After CZ tweeted yesterday, Binance officially announced the $THE token at 18:00 today. This token currently has a circulating market value of approximately 50 million USD, although some estimate its value to be close to 200 million USD, in reality, 170 million tokens have been locked for two years, and these lock-ups were completed voluntarily by users. Many mistakenly believe this is another VC token, but in fact, $THE is part of CZ's strategic layout to restructure the BNB ecosystem, which is different from traditional DEX.

$THE is based on the ve33 model (also known as Flywheel 33), with the main feature being: all income from the DEX will go to ve33 lock-up holders, making the token a true yield-generating token, unlike UNI or CAKE which have no actual use. A successful example of this model is Aero on the Base chain, which has weekly earnings of up to 8 million USD and a circulating market value that has reached 800 million USD.

In comparison, $THE currently has a smaller circulating market value of around 50 million USD, but its income has already exceeded 400,000 USD. If we project according to Aero's growth rate, $THE has a growth potential of 15-20 times. The operation mechanism of Flywheel 33 can attract liquidity from the entire chain and gradually suppress other DEXs, ultimately occupying a significant portion of the entire chain's TVL, similar to what Aero has done.

As this ecosystem expands, it may also impact Memecoins like Puppies. If $THE successfully attracts capital inflow and further promotes ecosystem development, projects like Puppies may have more opportunities to attract new capital and community participation in the future. $BTC $THE #the #美PCE年率创半年来最大增幅 #SPY #币安HODLerTHE #puppies，一级市场难得的金狗 $BNB