Lately, I've been watching NFT liquidity, and I feel like the floor price isn't that important anymore; what's more important is whether there are people willing to buy below the floor, whether there are real deposit and withdrawal signals. Royalties are also quite awkward: if you collect them, trading becomes colder; if you don't, the narrative relies entirely on the community's support, and creators also feel uncomfortable. To put it simply, when things are lively, everyone can tell stories; when it cools down, only the on-chain transactions are telling the truth. By the way, I see retail investors complaining again about validators taking too much and MEV front-running being unfair... I understand, trading is already thin, and even small frictions can scare away liquidity. Anyway, I now look at wallet behavior first when analyzing the market—whether permissions are messy, whether funds are circulating within the same set of addresses—this is more reliable than listening to someone shouting "Consensus is back."