#代币化趋势 Morgan Stanley's latest research report is here, and the core signal is very clear: this correction is not a winter, just a healthy rebound. ETF fund outflows, leverage liquidations, year-end liquidity tightening—these are all short-term factors. Structurally, there is no deterioration in crypto demand, and the tokenization trend is actually progressing steadily.

For us hobbyists, this is actually good news. Institutional interest has not decreased but increased, which means new project airdrops will continue to emerge, and the implementation of ecological applications will accelerate. When market sentiment fluctuates, it’s actually the most cost-effective time to interact—project teams are more willing to offer incentives to attract participation, allowing us to achieve more interactions at minimal cost.

The current strategy is simple: don’t be scared by short-term volatility, keep scanning the new project map, interact when needed, sign when required. When the wave of tokenization truly rises, those projects that are quietly participating now might be the source of the next wave of gains. Stay calm, keep taking action—this is the right way for hobbyists to get started.