BTC fell below 66,000 last night. Will it rebound and enter a deep bear market, or will it go straight into one? Regardless, the market is already in a hellish state. Are there any projects worth keeping an eye on lately?
I found this; I saw Decibel's Official Twitter their pre-deposit program and updating their testnet data a few days ago, and I was quite surprised. Without any incentive points on the testnet, they have over 600,000 unique accounts, claiming over a million transactions per day. It's truly remarkable that a testnet can attract so many users!
I won't go into too much detail about the Decibel project analysis; you can refer to the posts written by Lao Bai and Feng Mi for more information.
Since 10.11, there has indeed been a greater demand for traders' trading operability and exchange downtime reduction. One interesting aspect of public blockchains is that as long as they are operational, the infrastructure is perpetually dynamic. Indeed, for Prep Dex, the best approach is to use a public blockchain as a foundation, extracting its best features and incorporating liquidity from across the entire chain. Looking closely at Decibel, it only utilizes the technical advantages of Aptos' underlying concurrent transactions, but doesn't limit asset interactivity to Aptos. It can seamlessly connect to mainstream chains like Ethereum and Solana, and can also directly connect to CEXs for fund deposits. This avoids the ecosystem silos problem seen with HyperLiquid, and its fund flow design is convenient.
A Official Twitter mentioned that pre-deposits will open on February 10th, along with guild wars, and the top five guilds will reportedly receive points rewards. Regardless, LPs provide liquidity and stable annualized returns for Prep Dex, so I'm thinking of waiting for a bit. If BTC falls below 58,000 or even lower, where will your beta be?
twitter.com/ZF_lab/status/2019...
