Ordi’s market value will definitely be surpassed, and the BTC ecological upper limit is not limited to memes Ordi has made the BTC ecosystem popular. As the No. 1 mint and No. 1 major exchange target, Ordi enjoys first-mover liquidity and leading market capitalization (around $500 million). Therefore, most of the leading inscriptions and projects in the subdivision direction are The market value of ordi is used as the benchmark ceiling, and 1/10-1/5 ($5000-10000w) becomes a strong resistance level for the increase in market value; For example $rats, nostrassets' $treat $trick, atomicals' $atom, ethscription's -202320 23202320232023-4-, $trac issued by Benny, etc., all have market values ​​of $5000-10000w will be blocked; Figure 1 is from @zad1130 (by the way, I want to ask why the boss’s chart is not updated) This is why many people say that the market value of the leading Ordi needs to be enlarged before the overall space of the Bitcoin ecosystem can be opened up; however, this is only applicable to the early stage when the overall ecology is lacking in narrative and meme-dominated, and on the segmented track. No matter how good the product narrative is, it is just a meme, and the first ordi card position is very good and has a natural advantage, and it will naturally become the basis for the valuation and benchmarking of other projects; However, as the narrative of the overall ecology becomes stronger, the market begins to gradually pay attention to the implementation of applications and infrastructure, such as oracles, DeFi, metaverse, second layer, etc. The focus is no longer on meme first, but on matching the head ordi according to the narrative of meme. The target is naturally inappropriate; therefore, in the future, the market value of BTC ecological projects in the infrastructure or application layer will definitely exceed ordi [in stages], which can also open up the narrative space of the entire ecology in disguise. If one exceeds, there will be a second one. The third... a hundred flowers bloom; Saying so much is not not to be optimistic about Ordi, but the subsequent development of DeFi will first start from the Ordinals ecology, based on ordi sats with good liquidity, and lock its liquidity in disguise; ordi, these top assets with good liquidity, are positioned It is a meme leader and also the underlying asset. Just like ETH to the Ethereum ecosystem, it is more motivated and meaningful for project parties to build products on assets with good liquidity; More, I just want to explain that ordi does not represent the ceiling of the Bitcoin ecosystem, maybe it is just the ceiling of meme? There will definitely be good projects in the future with an initial sale market value of tens of millions. This is also the natural result of the market gradually affirming the BTC ecosystem. If you simply benchmark it against Ordi, you will definitely feel that there is no market and investment space. In fact, it may surpass Ordi. existence; in fact, it is good, this will make most people lack the courage and judgment to get on the bus.