A recent community story is quite shocking: a developer emptied their newly issued MEME coin in 20 seconds, made $4,000, and then withdrew. Yet, they watched helplessly as the coin later skyrocketed to a $500 million market cap. In despair, they created 359 more coins trying to replicate the miracle, but all ended up losing everything. This is quite ironic—the core of MEME coin market gameplay: the allure of wealth effects is strong, but behind it all are random collisions and information asymmetry, with latecomers always ending up holding the bag.

However, beyond these highly volatile and noisy assets, there is another way for the crypto market to survive quietly. It doesn't rely on hype or emotions but operates through genuine protocols and financial models, providing participants with a steady and stable cash flow. This is the increasingly popular "real yield" track in DeFi—a blockchain ecosystem based on financial infrastructure rather than pure liquidity games.

If chasing MEME coins is like playing a psychological guessing game, participating in these stable yield projects is like running a continuous financial machine. It relies on real protocol revenues, lending interest, liquidation profits, and other diversified cash flows, rather than illusory narratives. This marks the maturity of DeFi—shifting from speculation to investment, from liquidity games to real assets.