#Layer-1网络发展 Seeing the debate between Arthur Hayes and Monad co-founder Keone Hon, I can't help but feel the fierce competition in the Layer-1 network arena. Hayes' view is somewhat radical, but not without reason. Unlocking all tokens can indeed quickly assess a project's true value, but the risks are too high, and few projects dare to try. However, if Monad can really achieve this, it might break the norms and attract users with its technical advantages. As a follower, I will closely monitor Monad's developments to see if it can truly challenge Ethereum and Solana. At the same time, I also remind everyone to be especially cautious of projects with high FDV and low circulation; proper risk management is the key.