Recently, I looked back at the progress of a leading project and found that it doesn't quite resemble the usual crypto narrative.

There’s no daily effort to stay in the spotlight, nor is there an urgency to release grand visions. Instead, it’s about engaging with institutions like the central bank, commercial banks, and clearinghouses one by one—aligning processes, finalizing compliance details, and pushing forward with implementation plans. To be honest, this kind of hard work isn’t very glamorous in a bull market, and it doesn’t generate much hype. But in terms of how much weight it truly carries in the real financial world, this is the most brain-intensive and valuable work.