I think the TVL has entered a stage where it doesn’t generate as much buzz as before. Not because the market changed suddenly, but after so many cycles, I've seen the same scenario repeat quite clearly. People are talking about BTCfi, they’re discussing the influx of capital into the ecosystem, the asset growth rate, and some impressive expansion numbers. But then after a while, when you strip away the narrative, what remains is often the question of whether these activities can continue to exist if the financial incentives gradually weaken. That’s not a new issue and it’s something I’ve always felt uneasy about with DeFi.
At least from my perspective, the toughest challenge has never been to make TVL higher. The much harder puzzle is figuring out how real demand can persist even when the incentives disappear. That’s why I started paying attention to @Bedrock . What’s noteworthy isn’t their attempt to boost TVL, but their shift in focus towards building infrastructure to enhance BTC’s application capabilities. If you look at it that way, this is an effort to tackle a more fundamental problem rather than just optimizing the numbers displayed on the interface.
Sounds reasonable. But every narrative can seem logical on paper. A pretty whitepaper doesn’t create usage. An ambitious roadmap doesn’t guarantee that users will stick around. Ultimately, what matters is not the TVL, but whether the product will still be used when the incentive mechanisms are no longer appealing enough. That’s the real test every project must face.
#Bedrock is heading in a very impressive direction. I’m still keeping an eye on $BR .
At least from my perspective, the toughest challenge has never been to make TVL higher. The much harder puzzle is figuring out how real demand can persist even when the incentives disappear. That’s why I started paying attention to @Bedrock . What’s noteworthy isn’t their attempt to boost TVL, but their shift in focus towards building infrastructure to enhance BTC’s application capabilities. If you look at it that way, this is an effort to tackle a more fundamental problem rather than just optimizing the numbers displayed on the interface.
Sounds reasonable. But every narrative can seem logical on paper. A pretty whitepaper doesn’t create usage. An ambitious roadmap doesn’t guarantee that users will stick around. Ultimately, what matters is not the TVL, but whether the product will still be used when the incentive mechanisms are no longer appealing enough. That’s the real test every project must face.
#Bedrock is heading in a very impressive direction. I’m still keeping an eye on $BR .