Is the real Web3 not on the chain, but in the stock market? Circle has risen to this level, and it is estimated that many people in the cryptocurrency circle have fallen short. The US stock market, Hong Kong stock market, and even A-shares are all talking about Web3 narrative. But what's interesting is that the US stock market is crazily talking about the stablecoin narrative, while Hong Kong stocks and big A-shares are even more enthusiastic about various RWA narratives besides stablecoins, as if Web3 is the last straw to save traditional finance. Only us players in the cryptocurrency industry can watch our half dead knockoff coins in our hands, greeting the project parties who have not released their coins for a long time every day, watching the people in the stock market crazily blowing Web3 narratives, while self doubting: Damn it, is it really me who don't understand Web3??