Can BitcoinFi Projects perform well away from the chain?
Most projects just need a stepping stone for their project to strive higher, and most times BTC is their way in; Bitcoin is already the dominant token, so typically everyone wants to relate with its community.
We've seen past trends of the L1 blockchain tokens, including both the BTC liquid staking protocol tokens and how well they have done. seeing Bitlight labs ($LIGHT); valued at $170 million, which is incredibly undervalued for a BitcoinFi project, with a maximum supply of only 420,000,000 LIGHT, that's good from a distance.
According to the white paper, it focuses on bridging these technologies to enable seamless asset issuance, transfers, and DeFi applications directly on Bitcoin, without relying on bridges or sidechains, thereby preserving Bitcoin's security and sovereignty while unlocking its potential for stablecoins, tokens, and programmable money.
I've already seen CEX platforms like Binance announce the listing and also bitget will be listing this token with a campaign of $840k and $336k in both launchpool and candybomb events. Would this token be amongst the 50x coin in October?
