Let me briefly talk about the core logic of @Vanarchain , which we can dissect from the valuation anchor point.

The design of its fixed rate makes on-chain revenue more predictable in terms of charging models, and the key lies in the actual implementation of real payment demand.

The judgment dimensions are clear and easy to understand: Can the scale of on-chain transaction fees achieve sustained growth? Is the revenue structure relatively dispersed, or does it rely on a few contracts for support?

Looking at the staking side, the core game point lies in the selling pressure brought about by new issuance, and the buying power formed by the return of transaction fees, which is stronger or weaker? The core consideration of ecological subsidies is whether each investment can effectively translate into user retention and repurchase behavior.

If real payment demand cannot be solidified, no matter how hot the narrative or how noisy the hype, it ultimately amounts to nothing more than a fleeting moment of excitement.

#Vanar $VANRY