In the current Crypto Assets market, project development is often divided into two models: narrative-driven and value-driven. Bitlayer, as a highly followed emerging project, has sparked widespread discussion within the industry.

Currently, Bitlayer's development strategy is clearly inclined towards narrative-driven approaches. It seizes the hot topic of BTCFi, catering to the market's general expectation for the appreciation of Bitcoin assets. At the same time, its successful financing experience adds a halo of capital endorsement to the project. Furthermore, Bitlayer actively promotes cross-chain collaboration, continuously releasing positive news in the market, which further strengthens its narrative appeal.

However, to achieve the transition from narrative-driven to value-driven, Bitlayer still faces many challenges. First, it needs to demonstrate considerable trading volume and Total Value Locked (TVL) in practical applications. Secondly, building a thriving developer ecosystem is crucial. Finally, attracting users to use its platform for the long term, not just for short-term airdrop profits, is also indispensable.

A key issue in the future development of Bitlayer is whether it can convert its current narrative advantage into substantial value before market enthusiasm wanes. If it fails to establish a strong application ecosystem and user base in a timely manner, Bitlayer may fall into the dilemma of "empty narratives."

In summary, the long-term success of Bitlayer depends on whether it can successfully bridge the critical gap from "eye-catching stories" to "creating actual value." This requires the project team to focus more on technological innovation, ecological development, and enhancing user experience while maintaining market enthusiasm. Only by truly solving real problems and creating unique value can Bitlayer establish itself in the highly competitive Crypto Assets market and achieve sustainable development.