I looked at the list of this USD1 trading competition, which has been going on for 20 days. A gap has formed between the Eagle and the second place, which should be relatively stable.
EGL1 has an on-chain transaction volume of $2.17B and more than 20,000 interactions. Janitor and Liberty follow behind, but the gap has been widened. The important thing is: this happened without any CEX online.
In the case of a deep correction in the market in the past two days, EGL1's trend is still very stable, and its popularity and trading volume are also stable. It can withstand so many days of trading fluctuations in this market. Do you say it is just a short-term emotional disk? I don't believe it.
I thought it was just a meme at first, but later I found that its structure, rhythm, and even visual system are too unlike a disk that is made casually to gain popularity.
This made me seriously dig into its relationship with USD1 and WLFI.
As everyone knows, the stablecoin USD1 was promoted by @worldlibertyfi. Positioned as "American Spiritual Version of Stablecoin", the narrative revolves around concepts such as "freedom, anti-regulation, and civil autonomy", emphasizing the grassroots financial sovereignty of the Web3 version.
So what is @EGLL_american?
It is the visual and cultural expression of this narrative.
The LOGO is the bald eagle, Eagle First; the symbol of "America First".
The tweets closely follow the hot topics in the United States, such as the Los Angeles riots, Trump's campaign, and Musk's mutual tearing;
All social media visual aesthetics are extremely unified, with obvious American style, and do not use the Asian meme emoticon package spoofing method;
Even when Zach, the co-founder of WLFI, forwarded the cooperation between Bitget and DWFLabs, the emoji he matched was 🦅☝️ (you know).
To put it bluntly, USD1 is a functional disk, and EGL1 is a cultural disk.
If you want to build an ecosystem, you need a financial chassis (USD1) + an emotional outlet (EGL1)
The two work together so naturally that it doesn't seem like a temporary brother is pulling in to support the event, but like a dual core that has been set long ago.
Why do I think it is far from over?
Now EGL1 has entered the "realization stage" from the "expectation stage".
The Four competition is about to end, and if nothing unexpected happens, the championship will basically be locked;
After winning the award, the WLFI Foundation will spend 400,000 US dollars to buy EGL1;
The entry of Bitget and DWF shows that mainstream market makers and platforms are beginning to take the USD1 ecosystem seriously;
EGL1 happens to be the meme with the largest trading volume, the highest topic, and the most "mainstream standard".
And it has not yet been listed on Binance ALPHA, BITGET, or Bybit... but its concept has been clearer and more unified than a bunch of online projects. The narrative space has not been fully priced by the market. In the short term, at least 100 million will be seen.
In the end, I can only say that you should not underestimate the power of narrative, especially when the narrative has structure, money, and resonance. Just grasp it, and the rest is just a matter of time.