Treehouse (TREE) raised $20.4 million, with a fully diluted valuation of $400 million at the time of listing. When it first launched on Binance, its valuation even reached $600 million. Such impressive figures have attracted many investors, while some are left wondering if it’s still a good time to invest. Let’s take a look at its advantages and challenges.
Strong Team Background: Treehouse was founded by seasoned professionals from the traditional finance sector. Team members have work experience with renowned institutions such as Morgan Stanley, Wells Fargo Securities, and HSBC, combining traditional financial expertise with innovation in the crypto space to provide robust support for project development.
Innovative Product Model: It pioneered a decentralized benchmark interest rate protocol (DOR), setting a decentralized benchmark interest rate through a consensus mechanism to support diversified fixed-income products for digital assets. The launched tAsset series, such as tETH as a liquid staking token, allows users to participate in on-chain Ethereum interest aggregation while maintaining flexibility to engage in DeFi activities, addressing issues like interest rate fragmentation in DeFi.
Sustained Ecosystem Development: It has already integrated with major DeFi protocols and plans to push DOR to the mainnet in the future, expanding the FRA market and deploying across multiple chains, indicating significant potential for ecosystem development.
Active Market Performance: After launching on Binance, its visibility and trading volume increased, with current TVL reaching $560 million and over 44,000 users, demonstrating strong market demand and vitality.
$TREE has recently sent airdrops to many exchanges, as it aims to list on exchanges. If it can experience a pullback for the airdrops to exit first, and then continue to rise, that would be ideal for
