Speaking of the current on-chain temperature, the most appropriate analogy is like taking a warm bath in winter — it can barely warm your body, but it's still far from truly comfortable, let alone the experience of soaking in a hot spring.

The fundamental reason is quite straightforward: the entire market lacks new narrative momentum. Without enough compelling storylines, it's naturally difficult to sustain much heat.

Taking Solana as an example, this wave of market activity is also caught in the trap of artificial prosperity. The big whales are indeed pulling strongly, but precisely because of this, aside from high-level market manipulation and community building, other participants find it hard to identify genuine growth signals. To put it plainly, it's just the same old tricks being repeated.

The true elements of on-chain activity need to return to innovative applications and ecological support, rather than just superficial hype driven by capital. What we are facing now is the anticipation of the next wave of truly imaginative narratives.