It seems that it's indeed a bear, even I haven't tweeted for a week. Just opened the computer and what I saw was: On one hand, the trading volume of PERpDEX is skyrocketing, while on the other hand, there are rumors of layoffs in centralized exchanges. It is indeed quite fragmented. It can only be said that when the exchange starts talking about human efficiency, it indicates that the growth is likely to be at a loss and can only find solutions from a cost perspective When the market is good, everyone still has food to eat. Once it turns bad, those with low value are the targets of optimization. But I think the market is actually just a catalyst. The times have changed, and the overall competitiveness of CEX has weakened, with asset issuance and liquidity dividends decreasing. If the operation cannot be truly refined, understanding the real needs of users, and using simple and crude methods such as buying public relations articles and traffic, like the industry's printing press, it may also be eliminated by history.