LISTA has indeed attracted attention recently, with many online discussions, but most stay at the roadmap level. However, as participants, we focus on more pragmatic aspects—the support behind the token price.

First, let's talk about deflation. In August last year, the community voted to burn 200 million LISTA tokens, accounting for 20% of the total circulating supply. Compared to projects that burn small fees daily, this operation is on a completely different scale. Now, the total supply is only 800 million, with only 7.5% in circulation, most of which are still locked in unlock periods. This supply structure can indeed help ease selling pressure.

Next, consider the project’s own ability to generate value. LISTA is a lending platform on the BNB Chain, currently locking in $4.3 billion in assets. The interest rates for borrowing tokens are often below 2%, which is quite attractive. The platform issues the lisUSD stablecoin and slisBNB staking derivatives (with an annual yield of 7.2%), all operational. Recently, the new RWA (Real-World Asset) business is even more interesting—issuing US debt tokens and taking a 5% management fee. These are actual income streams. In the future, with the launch of credit loans, prediction markets, and other features, revenue channels will diversify further.

Where does the dual driver of the token price come from? First, the ecosystem’s revenue from buyback and burn mechanisms; second, market expectations for future development. The current comprehensive ecosystem roadmap is the core carrier of these expectations—if it can truly attract more liquidity from Ethereum, scale up the RWA business, and strengthen credit lending, the potential is quite significant.

But risks are also present. Five directions are advancing simultaneously, and whether the team’s execution can keep up is a big question. Credit lending is especially sensitive—if risk control fails, it could lead to a chain of bad debts. Plus, everyone knows how fierce the competition in DeFi is; each niche segment has players. For LISTA to break through is not easy.

My personal stance? Not to buy at high prices. Treat it as a long-term target within the BNB Chain ecosystem, but be mentally prepared to handle volatility.