BlockBeats will organize the key industry news content of the week (10.07-10.13) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Scroll (SCR) Token Economics Announced: Launchpool Accounts for 5.5% of Total Token Supply
On October 8, Scroll announced its token economics. According to the Binance announcement, the total supply of Scroll (SCR) tokens is 1 billion, and this Launchpool accounts for 5.5% of the total token supply, of which the BNB pool accounts for 85% of the Launchpool. The initial circulation supply of SCR when it was listed on Binance accounted for 19% of the total token supply. In addition, the Scroll airdrop snapshot date is October 19, 2024, and the token release date and airdrop claim time are October 22, 2024. Related reading: "What is the reasonable price of Scroll when it is listed on Binance Launchpool?"
Binance to List Scroll (SCR) on Launchpool and Pre-Market Trading
On October 8, according to the official announcement, Binance will list the zkEVM Rollup L2 project Scroll (SCR) on Launchpool and pre-market trading. Pre-market trading will start at 18:00 (UTC+8) on October 11, 2024. Launchpool will start at 8:00 (UTC+8) on October 9, 2024.
HBO releases Bitcoin documentary, says it believes Peter Todd is Satoshi Nakamoto
On October 3, documentary director Cullen Hoback and HBO recently announced that the documentary "Money Electric: The Bitcoin Mystery" will expose the true identity of "Satoshi Nakamoto", the creator behind Bitcoin, sparking discussion from the outside world.
On October 9, according to market news, the leaked video of the HBO documentary showed that HBO believed that Bitcoin Core developer Peter Todd was Satoshi Nakamoto, the founder of Bitcoin. HBO put forward four major arguments: In 2010, Todd (using a new account) responded to Satoshi's post on the Bitcointalk forum. HBO claimed that he mistakenly used his account to complete Satoshi's post. Todd later implemented the "Replace by Fee" (RBF) concept discussed in the post. In addition, a document provider claimed that Todd used the pseudonym "John Dillon" to promote RBF, and both used British/Canadian spellings. In addition, Satoshi's posting time pattern coincided with the student's schedule, with more posts on weekends. Todd once discussed "sacrificing" Bitcoin; this may refer to destroying Satoshi's Bitcoin. Related reading: "The biggest mystery in the crypto will be revealed this week? Who is "Satoshi Nakamoto"? " , "Even if you watch the documentary tomorrow, you won't know who Satoshi Nakamoto is"
CZ plans to leave the US to attend Binance Blockchain Week in Dubai at the end of the month
On October 10, CZ posted on the X platform: "I will personally attend the Binance Blockchain Week in Dubai from October 30 to 31, which is one of the largest Web3 events this year."
OKX will set up regional headquarters in Dubai, has obtained Dubai license, and officially launched cryptocurrency business in the UAE
On October 10, OKX CEO Star said that OKX will adhere to global compliance requirements. OKX already has a Dubai license and will meet 100% of regulatory requirements in Dubai. Dubai users can directly trade cryptocurrencies with Dubai's currency, dirhams. OKX will establish a regional headquarters in Dubai, which has very good conditions and communities for the development of cryptocurrencies. On the same day, OKX Middle East General Manager Rifad Mahasneh announced that the cryptocurrency trading platform OKX officially launched its cryptocurrency business in the UAE. OKX became the world's first crypto trading platform to obtain a full operating license from the UAE.
Uniswap Labs announces the launch of Unichain
On October 10, according to official news, Uniswap Labs announced the launch of Unichain. Unichain is a fast, decentralized Optimism super chain L2, designed to become a cross-chain DeFi and liquidity chain. Unichain will integrate Flashbot's Rollup Boost solution to achieve a block time of 1 second. The Unichain testnet was launched today, and the mainnet will be launched later this year. The Uniswap Foundation will provide funding and project support to help developers develop on Unichain. Related reading: "Uniswap is also doing chain, is UNI finally going to be empowered?"
