#美联储降息 【How Big Is the Financial Imagination Space for Bitcoin Native Assets?】

I've been pondering a question recently: assets like BRC-20 tokens and Runes(Runes) in the Bitcoin ecosystem have seen their market caps grow, but their liquidity and financial applications are far less mature compared to the Ethereum ecosystem. What is the fundamental bottleneck behind this?

My observation is—there's a lack of reliable data layer support. Bitcoin's UTXO model and scripting architecture define its uniqueness, but this also means these assets find it difficult to connect directly to general oracles. Without accurate price data sources, it's hard to:

**Unlock Collateral Value**. Imagine BRC-20 tokens or Runes functioning as collateral for loans; users could borrow against these assets instead of just holding them. How important is this for activating market liquidity?

**Support Complex Finance**. Applications like options, insurance, and prediction markets on Layer2 require trustworthy triggers for off-chain events. Without a secure data verification layer, these innovations can't take off.

**Price Discovery Mechanism**. To establish genuine prices on decentralized exchanges, an anti-manipulation, real-time updated price data foundation is essential. This is the cornerstone of liquidity.

The true potential of Bitcoin-native assets hasn't been fully tapped yet. Once the data layer issues are resolved, the entire ecosystem's financialization space will experience explosive growth.

So here's the question—among all Bitcoin chain assets, which category (BRC-20 tokens, Runes, or other NFT assets) most urgently needs this kind of financial infrastructure support?