BOB is one of the Bitcoin Layer 2 projects that I've been following and am very familiar with, focusing on the EVM-compatible route, and Botanix, another popular competitor, has just announced the mainnet launch. Personally, I was a participant in the first phase of BOB Fusion, starting with Fusion1 and then interacting with some apps around BTC, with the initial goal of saving Spice points. Although there is no clear airdrop plan yet, judging from BOB's narrative design, financing background, and ecological layout rhythm, it is likely that TGE will use community incentives and behavior backtracking to distribute early shares. My personal current ranking Season 2 Final Rank #334,27 Million Spice Season 3's current leaderboard #376,56,000 Spice BOB's current only revenue is its ecosystem's first NFT collection: PixelBobs. Once the team collectively changed their avatars, the NFT was hyped up to about $600-800. Free mint, the cost is 0. At the beginning of their establishment, projects like BOB and Botanix hoped to break the status quo, integrate BTC beliefs and EVM innovation, break the limitation that BTC can only be hoarded, and make it run smart contracts, participate in DeFi, and earn income like Ethereum. The same goes for BOB: looking to turn Bitcoin from digital gold into the liquid core of DeFi. On the one hand, it inherits Bitcoin's native security and decentralization; On the other hand, through the smart contract mechanism, BTC is given real on-chain use and profitability. As a hybrid Layer 2 network, BOB combines the security of Bitcoin with the flexibility of Ethereum to open up new scenarios for BTC on-chain and release dormant value, with the goal of becoming an ideal city for Bitcoin DeFi. In my opinion, BOB's logic can be summed up in one sentence: build a foundation with Bitcoin and build an Ethereum-style smart contract world on top of it. It uses a very special architecture: Hybrid Layer2, which combines security and flexibility: 1. The settlement layer is directly connected to the Bitcoin mainnet and inherits its strongest security; 2. Based on the OP Stack startup, it natively supports EVM contracts, that is It is fully compatible with Ethereum's development environment. Write contracts, deploy applications, and connect to third-party tools, basically no need to change the code, and developers can "move in". But it's not just an Ethereum scaling chain. By connecting to the Bitcoin mainnet and introducing BitVM and staking mechanism, BOB integrates the "hard security" of BTC + the "strong flexibility" of ETH, and truly opens up the core value of the two most cryptographically powerful chains Why is this architecture particularly important for BOB's BTC DeFi? Because traditional BTC users want to participate in DeFi, they usually have to bridge the coin across chains to Ethereum and turn it into wrapped assets such as WBTC and tBTC, which is both troublesome and has security risks. On BOB, with the support of BitVM and BTC staking system, users can participate in DeFi with one click with "original" BTC, eliminating the need for cross-chain steps and making it safer. It is precisely because of its focus on the construction of the BTC DeFi ecosystem that BOB invested a lot of time in laying the foundation of cooperation and ecology in the early days. Currently, more than 100 projects have been deployed on BOB, and projects such as Uniswap, Aave, Euler, LiFi, Lombard, Chainlink, Babylon, and Solv have integrated BOB. DeFi TVL is about $130 million BOB supports all mainstream BTC wrapped assets (such as WBTC, tBTC), LST (Liquid Staking Token), and Ethereum standard assets, ensuring that BTC users can directly access the existing DeFi world without "re-learning" and getting started seamlessly. Among them, the core products are: 1. One-click BTC staking: Users can put their assets into DeFi vaults with just one BTC transaction, powered by Bitcoin Intents 2. Hybrid BTC vault: Based on BTC security, participate in Ethereum and multi-chain income strategies, and positions can be tokenized, pledged or leveraged. In the past, BOB did not rush to issue coins, but first stabilized the infrastructure, ecology, and user experience step by step. About TGE & Airdrop: Frankly speaking, as time goes by, the dilution of Spice points becomes more and more obvious, and the overall popularity of BTCFi also cools. In this context, I am also observing: Can BOB go beyond "technical robustness" and make a real breakthrough in a product or mechanism that leads to a striking innovation? Maybe it's not the value of the airdrop itself, but whether BOB can find a way to truly belong to BTC on the chain application.