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陈剑Jason 🐡
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喜欢写点项目和行业的分析，也作为投资者和顾问与部分项目存在利益相关，请注意我的内容无法完全保证客观。 OpenLedger 🐙 超100%POR资金储备，安全首选。交易所&钱包，OKX就够 。🔗 https://t.co/iFUpotWfVJ
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Signal Clone Analysis
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陈剑Jason 🐡
Circle's stock price has doubled since its earnings report on February 26th. Looking back, this "counterattack" was foreshadowed long ago. With USDC's issuance only 40% of USDT's, USDC's trading volume has surpassed USDT's for three consecutive months this year. In January, USDC narrowly defeated USDT's $51.4 billion with $61.4 billion, showing early signs of a trend. In February, USDC's trading volume more than doubled to $49.8 billion, reaching $128 billion. Currently, halfway through March, USDC still holds the lead. However, as shown in Figure 2, USDT still dominates in terms of transaction frequency. This difference in metrics reflects that USDC, which focuses on compliance, primarily facilitates large-scale, low-frequency institutional trading, while USDT mainly facilitates small-scale, high-frequency retail trading. With both having backdoor blacklists, USDT's competitiveness in the black market is gradually shrinking, and it's being squeezed out of the compliant institutional market by Circle. Tether's previous days of seemingly invincible profits are no longer as easy as they used to be.
USDC
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陈剑Jason 🐡
03-10
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The core issue isn't the unlocking time itself, or rather, adjusting the unlocking time won't solve the fundamental problem. The real issue is, "Why can a project with no users, no product, and only a white paper be valued at billions?" If the underlying assets have no value, then any sophisticated mechanism design is just a castle in the air. Innovation in the industry isn't because money can't be released; it's because the money was initially invested in the wrong places. Therefore, VCs must lose money. Only when those who followed the trend and inflated prices lose money and truly exit, tightening their purse strings, will valuations come down. Why do many people complain about the long unlocking period? Because by the time it's your turn to unlock, the coin is worthless. Why is the coin worthless by the time it's your turn to unlock? Because the team has stopped working and the project is dying. Why is the team stopped working and the project is dying? Because the initial valuation was too high, making further effort unnecessary. And why was the initial valuation too high, making further effort unnecessary? Think about why. Of course, it's because you VC fools personally inflated it. So you have to reap what you sow. If, when it's your turn to unlock, the team is still working themselves to the bone, user revenue and all sorts of metrics are growing, and they've secured a place in the industry or even expanded their territory, would you still complain about the long unlocking period? I'm not targeting anyone in particular; I'm talking about all VCs.
JackYi
@Jackyi_ld
03-10
加密行业这几年最大的问题创新衰退了，这个问题根源来自两方面，一是美国上一届政府加密政策收紧，随着这次加密结构法案通过应该能解决。二是币安要求项目对加密VC的1➕3年锁仓机制，相信币安初心是好意，培养长期投资思维。现在这个机制后果是让项目方，做市商，交易所Liquidity先跑，而VC在漫长的解
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