There's an interesting phenomenon. Every time the market declines, most people are thinking about cutting losses, but in some project communities, they are discussing technical details—like "zero-knowledge proof verification."

This contrast is worth pondering. When panic engulfs the entire market, what are the real brains still working on? They are still improving the underlying infrastructure.

Take a recent technical upgrade as an example. A leading Oracle project made a key improvement: shifting the trust model of on-chain data from "relying on the honesty of the majority participants" to "only trusting mathematical verification." It sounds abstract, but the actual effect is very straightforward—asset price data on Bitcoin's layer 2 network can achieve near-zero latency and is extremely difficult to manipulate artificially. This is becoming an indispensable infrastructure in the entire ecosystem.

Even more impressive is its token economic design. Most projects issue tokens with ongoing inflation pressure, but this project does the opposite—every time there is data call and verification, the system automatically burns some tokens. During market panic and frequent trading, this deflationary burning actually intensifies. It effectively turns cyclical risk into a long-term tightening mechanism.

Here's some data: during this wave of sharp decline, the project's developer activity increased by 40% against the trend. What does this indicate? Smart and capable teams are quietly laying out the core infrastructure for the next cycle under the cover of market panic. They are not primarily debating whether prices will rise or fall tomorrow, but how to "move" more traditional assets onto the blockchain.

Next time the market panics, try looking at it from a different angle. Seek out voices discussing technical iterations—those often hide real investment signals. When the tide recedes, you'll be able to see clearly who is swimming naked and who is quietly upgrading their competitiveness.