Vitalik once said that the Uniswap chain is meaningless
On October 11, Ethereum co-founder Vitalik Buterin posted on social media in 2022 that "The main value of Uniswap is that users can easily complete transactions within 30 seconds without thinking too much. In this case, the Uniswap chain or even Rollup does not make sense. It is reasonable for each Rollup to have a Uniswap fork protocol."
Coinbase founder officially announced his marriage to Chinese-American Angela Meng
On October 10, Coinbase founder Brian Armstrong officially announced his marriage on social media. Armstrong said he married Angela Meng last weekend. Public information shows that Angela Meng grew up in Beijing and Los Angeles. She was a reporter for the South China Morning Post in Hong Kong and Reuters in Beijing. She also worked in the New York branch of Lazard, a veteran Wall Street investment bank. In addition, she also studied at the Claremont Institute. Related reading: "She moved to the United States at the age of 11. Who is Angela Meng, the Chinese boss of Coinbase?"
The US SEC, FBI and DOJ jointly filed a lawsuit against Meme coin market maker Gotbit and other crypto companies
On October 10, the U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ) jointly filed a lawsuit against four crypto companies suspected of fraud and market manipulation on October 9, including Gotbit Consulting, ZM Quant Investment, and CLS Global. The charges involved self-trading to manipulate the market, as well as multiple crimes related to the cryptocurrencies Saitama, Robo Inu, and NexFundAI. A total of nine individuals were indicted, and some defendants agreed to separate settlements. The investigation showed that Gotbit and its marketing director created market interest for these crypto projects through false transactions. The relevant personnel involved in this case are distributed in multiple countries, including the United States, Russia, and India, reflecting the complexity and extensiveness of the case.
Judge approves FTX bankruptcy plan, which is criticized by creditors
On October 8, John Dorsey, a judge of the Delaware Bankruptcy Court, approved the bankruptcy plan of the cryptocurrency trading platform FTX to initiate the process of distributing funds to creditors. According to the FTX bankruptcy plan, 98% of creditors will receive cash of approximately 119% of the value of their claims within 60 days after the liquidation plan takes effect. Between $14.7 billion and $16 billion will be returned to creditors. The debtor will separately announce the effective date of the plan and the expected first distribution date at an appropriate time.
The "FTX bankruptcy plan" was criticized by Sunil Kavuri, the representative of the largest FTX creditor group. Kavuri said that when FTX files for bankruptcy in 2022, the asset management agency to be liquidated should be paid in the form of cryptocurrency in kind, rather than in dollar value. David Adler, a lawyer representing some creditors, also stated in court that if creditors receive compensation in cash rather than in kind, they will face huge taxes. Related reading: "FTX compensation is imminent, what are the key information worth noting?"
US Government Suspected to be Free to Sell 69,370 Bitcoins Confiscated from Silk Road
On October 9, Lookonchain posted that the U.S. government appears to be free to sell the 69,370 bitcoins confiscated from Silk Road after the U.S. Supreme Court on October 7 refused to hear Battle Born Investments’ case regarding ownership of 69,370 BTC (about $4.33 billion) seized from Silk Road, giving the government full control over the seized funds.
The last time the US government moved BTC was two months ago, when it moved 29,800 BTC (about $2.02 billion), of which 10,000 BTC (about $594 million) were transferred to Coinbase Prime. The US government currently still holds 203,239 BTC (about $12.63 billion), of which 69,370 BTC (about $4.33 billion) related to Silk Road have been dormant in the wallet "bc1qa5" for 4 years.
Bitlayer completes $9 million Series A+ financing with a valuation of $300 million, led by Polychain Capital and others
On October 9, Bitcoin native second-layer project Bitlayer completed a $9 million Series A+ round of financing at a valuation of $300 million. This round of financing was led by Polychain Capital and co-led by Franklin Templeton. SCB Limited, Selini Capital, G-20.Group and other investors also participated. Bitlayer co-founder Charlie Hu revealed that the company had just completed a $11 million Series A round of financing three months ago.
