In the past two months, meme projects on BSC have indeed been emerging one after another. The afterglow of the October wave is still lingering, and it feels like a new cycle of narratives is about to begin.

However, speaking of which, everyone's understanding of privacy chains seems a bit stereotypical—always thinking that privacy must hide in the "gray area," and that compliance must eliminate privacy features; the two are inevitably opposed. But this is truly a false proposition.

Some projects have a different approach. They are proving one thing: privacy can be a default feature, and compliance does not have to be sacrificed; both can run simultaneously. Especially as RWA assets are gradually being onboarded, this kind of technical design may be more valuable than short-term hype narratives. Breaking the zero-sum game is the key to long-term competitiveness.