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Review of this week | Fractal will airdrop FB tokens to users; Ethereum Foundation AMA responds to market doubts
Summarized by AI
BlockBeats will organize the key industry news content of the week (9.2-9.8) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Grass launches airdrop check page, the first airdrop accounts for 10% of the total
On September 5, Grass announced the launch of the airdrop check page. The check page only reflects the allocation of Closed Alpha and Epochs 1-7, and does not include the ongoing Bonus Epoch or To Be Announced allocation. The total supply will be 1 billion GRASS tokens, of which 10% is reserved for the first airdrop. The detailed allocation is: Closed Alpha: 1.5%; Epochs 1-7: 7%; Bonus Epoch: 0.5%; To Be Announced: 1%. The community is full of resentment about this airdrop, and many people said that they were counter-robbed. Related reading: "Grass airdrop was launched but was "counter-robbed"? A list of details and token valuations"
It has been exactly 7 years since the Chinese government stopped ICO activities on September 4, 2017
On September 4, 2017, as many as seven Chinese government departments issued the "Notice on Preventing the Risks of Token Issuance and Financing", which stopped ICO and classified it as an illegal financial activity. All domestic virtual currency trading platforms were ordered to close within a time limit and stop new user registration. The closing price of Bitcoin on that day was US$4,100, and then fell to US$2,817 on September 15, 2017. Related reading: 《9.4》Falling again: market sentiment is tense, and the trend is heavily dependent on data》
Arthur Hayes: Short-term bearish, Bitcoin is expected to fall below $50,000 this weekend, and short selling has been carried out
On September 4, BitMEX co-founder Arthur Hayes pointed out that due to political pressure and election cycle factors, it is difficult for the government to significantly cut spending or increase taxes, which will cause the US economy to continue to hover under the dual pressure of inflation and growth. Faced with this situation, the Federal Reserve may no longer raise interest rates further, and the market itself may respond to high debt financing costs by adjusting interest rates. The 10-year US Treasury yield may climb to 5% again, triggering a new round of fluctuations in the financial market. The price of Bitcoin has become one of the most sensitive indicators of the liquidity status of the US dollar. Hayes believes that if interest rates rise again and market liquidity tightens, Bitcoin and other cryptocurrencies may face a new round of price corrections. On September 6, Arthur Hayes said, "It is expected that Bitcoin will fall below $50,000 this weekend, and shorting is being carried out." Related reading: "Arthur Hayes: The Fed's policy shift may face a storm in the market in September"
Bitfinex report: Bitcoin bottom may be between $40,000 and $50,000
On September 2, Bitfinex released a report saying, "This month's Fed interest rate decision is expected to significantly affect Bitcoin's short-term volatility and long-term trend. A 25 basis point rate cut may mark the beginning of a typical easing cycle, which may lead to a long-term rise in Bitcoin prices. On the other hand, a larger rate cut of 50 basis points may cause a surge in Bitcoin's immediate price, but it may be followed by a correction as recession concerns intensify. We would remind that there may be a 15-20% drop when the rate cut occurs this month, and the bottom of Bitcoin may be between $40,000 and $50,000.
Non-farm data released, the Fed's mouthpiece said that the non-farm report is unclear, and it is still unknown whether the rate cut will be 25 or 50bp in September
On September 6, the seasonally adjusted non-farm payrolls in the United States in August were 142,000, and the expected 160,000, the previous value was revised from 114,000 to 89,000. Nick Timiraos, the "Federal Reserve mouthpiece", said that the non-farm payrolls report is likely to provide a clear signal about the extent of the Fed's first rate cut, whether it is 25 basis points or 50 basis points, the market pricing will immediately rise to 90%. However, this non-farm payrolls report did not solve this problem well. At present, the market is pricing "half and half" for a 25 or 50 basis point rate cut.
