Why is the lifecycle of the high-performance public chain born in this cycle so short, like a flash in the pan? My answer is: the moat is missing. This public chain moat is not about financing, technology, or the diversity of the ecosystem, but about the originality and oligopoly of the ecosystem. The importance of an innovative and highly oligopolistic ecological protocol for public chains is self-evident. The veteran public chains have submitted a perfect answer sheet, with @ polana's @ pumpdotfun, @ 0xPolygon's @ Polymarket, @ NEARProtocol's @ near_intents and other competing brands. At that time, another old high-performance L1 chain that spanned two bull bear cycles, @ injective, was also quietly making efforts. Recently, there have been significant data fluctuations on the Injective blockchain, with a surge in RWA perk trading volume. The weekly cumulative trading volume has exceeded $100 million, an increase of 1400% compared to the beginning of the year. All of this is inseparable from the ace protocol of @ Injective - @ HelixMarkets <Helix: Injective's Core Ecosystem> @HelixMarkets is the leading PERP DEX on the @ Injective chain, with TVL occupying half of the TVL market on the Injective chain. Helix has made many innovations on the basis of traditional PERP DEX: 1. Adopting zero collateral ratio significantly improves capital efficiency; 2/Real time liquidity and Injective full network level liquidity depth; RWA assets have programmable composability: they can be applied to diversified scenarios such as leveraged margin, re pledging, etc The implementation of the above innovative functions cannot be separated from the comprehensive modular development components iAsset and Liquidity Availability framework of Injective. Reflected in the data, Helix perk's 7-day trading volume reached $620 million, with a monthly cumulative trading volume of up to $2.46 billion. Insert an advertisement: If you want to experience Helix's ultra-low latency and smooth PERP trading, if you don't mind, you can follow my invitation link. If you mind, just ignore it: https://(helixapp.com)/ref/CRYPTOYYY <Injective Strategic Orientation> Besides Helix, the alpha opportunities of other ecological dapps on the @ Injective chain are also worth paying attention to, which is closely related to the strategic orientation of the Injective public chain level. The focus of Injective's future ecological development is "Programmable RWA", also known as iAssets, aimed at achieving dynamic liquidity allocation, position based risk exposure, and cross market portfolio. To put it simply, we should make every effort to improve the efficiency of asset allocation. Based on the iAssets mechanism, a series of innovative derivatives have emerged on the Injective chain, such as the recently launched global first NVIDIA H100 GPU rental rate product, which tokenizes GPU prices; Tokenized fund products such as BlackRock Money Market Fund and Hamilton Lane Credit Fund are on chain. In summary, the launch of iAssets has opened the door for @ injective to connect to TradeFi. @Helix Markets is a market that undertakes a huge amount of TradeFi assets, which is also the moat of Injective.