Seeing @MetaMask drop from 84% market share in '23 to just 15% now is pretty emotional. A few years ago, I personally couldn’t stand the user experience of the little fox and switched to @wallet and @Rabby_io. In my opinion, wallets are no longer just simple asset management tools—they now have a role similar to Web2 browsers. Wallets directly capture order flow, distribute it to block builders and searchers, and monetize the traffic. At the same time, wallets are also powerful distribution channels with strong bargaining power. By integrating cross-chain bridges, built-in DEXs, and third-party services like Staking, they’ve become the go-to entry point for users to access other applications. In this sense, wallets hold the keys to order flow and traffic distribution, making them the first gateway to user relationships. The industry has entered a stage of competing on distribution and operations, and Chinese teams have a natural advantage in this type of product.