Noticed that $ICP has gone up, and many "hindsight" analyses have emerged explaining its rise: 1) ICP's technology has long been misunderstood. The product capabilities demonstrated by @caffeineai have led to the recognition of its overall technical architecture's value. Yes, but not entirely. If the market is paying for technology, then ICP's nuclear-level technical strength is only the tip of the iceberg, and it's beyond what the current native crypto technology ecosystem can handle. 2) The DFINITY 2.0 strategy proposed by founder @dominic_w, which focuses on building a large-scale infrastructure for AI-native cloud services, has attracted a lot of external capital. This is because it's comparable to traditional US tech giants like AWS, possibly aligning with external valuation logic. Yes, but not entirely. From a crypto-native perspective, the core logic driving this round of ICP's rise — the reason ICP has been propelled onto the风口 (trend) — can be summarized in two points: 1) The market has grown tired of the false prosperity in the field of crypto that lacks real-world application. ICP's solid infrastructure and potential for a surge in no-code applications have given the market a sense of imagination regarding filling the gap in application development. 2) The paid small business model connected through x402 provides ICP with an excellent opportunity for a complete commercial loop. Many people are skeptical about ICP's free user-end business model, which seems to hinder the activity of developers in building applications. However, isn't caffeine's low-cost application development singularity plus x402's seamless automatic payment capability precisely the powerful tools that break through this possibility? In summary: ICP's short-term rise is related to its technology being buried under snow and the big AI strategy, but the more significant reason is that its "free application + paid service" model, similar to a mature web2 business model, has managed to break through the crypto dilemma.