The annual rate of US CPI has fallen for six consecutive times, but is higher than expected
On October 10, the U.S. September unadjusted CPI annual rate was 2.4%, the sixth consecutive month of decline, the lowest since February 2021, but higher than the market expectation of 2.3%. The U.S. September unadjusted core CPI annual rate was 3.3%, the highest since June, higher than the market expectation of 3.2%.
Puffer announces token economics, airdrop will be available on October 14th
On October 10, the Ethereum re-staking protocol Puffer Finance announced the PUFFER token economics, with a total supply of 1 billion. 7.5% of the total supply was used for the Crunchy Carrot Quest Season 1 airdrop. As part of the protocol guild's commitment, 1% of the total PUFFER supply will support Ethereum core development with a vesting period of 4 years. 40% will be allocated to the ecosystem and community, 5.5% will be allocated for the second season of the airdrop, 20% will be allocated to early contributors and advisors, and 26% will be allocated to investors. The airdrop collection period is from October 14, 2024 to January 14, 2025.
Swell opens airdrop query, 7,500 addresses have been identified as Sybil addresses
On October 10, the liquidity re-staking platform Swell opened airdrop inquiries. The total supply of SWELL tokens is 10 billion, of which 8.5% of the total supply (850 million) will be used for Voyage airdrops. When open for claiming, 700 million SWELL will be linearly distributed according to the White Pearls accumulated by each Voyager. Another 1.5% will be distributed to pledged users based on the loyalty reward method. Users with witch activity will not receive rewards, and will only be returned if they can prove that they have been misidentified. Otherwise, these SWELL tokens will be shared by all Voyagers and distributed at the time of TGE. Currently, a total of 7,500 wallet addresses have been identified as witch addresses (a total of more than 7.3 million Pearls).
CARV opens first quarter airdrop claim
On October 10, modular data layer CARV announced that it has opened the first season airdrop application, and will distribute 40 million CARV tokens. Users can choose to receive tokens directly or re-stake at a three-fold annualized rate, and receive special second season airdrop NFT rewards.
Mt. Gox extends repayment deadline by one year to October 31, 2025
On October 10, Mt. Gox announced that, except for certain types of repayments, the trustee has basically completed the basic repayments, early lump sum repayments, and mid-term repayments. However, many creditors have not received their repayments because they have not completed the necessary procedures to receive the repayments. In order to repay these creditors to the extent reasonably practicable, the trustee has obtained court permission to extend the repayment deadline from October 31, 2024 (JST) to October 31, 2025 (JST).
Crypto.com receives Wells notice from the US SEC
On October 8, according to market news, Crypto.com received a Wells notice from the U.S. Securities and Exchange Commission. The "Wells notice" is an informal reminder issued by the SEC (U.S. Securities and Exchange Commission) to U.S. listed companies before filing a civil lawsuit. Listed companies that receive the notice can communicate and negotiate with the SEC before receiving a formal lawsuit. On the same day, Crypto.com filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). Crypto.com believes that the SEC has unilaterally expanded its jurisdiction beyond statutory restrictions and that the SEC has established an illegal rule that almost all transactions in crypto assets are securities transactions, regardless of how they are sold, while the same transactions in Bitcoin (BTC) and Ethereum (ETH) are not.
This week, the total market value of Meme coin exceeded 54 billion US dollars, with a 24-hour increase of 7.4%.
The crypto market has ushered in a new wave of trading boom, and new internet celebrity animals have become the top meme streamers, which has recently brought a new wave of meme hype potential. On October 7, according to Coingecko data, the total market value of Meme coins rose to US$54.26 billion, a 24-hour increase of 7.4%. Among them, Neiro, SPX, MOG, MEW, WIF, MOODENG and other tokens have increased significantly. Related reading: "Who is Murad, the "new meme leader" who has gone viral? Meme holdings exceed US$24 million, and institutions were called on board in 20 minutes" , "For attention, are memes "moving from virtual to real"? "
Recently, there have been frequent thefts. Continue Capital’s wallet was phished and lost $35 million worth of fwDETH. NFT artists’ wallets were stolen and their life savings were lost.
