Recently came across a relatively obscure project called $B2 while browsing, initially I didn’t pay much attention until I noticed something: it's not about any hype concepts, but is genuinely doing 'supply-side' construction in the BTCFi space. Simply put, it's not here to tell stories, but to do real work.

Many so-called BTCFi projects seem lively on the surface, but actually have no users, no TVL, and rely entirely on social media hype. But $B2 is different; it has real miners participating with actual money involved, and its mining pool product TVL has surged to 500 million USD, a scale that doesn’t look like it can be achieved by a PPT project.

What’s even more interesting is its fee strategy: the renewal rate for on-chain pools is only 0.01%, which is almost like telling users, 'Just use it, I’ll help you keep the costs to a minimum.' This greatly impacts activity and point systems, especially in Alpha projects, which is quite a restrained and even smart approach.

Another point that makes me feel they are serious is that the economic model explicitly reserves 10% for future listing preparations, meaning they are not just playing a short-term game but are genuinely planning for the long term, even readying for a second listing.

As for the price? I don’t predict market trends, but many see 1 USD as the first key position - coincidentally, it’s also the cost line for VCs and a psychological price point that the market loves to reference. How it goes from here still depends on whether ecological construction can be sustained and how many real users are willing to stay.

To summarize: in this age of storytelling, it’s quite rare to see a BTCFi project willing to ground its product and make users real. Also, do your own research, don’t expect to get rich overnight, but don’t overlook those projects that are quietly working hard. Many dark horses start quietly when no one is paying attention.