Chainfeeds Summary:
The recent narratives on DeFi and AI Agents have attracted market attention, and crypto researcher CM has reviewed the important updates and hot topics in the crypto market.
Source:
https://cmdefi.substack.com/p/cmdefi-farming-029
Author:
CM
Viewpoint:
CM: ve (3,3) has become the new darling of the current DEX cycle, with representative products: Velodrome and Aerodrome. 1) Their team has proposed the three-body problem of DEX, which essentially means that if you want to satisfy the interests of one party, you have to take it from another. For example, if UNI opens the fee switch, it needs to require the transfer of fees from LPs to UNI stakers, which may mean that LPs will leave. 2) MetaDEX has solved the problem of balancing the interests of tokens, traders, and LPs, especially the sustainability of token issuance. Token holders (locked-in stakers) have the incentive to allocate more votes to high-volume pools, and in turn, high-volume LPs receive higher token rewards, achieving a dynamic balance. Aerodrome recently launched the AERO Fed, allowing veAERO voters to adjust the token emission rate of AERO. Aerodrome is based on Base, and Velodrome is based on Superchain, both of which are representatives of the current ve33 DEX model, which is more suitable for this cycle.
The AI Agent phenomenon is experiencing a surge in popularity. Beyond the framework debate, focus on the potential super-apps that individual AI Agents may unleash. 1) Platform framework types: ai16z (Solana) and VIRTUAL (Base) are the two camps, and there is little opportunity for latecomers to the chain, unless there is a phenomenal innovation. 2) Individual AI agents: represented by aixbt, which has already dominated various statistics, exhibiting capabilities that surpass human KOLs. AI Agents in the same track as aixbt, such as @unit00x0, the first verifiable quantitative analyst, and REI, whose market cap has grown from $20M to $40M recently.
Aptos is one of the fastest-growing ecosystems in the past year: 1) Growth started to accelerate in 2024, with a 19-fold increase in TVL year-over-year; 2) Native USDT and USDC have been launched; 3) BlackRock's BUIDL and Franklin's FOBXX have been deployed on-chain; 4) Binance has started supporting USDT deposits and withdrawals on the Aptos network; 5) A Spanish bank has allocated 2% of the assets from one of its funds to the Bitwise Aptos Staking ETP listed on the Swiss SIX exchange; 6) Aptos' overall developer growth was 96% year-over-year in Q3.
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