2026-01-20 04:28:21

Since the beginning of the year, the market has continued to fluctuate, but a leading BNB Chain lending protocol has been quietly adjusting its strategy. As a representative of long-established on-chain liquidity staking and lending solutions, its TVL has already surged to $45 billion, ranking third in the market, but the growth ceiling is becoming increasingly apparent.

Looking back to 2025, this protocol achieved remarkable expansion — TVL skyrocketed from tens of millions to $55 billion, an increase of nearly 900 times. However, success and failure are two sides of the same coin; the benefits of traditional lending and staking have been fully exploited. Therefore, in 2026, we see it actively exploring new growth engines.

**RWA Becomes the New Focus**

First is the introduction of Real-World Assets (RWA). It partnered with a well-known RWA protocol to create a native asset tokenization platform on BNB Chain. Users can now directly purchase U.S. Treasury bonds or institutional-grade loan collateralized bonds (CLO) with USDT, achieving annualized yields of 3.65% and 4.71%, respectively. The significance of this move is not just in the numbers but in attempting to connect the stable income ecosystem of traditional finance with the DeFi world.

**On-Chain Expansion Accelerates**

Second is the bidirectional expansion of regions and products. It plans to deploy a stablecoin trading hub on the Ethereum mainnet and also intends to launch on-chain credit lending functions and prediction market vaults, showing considerable ambition. In comparison, the previous single-chain layout has gradually appeared somewhat limited.

**Risks and Adjustments**

However, it’s not realistic to say this protocol has been smooth sailing. The market volatility in November 2025 triggered an emergency liquidation of $3.5 million, highlighting vulnerabilities in its risk management. To address this, the team has lowered the lending interest rate to a minimum of 2.74%, using more competitive borrowing costs to attract users and stabilize the core user base.

**Valuation and Outlook**

The LISTA token currently has a market cap of approximately $159 million, with a total supply of 1 billion tokens, and a circulating supply ratio of 40%. Considering that the project conducted a 20% permanent burn (a deflationary mechanism) in March 2025, market analysts forecast its target price for 2026 to be in the range of $0.15 to $0.46. Whether this protocol can truly achieve the integration of traditional finance and DeFi will directly impact the realization of these targets.

Honestly, how this game unfolds still requires time to verify.

BNB-1,75%

ETH-4,4%

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SillyWhale

· 9h ago

After a 900x increase, still playing RWA, huh? That's a gamble on the future. --- TVL of 45 billion still isn't enough, and you want to move to the ETH mainnet? That's a bit greedy. --- Liquidation of 3.5 million is a real risk signal. Can interest rate cuts save it? --- The traditional finance narrative of integrating with DeFi is already tired. I might believe it if it really drops to $0.46. --- From single chain to multi-chain, from lending to RWA, the pace is a bit fast. Are we taking too big a step? --- A 20% deflation sounds good, but with a market cap of only $159 million, it's still just a story. --- A 3.65% government bond yield sounds attractive, but the on-chain risks are much greater than traditional finance. Who dares to bet?

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GateUser-5854de8b

· 10h ago

A 900x increase sounds great, but once the ceiling hits, you have to change your approach. This game is indeed not simple. RWA integration sounds good, but the real test is how to implement it. Otherwise, it might just be a new way to cut leeks. The 3.5 million liquidation feels like it was downplayed. If risk management isn't in place, a big disaster is inevitable. The prediction of token price from 0.15 to 0.46 shows that even the analysts themselves might not fully understand it. Traditional finance and DeFi integration? Nice words, but in reality, they are still worlds apart by a long shot.

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liquidation_surfer

· 10h ago

After a 900x increase, they start looking for new stories, what a routine. --- Can RWA stay stable, or is it just another fleeting moment? --- 3.5 million liquidation, this risk control is really worrying. --- LISTA jumped from 1.5 billion to $0.46? That's a pretty optimistic thought haha. --- One word, gamble. --- Lowering interest rates to 2.74%—can it still attract people? How desperate is that? --- Multi-chain deployment sounds good, but I'm just worried it will end in failure again. --- Success and failure are both due to Xiao He; this saying is spot on. --- Connecting TradFi with DeFi, I've heard it for years. But who has truly succeeded? --- Can a 20% deflation save the market cap? That’s quite a clever move. --- Waiting to see if there will be more stories at the end of the year.

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AirdropCollector

· 10h ago

After a 900x increase, do you want to keep innovating? Can it handle the new tricks this time? --- RWA integration sounds good, but does DeFi copying traditional finance really work? --- TVL reaching 45 billion is still the ceiling, indicating that new blood isn't coming in. --- Lowering interest rates to stabilize the market, honestly, means there's no other way out. --- Liquidating 3.5 million exposes the risk control, which is indeed a bit weak. --- LISTA's price prediction range is so wide, are the analysts just guessing? --- On-chain financial players are all competing in RWA, but we haven't seen anyone truly connect with traditional finance yet.

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fren_with_benefits

· 10h ago

A 900x increase is truly amazing, but this liquidation event is a bit scary. Now, everyone bottom fishing RWA is betting on what? It feels a bit overly optimistic. The TVL ceiling is broken here; we can only rely on traditional finance. I'm skeptical about the price range of LISTA... time will tell. Shifting to RWA and multi-chain is a forced move, honestly, it feels a bit like being pushed into a corner. Can't even move the 2.74% lending rate? That's a bit虚 (虚 means "虚" in Chinese, which can be translated as "hollow" or "unreal," but contextually, it might mean "empty" or "not substantial"). Please clarify if needed. Real implementation is king; right now, it's all PPT promises.

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governance_lurker

· 10h ago

A 900x increase is all? The ceiling came too quickly. --- RWA integration is good, but how many whales can be attracted with a 3.65% government bond yield? --- The liquidation risk still exists, and lowering interest rates won't save it. --- Jumping from BNB to Ethereum, can this move work... --- Talking about integrating traditional finance, but ultimately it still relies on a deflationary mechanism to support market value. --- A TVL of 45 billion sounds impressive, but in reality, it's just the profit from lending that has been exhausted. --- Predicted price from 0.15 to 0.46, such a big difference? Even analysts don't dare to bet. --- A liquidation of just 3.5 million makes people panic so much; this risk control level is indeed average.

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