Investor mindset has shifted in DeFi this year because regulation got clearer.
» 2024: Only 5% of protocol revenue went to token holders
» 2025: 20% of revenue distributed to holders
Buybacks, burns, fee sharing mechanisms all became safer to implement without securities risk.
The trend moving forward is that tokens that act like equity (distribute revenue) will be winning and those that don't will be speculation plays.
I expect 35-45% of protocol revenue to flow to holders as rev sharing becomes table stakes for competitive positioning.
h/t to @DefiLlama for the infographics

Crypto has more users and revenue than 2021, but most tokens are worthless🧵
Why?
Because nobody knows what they're actually buying. Everyone wanted high valuations when things were pumping.
VCs, founders, exchanges all benefited from listing at high FDVs. When the marginal

YashasEdu

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The recent market has been truly stagnant, with frequent fluctuations and erratic price swings, effectively eroding liquidity and leaving no clear direction.

Let's summarize what the top analysts are saying: During this period, resting is better than frequent trading. Maintaining your understanding is key; inaction is the best strategy.

Current Market Situation: High-Level Consolidation and "Washout"

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- Supply and Demand Structure: Sellers are showing strength...

Market Overview | BTC

Are prediction markets simply well-packaged gambling, or a revolutionary innovation?

The debate seems to have strayed from the core issue.

This article, originally written by @0xJeff and translated and personally interpreted by @anymose, retains only the general meaning; for the original flavor, please refer to the original text.

01 When Risk is Packaged as Entertainment
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Gambling has existed since ancient times:...

What are gamblers thinking?

The crypto market is heading into the final weekend of 2025, and before the new year begins, there are still opportunities for altcoins to grow further.

Leading the way is Pippin (PIPPIN), the following three altcoins are very promising...