Recently, the market has put on a surreal show: on one side, a star stablecoin project has imploded, while on the other, Bitcoin Layer 2 networks are attracting massive funding. The stark contrast between boom and bust is simply jaw-dropping.

Let’s start with the collapse. The Stable stablecoin project, backed by PayPal Ventures, raised $30 million in Series A funding. By all accounts, such a lineup should have made it "rock solid." But what happened? The mainnet crashed right after launch, the token price plummeted by 98%, and users’ funds are still locked up and inaccessible. This is textbook "no amount of backing can save you from technical failures."

On the flip side, Bitcoin Hyper, a Bitcoin Layer 2 network based on Solana, hasn’t even officially launched yet, but has already raised $29 million just in the pre-sale phase. The team even claims the system has zero vulnerabilities. While that might sound a bit cocky, it at least shows that the market’s interest in Bitcoin ecosystem expansion is genuinely strong.

There’s a lesson here: a fancy investor list and slick presentations don’t feed you—real technical strength and security are the lifeblood of any project. With stablecoins running into problems again and again, more capital may flow back into BTC, a "hard currency" proven by time. The hype around Bitcoin Layer 2 also shows the community’s eagerness for innovation in the BTC ecosystem—after all, who wouldn’t want Bitcoin to be both secure and fast?

Here’s some honest advice: No matter how impressive a new project’s backing is, watch and wait first; Bitcoin Layer 2 truly has potential, but don’t jump in headfirst; the market always weeds out flashy but empty projects and rewards real value. If you’re holding mainstream assets, you’re already ahead of the game.

In short, crisis and opportunity are always two sides of the same coin. Stay sharp before you act—don’t let flashy new concepts lead you into a ditch.