I just had dinner with friends and talked about #EGL1, and only now did I take a serious look at last night's trend: it peaked at 124M, becoming the first project in the USD1 competition to effectively break through a market value of 100 million. Although it dropped once, it is still stabilizing above 100M, to be honest, that is already very strong.
The direct trigger for this wave of increase was actually that WLFI and BUILDonBsc foundations completed real purchases—cashing in on the rewards from the previous USD1 competition, with amounts of 200,000 and 800,000 USD respectively, covering multiple participating projects. But from the market feedback, the only one that truly attracted funds and stabilized expectations is EGL1.
From a strategic structure perspective, I believe EGL1 roughly plays two roles in the USD1 ecosystem:
First, it represents the cultural narrative. Compared to $B, which is more platform-oriented, the Eagles side actively engages in culture and collaboration. The Vault cooperation mechanism has already included multiple meme branches like #Four and #SimonsCat, attempting to build a meme federation.
Second, it is one of the tentacles of the Republican stablecoin ecosystem. The simultaneous real purchases of EGL1 by WLFI and $B mean that it is not just a participant but also a part of the mainline experiment. This dual binding of funds and narrative will enable EGL1 to have more resource tilt before and after the launch platform.
Currently, this market value stage is not expensive, and the narrative has just begun to unfold. EGL1 is currently my key focus for continued tracking.
