This chart has given us a clear reassurance that the bull market of RH chain will not end here, and will once again rise to heights due to the influx of a large number of Devs/Teams. Why is RH chain more favored by Devs? I think there are several reasons: 1) RH's brokerage genes and crypto friendly attributes. Unlike institutions like Arc, which first build public chains and then cultivate ecosystems by finding users, RH Chain itself has over 20 million potential trading users, as well as supporting infrastructure such as trading platforms, wallets, and even Agentic Wallet. Developing projects on RH Chain has a clear growth path and ultimate destination, making it highly attractive to legitimate Devs ； 2) Although RH Chain has also experienced the launch site war and MEME chaos, there is always a main narrative around the "distribution" of tokenized stocks. Around this point, there are innovations in launch site pairing, AMM hooks for DEX, stock adaptation for new DeFi protocols, and so on. MEMEs are only a source of traffic, and the series of projects that have grown around the distribution of tokenized stocks are the goal. By extending the cycle, Devs can naturally settle down more effectively; 3) The scale of tokenized stocks on the RH chain is not large, compared to xStocks, bStocks, Ondo, etc. However, Vlad and AMC have made several hard moves, even including physical redemption and voting rights. It can be seen that the tokenized stock foundation on the RH chain is more stable, which is more conducive to some DeFi lending, index Agent、 The implementation of payment and other related application protocols is crucial, otherwise the growth of on chain protocols on a large scale will be unstable like a castle in the air;