This project has recently entered a prolonged sideways trading phase, but from a long-term perspective, there are still some noteworthy aspects.

Currently, in the crypto industry, the proportion of stablecoins is indeed quite high. This project is building a public chain ecosystem based on stablecoins, which is relatively rare in the entire market and there is indeed demand for it. However, from a practical standpoint, the project's market capitalization performance has not been very impressive.

As an L1 public chain, it is not lacking in endorsements or application demand. The problem is that when the overall market sentiment is not very optimistic, even with these advantages, the project tends to remain lukewarm. This is influenced by market cycles, but it also makes it a bit hard to see the clear path forward.

But what truly determines the future is the team's upcoming planning and execution. As long as the direction is correct, there will always be opportunities. So I personally remain optimistic about its long-term potential.