, coming out again and again to stir things up. Native protocols are just a few, DEX, lending, NFT markets—one set of "L1 standard three-piece suite," with no novelty. Ecosystem interactions are all built through incentives. Releasing 40% at opening creates huge selling pressure. FDV is about to hit 1B? I'm overwhelmed.

FOGO-2,91%
PYTH-5,57%
L14,69%
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