Understand the new crypto trend from the sky-high opening of $WLFI

Written by: Haotian

Based on the concept of the Trump family alone, the circulating market value of @worldlibertyfi has reached $7B. With almost no reliable ecological project support, its market expectations surpass that of many Crypto Native blue-chip protocols such as AAVE, Uniswap, Ethena, and Pendle. Tell Me Why？ The answer is clear: the current trend of building in the crypto industry has completely changed, and I will share some observations:

1) To Wall Street institutions, the popularity of a new narrative of Wall Street DATs has overshadowed many previous technical narratives such as layer2, BTCFi, and ZK.

2) Focusing on capital efficiency, the market no longer focuses on the TPS arms race and superficial TVL shows, but begins to focus on how to generate more yield returns with limited funds.

For example, @Dolomite_io's liquidity multiplexing, @MitosisOrg's programmable liquidity innovation, @apr_labs's MEV value capture, and high-...

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