Every time you lose confidence in the market, you will find someone suddenly emerge who has made hundreds or thousands of times more money because of something you have never heard of - this is the charm brought by blockchain, and it is also a unique characteristic of our industry. How many people have been brought into this circle by this myth of wealth? For example, Uniswap v4, which has recently been rediscovered by the market. V4 was launched at the beginning of this year, but initially attracted limited attention. It's not changing the interface, not the transaction fee. But it's a very low-level thing: Previously, when you exchanged coins on Uniswap, it ended immediately. The action of exchanging coins now can trigger any code written by anyone at the same time. This' code written by anyone 'is officially called Hooks. It can be understood as Uniswap transforming from a currency exchange tool to a platform where plugins can be installed. Three explosive projects with completely different gameplay, simply break down the underlying principles and logic. Sato relies on the belief of fair launch that 'no one can control it', ❷ uPEG relies on a name that was rejected by Vitalik 8 years ago and the novelty of generating images on the chain ❸ Slonks relies on the twisted version of CryptoPunks and the NFT old player sentiment of destruction upgrade. But they can run using the same underlying logic: In v4, the coin exchange action can trigger any code. Different people have stuffed different stories into this hole. This is what the market is truly promoting. Hooks is open enough that DeFi geeks, NFT players, and meme hunters can all find their own narratives within it. The attention of multiple circles is focused on the same underlying protocol, which has a bit of the flavor of Defi Summer's early days. There is one aspect that cannot be ignored - Hooks are completely open and anyone can write them, which also means that someone may write malicious code: abnormally high transaction fees, locked liquidity, and inability to enter or exit. However, it is still important to pay attention to: ① Don't randomly enter unfamiliar pools, only use Hooks projects with reliable sources ② Do not easily FOMO the top trending items The stories of sato/uPEG/Slonks demonstrate that v4 can run things out of their own space, and I won't judge for you. If you are still interested in this narrative, you can check http://(hookrank. io) or manually monitor it yourself.