Telegram founder Pavel Durov spoke out after being arrested and promised to improve platform supervision
On September 6, Telegram founder Pavel Durov spoke through Telegram after being arrested in France, not only condemning the reasons for his recent arrest, but also stating that the company is ready to withdraw from markets that are incompatible with its privacy and security principles. Pavel Durov further mentioned that Telegram has taken similar actions in multiple countries, such as Russia and Iran. He said, "If a country is dissatisfied with platforms such as Telegram, it should sue the service platform itself rather than its CEO. The claim that Telegram is some kind of anarchist paradise is absolutely untrue. We have direct channels of communication with non-governmental organizations to handle urgent regulatory requests more quickly. In addition, Telegram has deleted the "People Nearby" feature, which is used by less than 0.1% of Telegram users and has problems with robots and scammers. Telegram will launch "Nearby Businesses" to replace it. "Related reading: "TG founder speaks for the first time after arrest: We are not for making money, but for defending people's basic rights", "Real-time update | Telegram transfers its statement on chat privacy; founder promises to improve platform supervision after arrest"
Eigen Foundation releases the second season Stakedrop details, open for collection on September 17 at the latest
On September 5, the Eigen Foundation released the second season Stakedrop details on social media, aiming to reward key contributors and participants in the entire ecosystem, including stakers and operators, ecosystem partners, and the community. Token collection will be open on or before September 17. The detailed rules are as follows: stakers and operators (those who staked ETH or EIGEN during S2); ecosystem partners (including AVS, LRT, Rollup, RaaS providers, and other major contributors to the EigenLayer ecosystem); community (early advocates, contributors, and projects that have supported EigenLayer since its inception)
Tiger Brokers opens AVAX and LINK trading to retail investors
On September 4, Tiger Brokers (Hong Kong) announced that it would open Avalanche (AVAX) and Chainlink (LINK) trading to retail investors, as well as Aptos (APT) and Toncoin (TON) trading to professional investors. Tiger Brokers said that after fully opening virtual asset trading to retail investors on July 1, the number of traders and orders continued to surge in the following two months. Data from its flagship investment platform Tiger Trade showed that the number of cryptocurrency trading orders and the number of traders in Hong Kong users increased more than two times month-on-month in August. Currently, Tiger Brokers supports retail trading in 4 currencies. The number of currencies available for professional investors to trade on Tiger Trade has increased to 20. It is expected that more new currency trading rights will be opened to professional investors in early September.
Fractal Bitcoin launches mainnet Bootstrap plan, airdrops 1 million FB to UniSat and OKX wallet users
On September 6, Fractal Bitcoin, a Bitcoin expansion solution, announced the launch of the Fractal Mainnet Bootstrap plan, with a reward of 1 million FB. The community plan aims to reward users who actively use UniSat and OKX wallet services on the Bitcoin mainnet. Simply click on the link on the website to check eligibility, no registration or claim is required. Related reading: Fractal's FSIC and ASIC, are we buying "computing power" or "attention"? 》
The Ethereum Foundation research team conducted an online AMA again after January this year, responding to many questions and Ethereum development plans
After 8 months, the Ethereum Foundation research team conducted the 12th AMA on the reddit forum, facing many questions. At 9 pm Beijing time on September 5, the Ethereum Foundation research team began to answer questions one after another, including the reasons for the increase in ETH prices, how long it will take for the Ethereum Foundation's funds to run out, blobs (EIP-4844), ZK and Rollup, etc. Rhythm BlockBeats screened and sorted the questions and answers and compiled them into a text. It should be noted that the core developers have their own views and speculations on certain topics. To avoid misinterpretation, please refer to the attached original post link. Related reading: Can ETH still rise? Ethereum Foundation personally responded｜AMA review》、"Core Circle Researcher Talks about ETH: It's Time to Redesign Ethereum's Roadmap｜In-depth Interview"
Vitalik: There is no plan to invest in Layer 2 or other tokens in the future, and all proceeds will still be used to support the Ethereum ecosystem
On September 6, Ethereum co-founder Vitalik Buterin said that all proceeds from the Laye 2 project will be donated and used again to support public products within the Ethereum ecosystem or broader charities (such as biomedical research and development). He also does not plan to invest in Layer 2 or other token projects. His goal in funding projects is to support things he believes are valuable, especially when other parts of the ecosystem may underestimate them.
Founder of Ordinals: Rocktoshi is not a co-founder of Ordinals, and he is notorious in the Ordinals ecosystem
On September 4, Rocktoshi posted a message claiming to be the co-founder of Ordinals. Ordinala wrote code with Casey and Raph in the early days. On September 6, Casey Rodarmor, the founder of Ordinals, responded that Rocktoshi (founder of Node Monkey) was not a co-founder of Ordinals. Casey founded a startup company, Ordinals Corporation, in February 2023. Rocktoshi was one of the four co-founders at the time, but the company only existed for three months. It was conceived and created after the development, launch and success of the protocol and had nothing to do with the protocol. Casey believed at the time that Rocktoshi was not worthy of reliance or trust, so he proposed a separation. But Rocktoshi still pestered Casey and asked him to pay $5 million in exchange for his equity in the company. Even after the company was dissolved, Rocktoshi had been sending threatening emails to Casey for months. There are many people in the Ordinals ecosystem who have dealt with Rocktoshi, and everyone says that he has had similar long experiences with Rocktoshi, namely being threatened, deceived, manipulated, and cheated. Related reading: 《Ordinals founder dispute: BTC ecosystem bigwigs collectively exposed "Ishimoto Satoshi" fraud and made millions of profits》
Etheism, a new token protocol in the Ethereum ecosystem, released a token, with a transaction volume of $9.6 million in 7 hours after going online
On September 5, Etheism, a new token protocol in the Ethereum ecosystem, released the token E, which rose by 80,299% in 7 hours after going online, with a transaction volume of $9.6 million. According to the official website, Etheism is an ERC-20 token that can embed an SVG image of "Etheist Freak" directly in the transaction data of the token. The image is generated using a mathematical formula inspired by DNA sequencing and evolves as the supply of tokens decreases. On September 7, the price of E had fallen sharply from the high of $7,937 on September 6 to $3,718.
