With the shutdown of Noxa, the current buzz on the RH chain mainly revolves around application tokens. One category focuses on RWA/AI themes, like INDEX and STONKBROKER, while another centers on launchpad themes, such as PONS. Previously mentioned @ArrowFinanceio is also about to launch its own launchpad, ArrowPad, tentatively scheduled to go live on Monday (Eastern Time). Based on the articles released by the team, they seem more inclined to attract high-quality projects and developers. Additionally, the Alpha 0.1 testing phase of Arrow CDP went live on the 16th and hit its quota limit within 24 hours. As the smart contract audits are completed, the quota will gradually increase, and the range of supported collateral will expand. The competition among launchpads on the RH chain is still quite intense. Let’s see if Arrow can carve out its niche in the ecosystem and, together with other upcoming DeFi product suites, build a comprehensive on-chain financial ecosystem.