Recently, the focus of the Crypto Assets market has undoubtedly been on WLFI. From Token unlocks to a surge in volume, and heated discussions in the community, WLFI has become a new favorite in the stablecoin sector. On-chain data shows that the daily trading volume of USD1 exceeded 300 million USD when it debuted, highlighting its strong short-term appeal.

However, relying solely on a brief surge in popularity is not enough to ensure the long-term success of a project. What truly deserves investors' contemplation is whether this craze can be transformed into lasting value?

In the crypto market, short-term trends are often driven by emotions. The issuance and unlocking of new assets can stimulate trading enthusiasm, while community discussions and market topics can amplify the flow effect. The rise of WLFI aligns with this pattern. However, historical experience in the market tells us that emotions will eventually cool down, and only assets that can integrate into the long-term capital cycle can withstand the test of time.

Looking back at the development trajectory of stablecoins: USDT and USDC have become the market infrastructure due to their wide trading pair demand and strong lending ecosystem; DAI has maintained its long-term viability through the closed-loop model of MakerDAO; while UST collapsed rapidly in market panic due to a lack of substantial lending support.

These cases clearly demonstrate that without a strong lending market as a backing, the narrative of stablecoins is difficult to translate into long-term value.

In this regard, the importance of the Dolomite platform cannot be overlooked. It supports over 1,000 assets, allowing emerging assets to access the ecosystem more quickly; its unique mechanism allows collateralized assets to continue earning staking rewards and governance rights, effectively reducing users' opportunity costs; and its layered clearing risk control mechanism ensures that volatile assets do not pose a threat to the overall system.

Whether WLFI can continue its initial brilliance largely depends on its ability to establish a robust lending ecosystem and achieve a sustainable value cycle with the support of platforms like Dolomite. While investors pay attention to short-term trends, they should focus more on WLFI's progress in ecosystem development and the expansion of practical application scenarios.