Recently, I have communicated a lot with many friends deeply involved in the DEFI ecosystem. Everyone agrees that there are only a few profitable public chains and protocols, and the overall enthusiasm for this round of DEFI is low. Protocols that can achieve self-profitability are even rarer. I casually mentioned Bluefin to a friend. Since the last tweet, the recent #Bluefin has also achieved many significant breakthroughs! So I'm here to update you! The recent market conditions are not good, but the overall decline of $BLUE is not large. I feel that the current price of this project is undervalued. Reasons: - Bluefin's current valuation is only $DYDX , which is a quarter of $drift, yet it has achieved the same trading volume and revenue. - Moreover, Bluefin is the largest protocol on the Sui chain. - Sui is definitely the largest public chain of this new wave of L1, and Bluefin is in a leading position among $SUI . - Bluefin's contract trading volume has surpassed 40 billion dollars, which is commendable! - The new version of Bluefin will be launched in the first quarter, aiming to compete directly with Hyperliquid. There are many favorable factors, but the coin price is not rising? I can only think that the current market price is undervalued! I currently believe that the 0.236 line is a bottom support level. For those passing by, I think it's okay to add $BLUE to your watchlist! You can observe it further! The market is not doing well, even the bulls are shaking their heads. DYOR!