On October 11, according to Scam Sniffer monitoring, a whale address was attacked by phishing, losing 15,079 fwDETH, worth about 35 million US dollars. Lookonchain, an on-chain data analysis agency, said that the address may be related to Continue Capital, and the stolen wallet may belong to Lin Xiahong, co-founder of Continue Capital. It is reported that hackers use Permit signatures to carry out phishing attacks. Contracts that support Permit can be authorized by Permit offline signatures, skipping Approve and without paying gas. After authorization, the third party has the corresponding control and can transfer the user's authorized assets at any time. Related reading: "The big guys in the crypto have been hit one after another. Why is Permit signature phishing so powerful?"
On October 11, Korean NFT artist DeeKay Kwon's wallet was stolen again, claiming that he lost his life savings. The incident occurred during his 14-hour flight from South Korea to New York. He could not access the Internet during the flight. DeeKay guessed that the seed phrase was leaked. However, the hacker stole the funds and all NFTs were not affected. BlockBeats previously reported that on July 15, 2022, NFT artist DeeKay Kwon's Twitter account was attacked and NFTs worth more than $150,000 were stolen. Hackers induced users to approve a malicious transaction to obtain exclusive NFTs by posting a link to a phishing website.
Unrecognized microstate of Liberland elects Justin Sun as acting prime minister
On October 10, according to a document disclosed by @tier10k, the internationally unrecognized micro-state of Liberland announced the results of its latest parliamentary election. Justin Sun won the election and was nominated by Liberland President Vit Jedlička as acting prime minister. According to an official statement from Liberland, the vote count for this election was completed at 5 a.m. Central European Time on October 6, marking the first full deployment of the country's blockchain-based election system. It is reported that Liberland is a self-proclaimed country established in 2015, located on the border between Serbia and Croatia, with an area of only 7 square kilometers, and has not yet been officially recognized by any sovereign state or international organization.
Bitget will fully compensate users who were harmed by abnormal fluctuations in BGB, and the compensation will be completed within 72 hours.
On October 7, according to the official announcement of Bitget, at 10:53 am on October 7, 2024, the price of BGB experienced a sharp fluctuation that lasted for ten minutes, and the market quickly returned to stability. Bitget will fully compensate for the loss of assets caused by this, and provide a compensation plan within 24 hours and complete the compensation within 72 hours.
Xiamen police smashed an underground money exchange gang involved in virtual currency cashing out, with a huge amount of money involved
On October 8, according to the Yexiang Min'an WeChat account, the Xiamen police Xiang'an Branch, together with relevant police types, smashed an underground money house gang that used Sifang Payment to launder money and withdraw cash. The gang traveled across the country, posted advertisements through chat software to find "money laundering" demand gangs, and used virtual currency cashing, counter-trading and other forms to provide illegal funds payment and settlement services to overseas criminal gangs. The amount involved was huge. At present, nine criminal suspects have been taken criminal compulsory measures in accordance with the law for suspected illegal business operations and assisting information network criminal activities.
This week's hot articles
This week, HBO released a much-anticipated documentary that claims to reveal the true identity of Bitcoin creator Satoshi Nakamoto. In the film, director Hoback argues that early Bitcoin Core developer Peter Todd is Satoshi Nakamoto, sparking a lot of discussion and controversy. However, Todd and the community have denied the claim, calling it unsubstantiated and ridiculous. Despite this, the documentary has become a hot topic, with bets and meme coins spreading rapidly, fueling discussions about the mystery of Bitcoin's founder and its decentralized spirit. No one knows who Satoshi Nakamoto is, and that's probably for the best. We are all Satoshi.
