Recently, the tariff policies triggered by international trade frictions have not only impacted export-oriented economies but also led to a reassessment of global dollar liquidity. Against this backdrop, the open financial systems built by Decentralized Finance (DeFi) and high-quality Layer 1 and Layer 2 Blockchain projects, due to their characteristic of decentralization, have attracted the attention of risk capital.

Currently, the supply of stablecoins on the blockchain network is beginning to show a trend of partial net inflows, which may indicate that funds are gradually warming up. It is worth noting that the seemingly contradictory phenomenon of 'price declines accompanied by fund inflows' is often an important precursor to a strong market rally.

The apparent price fluctuations are just a short-term phenomenon; what truly deserves attention is the continuous evolution of the underlying structure of the Blockchain. This structural change may indicate the future direction of development and provide investors with new perspectives for consideration.

As the market's understanding of Blockchain technology deepens, we may soon witness the next wave of liquidity explosion in on-chain ecosystems. This is reflected not only in mainstream cryptocurrencies but may also involve emerging Blockchain projects and tokens.

However, investors still need to be cautious, closely monitor market trends and project fundamentals, and pay attention to risk management while seizing opportunities. After all, in this rapidly evolving field, opportunities and challenges coexist.