我在区块链领域摸爬滚打多年，从最早的矿机挖矿，到深度参与以太坊上各类 DeFi 协议——流动性挖矿、借贷套利、LP 做市、链上治理——几乎每一个主流赛道都留下过我的足迹，也留下过一些让我刻骨铭心的教训。

这些年我见过太多「市场宣传文章」和「人云亦云的分析」。一个项目上线，朋友圈和推特全是溢美之词；一轮暴跌，又是一堆互相抄袭的唱衰内容。真正有价值的深度研究少之又少。大多数所谓分析，不过是把官方白皮书翻译一遍，或者重复一遍价格涨跌——这对真正想做决策的投资者来说，没有任何帮助。

更让我感到忧虑的是：Web3 市场良莠不齐的程度远超传统金融市场。有真正用区块链解决问题的优质项目，也有大量用叙事包装骗局的「发币机器」。两者在表面上几乎没有区别——都有华丽的白皮书、光鲜的路线图和热闹的社区运营。普通散户根本没有足够的时间和工具去辨别真伪。

所以我创建了「韭菜说」。不是为了蹭热度，也不是为了引流带单，而是认真做一件事：用链上数据说话，对每一个值得深入研究的 Web3 项目进行彻底的基本面分析。拆解代币经济学，追踪链上资金流向，找出庄家吸筹和出货的蛛丝马迹，评估估值是否合理——把那些埋在区块链浩瀚数据里的真相挖掘出来，用普通人能看懂的语言讲清楚。

我没有任何代币推广合作，不接受项目方赞助，所有分析完全独立。如果一个项目有问题，我会直接说；如果一个项目值得关注，我也不会吝啬溢美之词。这里只有数据和逻辑，没有立场和利益。

I've been deep in the blockchain space for years — from early GPU mining to actively participating in Ethereum DeFi protocols: yield farming, lending arbitrage, LP market-making, on-chain governance. I've left footprints across virtually every major sector, and picked up some painful lessons along the way.

Over the years I've seen far too many marketing pieces disguised as research and echo-chamber "analysis". A project launches, and social media floods with praise. The moment it dumps, a wave of copycat bearish takes appears. Genuinely deep, independent research is vanishingly rare. Most so-called analysis is just a repackaged whitepaper or a commentary on price action — useless for anyone actually trying to make an informed decision.

What concerns me even more is that the Web3 market is far more uneven in quality than traditional finance. There are legitimate projects genuinely solving problems with blockchain, and there are sophisticated scam machines dressed up in compelling narratives. From the outside, they're nearly indistinguishable — polished whitepapers, glossy roadmaps, active community management. Retail investors simply don't have the time or tools to tell them apart.

That's why I started Leek Talk (韭菜说). Not to chase trends, not to shill tokens — but to do one thing seriously: let on-chain data speak, and conduct rigorous fundamental analysis on every Web3 project worth examining. Deconstruct tokenomics, trace fund flows on-chain, find evidence of accumulation and distribution, assess whether valuations are justified — dig out the truth buried in blockchain data and explain it in plain language.

I have no token promotion deals, accept no project sponsorships, and all analysis is fully independent. If a project has problems, I'll say so directly. If a project deserves attention, I won't hold back on saying that either. Only data and logic here — no agenda, no conflicts of interest.