#加密资产监管 Seeing the news that Solana ecosystem startups have surpassed 100 million in revenue, my first reaction is not excitement, but to recall the stories of many investor friends.

A thriving ecosystem is indeed a good sign, but this is also the moment we need to stay alert. Whenever a certain track becomes popular, a large amount of capital will flood in, and the most likely to encounter issues are often those participants who have not managed risks well.

I want to especially remind everyone: when you see ecosystem expansion accelerating and financing scales increasing, do not let this "sense of prosperity" dilute your focus on safety. Although the regulatory environment in the crypto space is becoming clearer, the risks have not decreased—in fact, we need to be more cautious.

At this stage, instead of chasing ecosystem hype, it’s better to do three things: First, define your position limits and avoid over-leveraging just because you are optimistic about the ecosystem; second, continuously pay attention to audit reports and security certifications of relevant projects; third, leave yourself enough liquidity buffers.

In the long run, a good ecosystem is worth paying attention to, but good returns often come from investors who are both willing to invest and know how to protect themselves. Managing expectations well is the key to surviving more comfortably through cycles.