A16Z invests $15 million in the Babylon project, sparking much reflection within the industry. Interestingly, the current market cap of Babylon is only $55 million, which means that A16Z's funding accounts for about 30% of the project's total market value—such a ratio is indeed worth considering.

Even more noteworthy is the performance of related projects within the ecosystem. Based on Babylon's built LST application Lombard Finance, its market cap data contrasts sharply with the funding scale of the parent chain project. This phenomenon reflects a real issue: there is sometimes a significant disconnect between the investment decisions of leading VCs and the actual market performance of the projects. Traditional evaluation dimensions such as investment logic, team background, and technological prospects may not accurately predict a project's long-term value in the rapidly changing Web3 market. This also serves as a reminder for investors to maintain rational thinking about funding backgrounds and market realities.