As the leader of the crypto assets market, Bitcoin's market capitalization of $1.3 trillion is undoubtedly eye-catching. However, behind this enormous market capitalization lies an important issue: insufficient value liquidity. The root of this problem is not that Bitcoin lacks intrinsic value, but rather that its value cannot circulate effectively.

Currently, about 70% of Bitcoin is stored in static wallets long-term and cannot participate in broader financial activities. When Bitcoin needs to be transferred across chains, it is often restricted by the bottleneck of a single channel. For example, WBTC (Wrapped Bitcoin) can only be used on the Ethereum network, which greatly limits the application scenarios of Bitcoin. In addition, when Bitcoin enters institutional portfolios or provides returns for retail investors, it also faces technical barriers due to incompatible interfaces.

Traditional solutions are like a one-way street, either congested or deviating from the mainstream, failing to meet the diverse needs of value transfer. In the face of this dilemma, the industry has begun to explore new technological paths. Among them, an innovative solution is to create a "smart value router" for the financialization of Bitcoin.

The core of this new type of "router" lies in breaking through the three major bottlenecks of bandwidth, interfaces, and trust. It aims to allow the value of Bitcoin to flow to various blockchain ecosystems efficiently, accurately, and at a low cost, just like internet data. It is worth noting that this innovation is not intended to create new value, but rather to reconstruct the logic of value distribution.

The long-term challenges faced by the circulation of Bitcoin's value can be summarized in three aspects:

First, there is the issue of a single channel. Traditional cross-chain assets like WBTC and STX are designed as "single interface devices" for specific ecosystems. This results in Bitcoin needing to undergo multiple conversions when crossing over to other public chains like Sui and Cardano, causing losses of up to 5% or more. Data predictions show that by the third quarter of 2025, cross-chain assets of Bitcoin that can cover more than three public chains will only account for 12%, while the remaining 88% will be confined to a single ecosystem, forming what is known as "value islands."

Secondly, there is the issue of insufficient bandwidth. The design of the Bitcoin mainnet has not fully considered the future financial application needs. This limitation makes it difficult for Bitcoin to meet the growing demand for financial innovation, restricting its application potential in a broader financial field.

These challenges highlight the urgent need for a "value router" for Bitcoin that can adapt to multiple scenarios. Only by addressing these issues can Bitcoin's trillion market capitalization truly unleash its potential and break free from the current "static deadlock". In the future, as technology continues to advance, we can expect to see more innovative solutions emerge, driving further development and prosperity in the Bitcoin ecosystem.