I've been tracking several targets in the USD1 wealth management sector recently. Today, while reviewing data from trading platforms, I was attracted by the performance of the LISTA project. The data is indeed solid, and I couldn't help but share some thoughts with friends interested in participating in USD1 wealth management.

Let's look at some core indicators first. LISTA's current market capitalization is about $46.52 million, roughly 325 million RMB. The fully diluted market cap reaches $133 million (about 931 million RMB). Compared to the entire USD1 wealth management sector, this valuation level isn't overly hyped—compared to those projects claiming hundreds of billions in market cap, LISTA's figures seem quite rational, all supported by real operations.

The trading activity further illustrates the point. The single-day trading volume hit $3.8795 million, approximately 27.0788 million RMB. The ratio of trading volume to market cap is 8.34%. What does this mean? Simply put, the market depth is sufficient, buyers can buy easily, sellers can sell promptly, and liquidity is not an issue. Unlike some small tokens with locked chips and sparse trading, where it's hard to offload positions.

Looking at the distribution of holdings, LISTA has a total supply of 800 million tokens, with 796 million tokens in circulation. The on-chain concentration is only 15.72%. This data is very important for small market cap projects—the industry consensus is that a concentration below 20% is relatively dispersed. LISTA's figure indicates that the risk of whale dumps is very low, and ordinary participants' holdings are relatively safe.

Since its issuance, the project's actual backing and performance are also worth noting.