Recently, Coinbase CEO Brian Armstrong announced his marriage to Angela Meng, which caused heated discussions in the crypto community. This article reviews Angela Meng's life experience through existing public information. Angela was born in China and immigrated to the United States at the age of 11. She experienced a difficult growing environment. She once rented a house with her mother and father, shared a small house with neighbors, and experienced cultural shock and school bullying. Angela's grandmother played an important role in her childhood life, teaching her to be diligent and humble. Although Angela's background has no direct connection with the crypto industry, her Asian identity and marriage quickly made her the focus of attention in the Chinese crypto community.
"Uniswap is also building a chain. Is UNI finally going to be empowered?"
On Thursday, Uniswap Labs released Unichain based on OP Stack, which aims to optimize cross-chain DeFi and Ethereum expansion and create a fast and decentralized "liquidity chain". The test network is now online and the mainnet will be launched within the year. Although Unichain uses UNI as a staking token to verify the network, giving it certain functionality, the market has mixed reactions to this indirect empowerment model, believing that it still does not meet the expectations of direct dividends. Whether Uniswap's chain-building initiative can bring substantial value to UNI remains to be seen.
《Deeply digging into Scroll data: What is the value of points? Is it too late to redeem them now?》
Scroll is available on Binance Launchpool, where users have the opportunity to participate in the token airdrop and receive 7% of the token allocation, and a snapshot will be taken on October 19. Currently, about 2.495 million addresses have participated in transactions on the Scroll mainnet, and data shows that small accounts with less than 100 points account for nearly 50%, while the estimated total number of points is about 695 million. According to analysis, 0.1 ETH can be deposited for one month to get 30-50 points. Assuming that 1 point is obtained per 0.1 ETH per day, users need to deposit 10 ETH to reach 5,000 points. The estimated point value is $0.1158/point, and the annualized rate of return is about 17.4%, although the actual rate of return may decline slightly due to the increase in users.
Recently, the influence of meme coin KOL Murad Mahmudov has been growing. He became a hot topic in the crypto circle with his speech on the meme coin super cycle at the TOKEN2049 conference. He also boldly predicted that Bitcoin would reach $10 million, and is now considered the next generation of top streamers after meme master Ansem. In this article, Murad shares how he entered the cryptocurrency field and gradually formed his own Meme investment thesis. He discussed how to choose a Meme, why he thinks the Meme launched in 2023 will be better, and how he tested and verified his investment strategy. Murad emphasized the connection between NFT and Meme, and believes that Meme will have a huge upside in 2025, and puts forward the view that belief is more important than short-term trading.
"Who is making money in the infrastructure sector with overcapacity?" | BlockBeats Finance
Although Crypto infrastructure is not directly user-facing, it has always occupied an important position in the industry and has become an important pillar of high FDV projects. However, with the emergence of a large number of infrastructure projects, the market has begun to question the actual demand and sustainability of these projects. Taking the oracle field as an example, Chainlink dominates TVS, but its revenue growth has failed to keep up with the increase in user activity, reflecting the impact of ecological fragmentation. Pyth, as an emerging force, has performed well in the Solana ecosystem. Cross-chain interoperability also faces challenges. The revenue of leading projects such as LayerZero and Axelar has dropped significantly, highlighting the difficult situation of the entire industry in the bear market.
In order to gain attention, are memes moving from virtual to real?
The positive meme flywheel of "moving from virtual to real" is turning again. ETH's recent market performance has picked up, and the gas fee has risen, symbolizing its renewed vitality. Vitalik Buterin once again sold coins and donated them to charities, sparking community attention and discussion on the "coin donation" model. Although this method is controversial, the cohesion of community power has played an important role in promoting the development of the project, especially through donations and charitable actions to further deepen the consensus. Compared with Solana, the ETH meme coin embodies more idealism and charity-driven characteristics, showing its potential to create a future with the community.
