#稳定币市场与基础设施 Seeing Solana co-founders predict that the stablecoin market will surpass $1 trillion by 2026, my first reaction isn't excitement but caution.

Over the past few years of navigating on-chain, I've seen too many promises of "trillion-dollar markets." The issue isn't whether stablecoins will grow—they clearly have demand and trends are real. The key is, during this process, how many projects are just riding the wave of "stablecoin infrastructure" to fleece investors, and how many people are blindly chasing FOMO.

My past mistakes have taught me one principle: the more a track is favored by big players, the more it becomes a hunting ground for whales. Expanding the stablecoin market to the trillion-dollar level indeed requires more infrastructure and participants, but it also means a lot of "pseudo-innovative" projects are trying to fish in troubled waters.

The most important thing is to learn how to identify people. Not everything claiming to be the "next-generation stablecoin" or "innovative infrastructure" is worth touching. Look at project lifecycle, team history, real use cases, and adoption rates—these hard indicators are far more valuable than shiny whitepapers.

Market growth is inevitable, but that’s not a reason for you to rush in. Those who survive long on-chain are often not chasing the hottest tracks, but knowing what to avoid.