
Yuyue|Mar 14, 2025 01:02
As mentioned before, it is best for BTC ecosystem projects to take advantage of Babylon's momentum to pull the market/TGE when BTC's narrative is paying attention. Seizing the timing of this window is much easier than doing things at other times - the so-called "leverage"
Obviously, Solv will come up with something this time. From the perspective of the market, it can be considered a relatively stable new coin in recent times. Although it sold well this time, I still managed to get around 20%. Let me review how I caught this coin:
The first thing is narrative. As the most financed project in the BTC ecosystem, Babylon's TGE is bound to receive attention from the entire market, which is also a good opportunity for BTC staking and the BTC ecosystem to obtain derivative fund overflow
Secondly, it is to assess the project timeline. Solv is considered a new coin, and since TGE, market attention has not been focused on BTCFi. Coupled with the previous FUD, the price has been consistently declining. However, considering the unlocked primary investment cost and its basic situation of only a few million circulating market value, there is also a probability of taking advantage of the situation to create a market trend
Finally, whether the project team still wants to work hard or not, if they are still working on actual product changes and updating the roadmap of the protocol layer, it can be judged that they are still working hard. What will happen to BTCFi after the positive news of Babylon's coin issuance, as Solv was once Babylon's largest LST protocol, is implemented? This is a question that all LST projects of BTCFi need to consider
From the recent developments of Solv Protocol, such as "The Actual Empowerment of SolvBTC.BNB" and "BTC Reserve Issuance", it can be seen that the project team is indeed exploring directions. The BTC Reserve Issuance BRO raised $10M worth of BTC, which can be considered a good place for pledging funds that are still being voted on with their feet
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