Recently had a chat with friends about the current state of various industries and realized that many people feel things are tough—some even say *“extremely tough.”* Certain industries are facing waves of closures; some businesses work hard all year but struggle to maintain even basic profitability. One friend sighed: *Where are the opportunities to make money? Who’s actually winning in this game?* But what struck me most was another phenomenon my friend mentioned: Web3 is growing against the tide, with an astonishing momentum. Why? Because we’re witnessing an unprecedented migration of assets—from traditional industries to on-chain assets. When money can no longer be made in the industries we’re familiar with, it doesn’t mean that wealth has disappeared; it’s simply moved elsewhere. This migration has injected massive liquidity, much like the dividends of the infrastructure boom in the past. Right now, the most profitable players are all frantically building infrastructure—wallets, exchanges, public chains, stablecoins, and more are the “new infrastructure.” And this infrastructure explosion is creating opportunities for early entrants to earn returns far beyond those in traditional industries. For example, my friend mentioned that the annualized return on traditional businesses might be 10%-15%, or even lower, but some stablecoin investment products in the Web3 ecosystem easily surpass that. Many people are shocked when they hear this: *Why are the returns so high?* The answer is simple: aggressive project subsidies, liquidity shortages, and rapid ecosystem expansion have created this unique window of opportunity. What’s more important is that this is just the beginning. Over the next 10 years, it’s estimated that no less than 100 trillion RMB worth of assets will gradually move on-chain. This means the opportunities will keep growing. The opportunities in Web3 have never been just about “speculating on coins.” It’s a new logic for wealth distribution and a long-term reshaping of traditional industries. What’s your take on this migration-driven dividend? Share your thoughts in the comments below!