WhiteWhale is steadily progressing toward its established goals. The project's 500m milestone ( $WhiteWhale token ) has attracted the attention of multiple mainstream exchanges — a leading exchange has already listed it first, and other compliant platforms are expected to follow. However, from an ecosystem perspective, what truly determines the project's direction is not the actions of a single exchange. On-chain activity and actual usage are the core competitiveness — this is also the key to whether the project can break through the 500m target. Rather than focusing on which exchange lists first, it's better to look at the real growth of the on-chain ecosystem, as that is the core metric for measuring the project's potential.