BMT Series (Forty): The Practical Value of BMT in Cross-Chain Investigations
In the cross-chain era, the flow of funds is no longer limited to a single network, complicating investigative work significantly. However, the BMT token, as a core utility tool of Bubblemaps, plays a crucial role in cross-chain investigations. While writing this series, I researched the integration of LayerZero and the OFT standard and found that BMT is not just a governance token; it also unlocks cross-chain data visualization and tracking capabilities, helping users capture early signals in a multi-chain environment.
Let's start with the basics: BMT is based on LayerZero's OFT standard, seamlessly bridging between Solana and the BNB Chain. Users holding BMT can access advanced cross-chain analysis features on Bubblemaps V2. For example, when you search for a token's bubble chart, you typically only see single-chain holders by default, but after unlocking with BMT, you can see the flow of funds from Solana to BNB. In my research, I tried a cross-chain bridging case: assuming tracking the flow of funds for a meme coin from issuance on Solana to a liquidity pool on BNB.
The more practical value lies in the community-driven investigations of Intel Desk. BMT holders can deposit tokens to vote on the priority of cross-chain cases, such as prioritizing an investigation into an anomalous pattern across Polygon and Avalanche. Research indicates that the liquidity design of BMT (25.6% circulation at TGE) ensures smooth cross-chain transfers, avoiding bridging bottlenecks. Take the Binance collaboration as an example; the deployment of BMT on the BNB chain allows users to participate in global investigations without extra bridging, and the reward system incentivizes proposers to uncover cross-chain insights. For instance, I researched a cross-chain anomaly: an address hoarding tokens on Solana, transferring to BNB via LayerZero, and after expanding the magic node, it was found to be connected to multiple EVM wallets, suspected of multi-chain laundering. The AI cluster unlocked by BMT explained and further analyzed the predictive potential of this pattern.
Of course, cross-chain investigations carry risks, such as reliance on the security of LayerZero, but the practicality of BMT lies in making InfoFi more accessible. Holders not only gain governance rights but also receive cross-chain intelligence in advance, helping trading decisions avoid traps. In summary, BMT is a bridge in the Web3 intelligence network, and through research, its value far exceeds that of the token itself.
