"If airdrops are very garbage, then the coin price will have a turnaround" I have emphasized this sentence multiple times on Twitter. Yesterday, I took a bite of Babylon and verified the win rate 😂 Babylon is considered the last hope of the entire BTC ecosystem. Currently, its second phase has just launched, and the most noteworthy aspect is that Baby will also be used for secure staking, just like BTC. The good side is that Baby will start being effectively utilized, but at the same time, Baby will begin to have an annual inflation rate of up to 8%, with 4% going to Baby stakers and another 4% going to BTC stakers. Since they have to give their coins to BTC as rewards, it actually indicates that the current state of "security overflow" is completely in a state of oversupply, so they can only temporarily use their own coins to subsidize APY. Whether it's Babylon, Eigenlayer, or Solayer, the situation is all the same. Ultimately, the cryptocurrency space is lacking applications, and the security overflow has nowhere to go.