Today I saw that @lista_dao was listed on Han Exchange, and I actually feel it's quite normal, even a matter of time, because it is now the largest native lending protocol on the BNB Chain, with a TVL exceeding $1.57 billion, which is not something an ordinary ranking protocol can compare to. The Liquid Staking single module locked up over $740 million, which is very close to Lido in its early stages; The protocol's daily revenue has exceeded $8,500, with an annualized revenue of over $4.8 million, indicating that real cash flow is on the rise, and the positive closed loop has been established; Staking APY once reached as high as 17.97%+, clearly making it a highly attractive player compared to traditional DeFi interest rate systems; The key point is that it is not just a single module protocol, but currently the only composite protocol on the BNB Chain that integrates LSD, lending, and stablecoins, which means: Minting stablecoins, releasing leverage, and controlling liquidity all in one comprehensive service. This structure was pieced together on Ethereum with Lido + Aave + MakerDAO, but on BNB, Lista is a protocol that completes it natively. In the past month, the number of active wallets has increased by over 32% month-on-month, and the TVL growth rate is among the top five across the entire chain; The non-incentivized TVL accounts for over 70%, indicating that most of the locked assets are from real users participating voluntarily, not relying on airdrops or ranking boosts. Moreover, the stablecoin lisUSD is minted through over-collateralization of slisBNB/BNB/ETH, and it has already begun to be widely integrated into on-chain lending, liquidity pools, and LP rewards. To be honest, this protocol is now a money-making machine: you collateralize → mint stablecoins → participate in lending → earn LP rewards → gain profits → collateralize again, all steps are completed within Lista's internal closed loop. The listing on Han Exchange is just the beginning; as long as the TVL and real income continue to grow, the market will eventually realize it is a structural alpha.