$CAP has been getting a lot more attention lately, and the growth behind the protocol makes this move interesting to watch. Cap is building around on-chain private credit, connecting capital providers with institutional borrowers while using financial guarantees to support the lending structure. The protocol has already shown meaningful activity across deposits, credit and institutional participation. That progress is now meeting stronger market interest around $CAP . Trading activity has increased sharply, while the private-credit narrative gives traders a clear reason to keep watching the project beyond the recent price move. For me, the next phase is about execution. Continued growth in deposits, more institutional activity and deeper usage of Cap’s credit products would give the current attention around $CAP a stronger foundation over time.