Monad exceeded my expectations; I don't think it's undervalued. Coinbase hesitated at the last moment and ultimately didn't participate in the new listing, and when it opened, it broke below the issue price without any buy-in. My only expectation for this project is that Coinbase's first new listing project might not look too bad. Returning to the project itself, the high-performance chain space is already extremely saturated, with the entire market experiencing severe overcapacity in infrastructure and lacking applications. In the future, there will be fewer and fewer useful chains.