BNB recently stabilized around the $900 mark and looks ready for a breakthrough. Interestingly, as the leading lending protocol on the BNB ecosystem, the top lending product tokens on this chain appear somewhat lagging — still hovering in the bottom range.

This phenomenon actually tells us a lot. Look at the data and you'll understand.

First, the lending protocol's total value locked is continuously growing, with borrowing rates stable at around 0.41%, making it a liquidity hub in the network with quite active user engagement. From the interaction intensity, the actual market demand is evident.

Looking at horizontal comparisons, AAVE, the leading lending protocol on Ethereum, has a market cap and scale tens of times larger than this project. This gap itself deserves reflection — is the valuation mismatched, or hasn't the market caught up yet?

From a logical perspective, the value of lending protocols gets amplified during bull markets. The more active the market, the stronger the arbitrage demand, the more people borrow coins for bottom-fishing, and the higher the protocol's fee revenue becomes. These returns ultimately translate into token value.

Looking at it differently, the current buying opportunity might be somewhat like AAVE's early position in 2020. Major capital deployment often happens quietly, and by the time consensus forms, it's usually too late.

The current choice boils down to two options: allocate a position now for the long term, or wait until the ecosystem expands further before chasing? Each person should have their own thoughts on this trade-off.