In the end, it's still about each side playing to their strengths. Leading exchanges inherently control huge traffic and trading depth, with their natural platform advantages being undeniable.

The key is how they allocate these resources. One side vigorously promotes their own public chain ecosystem, while remaining indifferent to competitors' public chains — this is a strategy. If there were no wallet products requiring compatibility with multiple chains, they might only promote their own public chain.

Ultimately, it's all a business game. On the surface, it's a competition of technology and ecosystems, but essentially it's about balancing the books: whether the investment and output can form a positive cycle, and whether users can truly make money. Only projects that genuinely enable traders to profit can survive in this war.