Recently, the U.S. Department of Justice sued four cryptocurrency companies and their executives, accusing them of manipulating the market and hyping up the "NexFundAI" token created by the Federal Bureau of Investigation (FBI) through false information and wash trading. The FBI used this token as bait to successfully collect criminal evidence. This is the first time that the United States has filed a lawsuit against financial crimes in the crypto industry, marking a further crackdown on crypto fraud. The incident has sparked widespread discussion in the crypto community and has led to the creation and trading of a large number of tokens with similar names.
《Arthur Hayes: Avoid CEX traps, how project owners can use DEX to counterattack the crypto market》
In this article, Arthur Hayes takes a deep dive into the current status of token listings in the crypto market, especially the impact of high CEX listing fees on project owners and investors. The article uses the case of Auki Labs to demonstrate the advantages of listing projects on DEXs and emphasizes the importance of focusing on product development and user growth. For those project owners who blindly pursue listing on CEXs, Hayes reminds them to focus on long-term value rather than short-term price fluctuations and market hype.
How do top meme KOLs make money? An analysis of Ansem’s “shipping behavior”
On October 5, Andrew Kang of crypto venture capital firm Mechanism Capital mentioned the capital reallocation of Meme coins on social media, sparking a heated discussion between ZachXBT and trading KOL Ansem. ZachXBT accused Ansem of using his influence to promote small-cap coins, causing investors who blindly followed the trend to lose money, saying that his behavior was similar to "cutting leeks." Ansem countered that he was just looking for market opportunities and could not ensure the success of every transaction, but he helped far more people than victims. An analysis of Ansem's tweets showed that the tokens he supported had significant differences in performance, with some tokens performing well while the median return was negative, showing the potential risks of promoting small-cap tokens. Ultimately, the analysis pointed out that the morality of promoting tokens to many followers should be based on long-term commitment to the project, rather than simply the size of the market value.
《Will Ethereum throughput increase by 50%? A quick look at the community's new proposal EIP-7781》
The Ethereum community recently proposed a new improvement proposal EIP-7781, which aims to increase network throughput by shortening block generation time (from 12 seconds to 8 seconds) and increasing data processing capacity, which is expected to increase by 50%. The proposer of the proposal, Ben Adams, and Justin Drake, a researcher at the Ethereum Foundation, both said that this move will significantly improve network performance, reduce Layer 2 network fees, and also help balance peak loads. However, shortening the slot time may increase the risk of network centralization, especially the increase in hardware and bandwidth requirements, which may pose challenges to individual stakers. Despite this, supporters believe that this proposal can promote the long-term development of Ethereum, improve the efficiency of the core network, and lay the foundation for future expansion.
"What is the current status of the 1,200 crypto projects that received seed funding 2 years ago?"
Since 2022, cryptocurrency seed-stage projects have performed well in fundraising, with more than 1,200 companies raising $5 billion, a 2.5-fold increase from the previous year. Despite the bear market, 72% of projects successfully launched on the mainnet, but finding product-market fit (PMF) has become more challenging. Infrastructure and CeFi projects have performed particularly well, attracting large investments and mainnet product delivery rates, while consumer applications and DeFi projects face greater risks. Overall, industry investment is returning to more mature tracks, and project success rates vary by ecosystem.
"FTX is about to pay out, what are the key information worth noting?"
On October 7, the Delaware court approved FTX's bankruptcy plan, marking an important progress in the exchange's compensation process. FTX will use up to $16.5 billion in recovered assets to repay creditors, and it is expected that 98% of users will receive compensation within 60 days, but the specific effective date has not been determined and may be extended to 2025. The compensation standard is based on the dollar value at the time of bankruptcy in 2022, rather than the current value of cryptocurrency, which has caused dissatisfaction among some creditors, who believe that compensation should be paid in kind. In addition, the market is looking forward to whether the funds will flow back to drive the market up, but the proportion of claims sold is high, and the return of funds is limited.
