ChainCatcher message, Ordinals developer Leonidas posted on the X platform stating that there is the Runes token protocol created by Casey Rodarmor on Bitcoin, as well as derivatives of Casey Rodarmor's Bitcoin protocol. My intuition is that once this cycle ends, the latter will go to zero and will never recover. Ethereum does not have dozens of alternative and non-fungible token standards; it has ERC-20 and ERC-721. If you want your project to be seen by many people, you must deploy it on the standard with the strongest network effect. This is why I do not use or publish all other meta-protocols.While some of these are technically interesting, I do not believe any of them will become the de facto fungible or non-fungible token standard for Bitcoin. I could be wrong, but in other mature Web3 ecosystems, even if they make interesting technical trade-offs, there is no good precedent to prove that a raw code can have multiple popular standards. Given enough time, network effects will always drive one standard to be more successful than others.

ChainCatcher news, Scroll co-founder Ye Zhang posted on the X platform: "Anyone can build a smart contract to airdrop tokens to those who deposit stETH/wstETH; what truly sets BLAST apart is the support it has received from renowned venture capitalists and influencers."Seeing experiments like BLAST is not a bad thing; it shows how much TVL you can achieve once L2 decides to fulfill airdrop expectations. Any L2 can do exactly the same thing, but this does not provide any real help in driving genuine growth and long-term network effects."