Hype's development over the past year has revealed real-world scenarios and demands for Perp (OI data doesn't lie). The team's overall technology, efficiency, and actions are undoubtedly among the top in the crypto. However, individuals or teams cannot defy cycles and trends; price declines are normal. As long as Hype survives, Aster will survive. The better Hype performs, the less Binance can afford to abandon Aster. With Binance's resources, Aster retains data from scalpers through large seasonal rewards and buybacks/burns. We even spent over 10 million in fees on Aster. But returning to the question, what about those who haven't TGEed? In the current market, do they dare to TGE? Will anyone buy? After TGEing, can they retain users? Do they have buyback/burn mechanisms and the willingness to maintain the price? Will they become the next L2 cryptocurrencies?

Referring to the "Hundred Group Buying Wars," which initially involved hundreds of group buying companies, ultimately only two needed to survive.