What are the most common pitfalls retail investors fall into in the public chain ecosystem? It’s mainly following the trend to buy, or betting without understanding the project logic. Instead of getting cut, it’s better to first understand the underlying profit logic of public chains—simply put, these are the dimensions of ecosystem applications, Gas fee revenue, and token appreciation.

Currently, people choosing coins are struggling with one question: Can mainstream public chains like SOL and ETH still be invested in? Do emerging projects have a chance? Getting this question right is the key to catching the next wave of market trends. The former has the advantage of stable fundamentals and a deep ecosystem, while the latter benefits from innovation dividends. The key is to consider your own risk appetite and holding cycle.

In fact, analyzing public chains mainly involves a few indicators—trading volume, developer activity, number of ecosystem applications, and tokenomics design. Some tokens reveal their ceiling from their fundamentals, while others hide underestimated potential. Learning this methodology is much more reliable than blindly copying others.