Is this narrative just hype or is it genuine? Around this question, there are always two camps in the market. One side believes that the current popular narrative is overhyped and lacks substantial support; the other insists that it is a real trend worth paying attention to. The key issue is: data speaks. By looking at on-chain activity, trading volume, and ecosystem engagement metrics, you can determine whether this is just a castle in the air or backed by real value. Market narratives are often overestimated or underestimated—few can catch the rhythm right away.