In the past year, Base's performance has been remarkable and is expected to become the new Layer 2 leader. Base was launched by Jesse last fall and stood out from many L2s within a year. With Jesse joining the Coinbase executive team, he will be responsible for Coinbase Wallet and lead the company's on-chain business. On October 2, Jesse conducted an AMA on the Base ecological social platform Warpcast, systematically sharing future development plans, as well as Jesse's own vision and daily life, which Memes to pay attention to, and which applications are likely to become popular. Overall, Jesse is full of confidence in the future development of Base, and believes that it is not just a Layer 2, but an important part of the global on-chain economy that can promote innovation and creativity.
After the White House warned Iran that it was preparing to attack Israel, Bitcoin (BTC) fell below its rising trend line that had lasted for nearly a month and retreated to $60,000 several times, and the market remained nervous. At the same time, the People's Bank of China announced monetary policy to support financial markets, causing the A-share index to rise by nearly 27%. Economic data in the United States showed a strong job market, intensifying discussions on the Fed's interest rate cut strategy. Analysts have different views on the prospects of Bitcoin, with some believing that the market is still in a bull cycle, while others are wary of potential pullback risks. Overall, the market is sensitive to changes in financial policies in China and the United States, and future inflation data will have an important impact on expectations of interest rate cuts.
The trend of the cryptocurrency market is still confusing, but Microstrategy (MSTR), which is strongly tied to Bitcoin, has recently hit a record high in stock price. According to the US stock market, MSTR once approached the $200 mark on October 9, reaching a high of $198.35. Recently, overseas KOL Glenn Hodl gave his own analysis on Microstrategy's strong performance. Gelnn believes that even if the price of Bitcoin no longer grows, Microstrategy can use the market's differences in valuation models for commodities and companies to create a "perpetual motion machine" that can sustainably increase its own market value, which will eventually make Microstrategy the world's largest company by market value.
With the rise of mini-games within the Telegram ecosystem, the number of users in the crypto space has surged, but discussions about user value are still being ignored. Although Ethereum has only 400,000 to 500,000 daily active users, its market capitalization is the second largest public chain, while TON, with more than 2 million daily active users, ranks tenth. This has triggered deep thinking about the user value of different public chains. By analyzing the user holdings and transaction volumes of multiple popular public chains (such as Ethereum, Solana, TON, etc.), this article finds that Ethereum is far ahead in user holdings and single transaction size, indicating that it has attracted more high-value users; while users of Solana and other public chains prefer small transactions and MEME coins. In general, there are significant differences in user value and characteristics among the public chains, and TON's performance shows a disconnect between it and the popularity of Telegram games.
"Polymarket: The Positioning, Expansion, and Shadow of the Crypto Prediction Market"
As the largest 2024 US election prediction market, Polymarket has users betting nearly $1.5 billion, far more than its Web2 competitors. Prediction markets in a narrow sense focus on information discovery and public decision-making rather than traditional gambling. The introduction of cryptocurrencies has brought a freer trading and payment experience, and Polymarket's users also appear to be older and more focused on information analysis. Polymarket's success is not only due to its high-quality user experience and transparent mechanism, but is also closely related to the rise of hot events such as global elections. However, after the November election, market liquidity may drop significantly, which will affect its future development. Faced with competition and challenges, Polymarket needs to carefully formulate subsequent strategies to maintain its market position.
From Novice to Alpha Master, 50 DYOR Tools You Can't Miss
This article introduces 50 excellent research tools designed to help users refine market insights, analyze protocols, and verify market data assumptions. The tools are divided into multiple categories, including fundamental analysis, releases and news, financing, token economy, project discovery, trading, passive income, and airdrops. Each tool has its best use scenario, such as TokenTerminal and DefiLlama for basic data analysis, Messari for dynamic and research reports, CryptoRank and CypherHunter for tracking financing data.
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