In the cryptocurrency market, different projects present distinctly different investment logic and value propositions. Taking MYX and USD1 as examples, we can clearly see two divergent development paths.

MYX represents a class of high-risk, highly speculative tokens. These types of projects typically have very low liquidity and depth, making their prices highly susceptible to manipulation. When large sell orders occur, it can lead to a price crash, triggering panic selling. For rational investors, participating in such projects is akin to dancing on the edge of a knife, with risks far outweighing potential rewards.

In contrast, USD1 demonstrates a more solid development model. As an emerging decentralized stablecoin, USD1 has achieved significant total value locked (TVL) on the blockchain, reaching 100 million USD. This achievement stems from its extensive application in core DeFi scenarios such as collateral, lending, and liquidity.

The value proposition of USD1 is not only built on short-term market hype, but more importantly, its role in practical applications:

1. As a digital dollar, USD1 offers a hedging option during market fluctuations while facilitating cross-border payments.
2. By collateralizing mainstream encryption assets such as Bitcoin and Ethereum, USD1 provides users with a flexible asset management solution.
3. Relying on the ListaDAO ecosystem (with a total locked value of over 3 billion USD), USD1 has become an important liquidity hub, supporting various DeFi operations.

USD1 is paving a development path different from USDT and USDC, dedicated to creating a decentralized, transparent, and practical stablecoin ecosystem. This approach not only reflects a commitment to the principles of decentralization but also demonstrates the market's demand for diversified stablecoin solutions.

In the world of cryptocurrency, the short-term market hype will eventually fade, and only projects built on actual applications and value can sustain development. The case of USD1 demonstrates how to create long-term value through ecosystem development, which may represent an important direction for the future development of stablecoins.

For investors, identifying the intrinsic value of a project is crucial. When facing high-risk, highly speculative projects, maintaining a rational and cautious attitude is a wise choice. Conversely, projects that are dedicated to solving real problems and building sustainable ecosystems deserve our attention and long-term tracking.