Snowball（抓住金狗版）🔶 BNB ETHGas ⛽️ 🤖ボッ🦅

When I saw this news, my first reaction was: what a pity. The reason is simple: some projects have been carried away by traffic, and this is not something they did themselves, but rather something the outside world brought to them. For example, WLFI. When people mention WLFI, the first thing that comes to mind is: "political labels", "celebrity effect", and "Trump family connection" - all superficial things. Nobody cares about the deeper product-level aspects: things like protocol revenue, stablecoin product layout, stablecoin growth, and exchange distribution that people in the industry usually care about. I summarized the income sources of these 15 projects. $HYPE's strength comes from Hyperliquid's trading revenue, $PUMP's valuation comes from pump's token issuance and trading demand, $CAKE, $UNI, and $RAY are backed by DEX trading volume, $AAVE is lending revenue, $LDO and $ETHFI are staking and re-staking asset management, and $SKY is stablecoin and interest rate system. These projects have one thing in common: user behavior can be converted into protocol revenue. So when WLFI appears in the protocol revenue leader category, people should start looking at it with new eyes. Because its significance is no longer just "someone buying this coin", but rather it needs to be evaluated in the context of "on-chain business models". The market and analysis cannot price WLFI solely based on emotions and marketing, but must start pricing it based on revenue, growth, user scale, and ecosystem expansion. In fact, this is the case: WLFI, whether in terms of USD1 stablecoin growth rate or protocol revenue, has already surpassed many old projects. This is the key to WLFI and USD1 having the potential to become core mainstream assets. Of course, the above is just one reason, and a project's success is composed of many factors. Directly on the graph, clear and transparent. Why do I say WLFI has the potential to become a mainstream asset? The key point is: it has traffic, but it's not just about traffic; it has narrative, but it's moving towards revenue; it has political attention, but more importantly, it's building a stablecoin and multi-chain financial distribution network. When a project has all the characteristics of traffic, resources, products, revenue, data, timing, location, and people, the key to taking off is no longer about what to do, but when to become the "leader". Looking forward to it.