The distribution of chips in DEX projects has always been a topic that cannot be avoided. Under normal circumstances, developers hold 26% of the chips, which is actually a risk signal. But there is still a continuous influx of funds, what is the driving force behind this? Is it market enthusiasm or is there a deeper logic? To be honest, I don't quite understand. Instead of blindly following the trend, it's better to observe and wait. These types of projects often experience intense volatility in the early stages, and DEX with overly concentrated chips should be approached with caution. Rather than trying to buy the dip, it's better to wait; it’s not too late to make a decision once market sentiment stabilizes. Risk always comes first.