According to BlockBeats, on August 6, Forbes' real-time billionaires list showed that Justin Sun's net worth of $8.5 billion surpassed Wang Jianlin's $4.4 billion.

Justin Sun responded, "There's no ripple, only a wake-up call. Wang Jianlin was once a god of change, just as I was once an unbelievable young man. The cruelest thing about changing trends is that those at the top are always the last to realize it."

So if a young person were to say something to me today that I don't understand, or even something I'd like to laugh at, I'd hardly have the same confidence as Wang Sicong. I'd offer them a cup of tea and listen to them talk about their world. Because arrogance is always the first asset to be liquidated. We can never predict the future, but trusting young people is never a bad thing.

In 2019, after Justin Sun won the bid for a charity lunch with Warren Buffett for approximately 31.54 million yuan, Wang Sicong forwarded a related article on his WeChat Moments with a sarcastic caption.

According to BlockBeats, on August 6, Uniswap founder Hayden Adams addressed community concerns by stating that the 1% liquidity pool fee rate used by some token issuance platforms, equivalent to approximately 2% bid-ask spread, is their primary revenue extraction method. This not only increases costs for traders but also leads to the initial liquidity pool becoming inefficient as the token size increases.

He believes that Uniswap's self-built pools.trade, with its 0.25% fee and automatic reinvestment of transaction fees, is more conducive to long-term liquidity, while the LPs of the issuing platform usually come from zero-cost locked assets and do not have the price risk that requires high fee compensation.