The market is quite boring, let's take a simple outlook. #25.6.8 1. PayFi The previous tweet said that $TRX is the real leader in the PayFi narrative. This is beyond doubt. I previously naively thought that Solana and ETH Layer 2, with their fast speeds and lower fees, could potentially capture some of Tron’s market share. But after reviewing a series of materials, I realized that Tron's fundamental base lies in the adoption of USDT by gray market addresses. Other public chains find it hard to get a piece of this pie—first, Tron is very stable, and second, there is user inertia. Currently, the only potential threat is $TON, but it still falls short. $TRX also has a USD1 narrative, but it’s still unclear when USD1 will be deployed on Tron. The two tickers involved here are $TRX and $JST. 2. Twitter Narrative The origin of this thought came from seeing the collaboration between Twitter and Polymarket, which made me wonder if there will be large-scale speculation on related concepts in the future—specifically, those projects that can collaborate with Twitter or utilize the Twitter API. I think the probability is quite high. The narrative's starting point might be after the deep integration of Polymarket products with Twitter products. The specific timeline for clear speculation might still take a long time to emerge. 3. AI & Robot, RWA narratives don’t have any new ideas; I’ll update if I do.