Following Babylon, I would like to summarize my views on BTC Eco - overestimating the short-term popularity and underestimating the long-term potential.

The current way of playing BTC is that BTC big players and project parties form a syndicate of funds. Many people complain that this model is unsustainable. It is unknown when the points of the public chain will be redeemed. I heard that Benmo
@Super4DeFi
has given up this way of playing and would rather conduct arbitrage within the exchange. But for the project party, this is actually a defense strategy with no choice. After monopolizing funds, there is bargaining power to negotiate yield feedback to users with other public chains. This kind of fund monopoly forms a moat, hoping to wait until BTCfi rises. Just like the various subsidy wars in web2 back then, the subsidies came from airdrops from other public chains. Occupying the supply side and waiting for the next wave of hype, funds are their only grip.