Aleo announces incentive plan airdrop targets and token claiming process
On September 5, the programmable privacy network Aleo announced the incentive plan airdrop targets and token claiming process, and will open the claiming of reward tokens to eligible participants after the mainnet is launched. These include the following users who participated and received rewards: Ambassador Program, Setup Ceremony, Testnet 2, Testnet 3, Testnet Beta, ZPrize2022/2023, zkML Initiative and Enigma. The tokens claimed by users will be locked for 1 year. During this period, the tokens cannot be transferred or exchanged. Token distribution will be carried out after the lock-up period ends.
CFTC accuses Uniswap Labs of providing illegal digital asset derivatives trading
On September 4, the U.S. Commodity Futures Trading Commission (CFTC) issued an order to Uniswap Labs, accusing it of providing illegal digital asset derivatives trading. The CFTC requires Uniswap Labs to pay a civil penalty of $175,000 and stop violating the Commodity Exchange Act (CEA). According to the detailed announcement of the CFTC, Uniswap Labs has actively cooperated with the investigation and only needs to pay a fine of $175,000. The CFTC acknowledged that Uniswap Labs actively cooperated with the law enforcement investigation into the matter and reduced the civil penalty.
Penpie Rewards Protocol Attacked, Losing About $27 Million
On September 4, Penpie, an interest-bearing asset yield aggregator built on Pendle, suffered an attack on its rewards protocol, losing about $27 million, and immediately suspended all deposit and withdrawal operations. The Penpie team left a message on-chain to the hacker, saying that they were willing to negotiate a bounty and would not pursue legal responsibility if the funds were returned. In addition, the Penpie team will initiate a governance vote to determine the compensation plan, and has issued a bounty announcement, offering a bounty of up to 10% of the recovered funds to any individual or group that provides reliable information to identify the hacker and recover the stolen funds.
L2 daily transaction volume and monthly active users doubled in the past 6 months, but Ethereum L1 revenue fell 99%
On September 4, according to Tokenterminal monitoring, Ethereum L2 transaction fees have dropped significantly in the past 6 months, and L2 daily transaction volume and monthly active users have doubled. But the resulting "damage" caused Ethereum L1 revenue to fall by 99%.
Binance plans to launch Solana liquidity staking token BNSOL by the end of September
On September 4, Binance plans to launch a Solana (SOL) staking product by the end of September. BNSOL will allow users to stake SOL tokens to obtain part of the fees paid by the network and mint a liquidity staking token that can be used when these underlying tokens are locked. "Unlike native staking, BNSOL allows users to unlock liquidity, enjoy continuous reward accumulation, and seamlessly participate in the Binance platform and the broader DeFi ecosystem. It is an ideal solution for those who want to maximize the potential of their staked Solana tokens," said Vishal Sacheendran, regional market head of Binance, in a statement.
People's Court Daily issued a document suggesting that comprehensive guidelines for the judicial disposal of virtual currencies should be issued as soon as possible
On September 3, the People's Court Daily issued a document entitled "The Judicial Disposal of Virtual Currency Must be Standardized", pointing out that the standardization of the judicial disposal of virtual currencies is essential to maintaining financial stability and promoting the healthy development of the market. According to statistics from the SAFEIS Security Research Institute, the total number of cases involving virtual currency crimes in China in 2023 was 428, a decrease of 88.9% from 2022, but the amount involved increased sharply to 430.719 billion yuan, about 12.36 times that of 2022. The article emphasizes that the current disposal of virtual currencies faces multiple challenges such as ownership identification, value assessment and legal realization. In order to deal with these problems, it is recommended to issue comprehensive guidance on the judicial disposal of virtual currencies as soon as possible to clarify their legal status, compliance requirements, asset disposal procedures and legal responsibilities.
Daniel, an investor in "Black Myth": A large number of game industry entrepreneurs are doing Web3, and those people do not love games
On September 2, Daniel, the first investor in "Black Myth: Wukong", said in an interview with Zhen Fund that at any time it is games plus other things. "I have seen a large number of game industry entrepreneurs doing Web3 after Web3 came out, and I would never invest in those people. First of all, they don't love games, so how can they make good games?"
Anhui police in China cracked down on a money laundering gang using virtual currency trading platforms, involving tens of millions of yuan
On September 5, the Wuhe County Public Security Bureau of Anhui Province successfully cut off a chain of money laundering crimes that used virtual currency trading platforms as a cover, and three suspects were finally caught. The money laundering gang took advantage of the public's vague understanding of virtual currency investment and used virtual currency trading platforms as a cover to engage in illegal money laundering. The amount involved by the gang was as high as tens of millions of yuan.
Hot articles this week
On August 26, 2024, Yang Bin, once the second richest man in China, sat in the dock of the Singapore High Court. He didn't look very good and had stomach cancer. In the end, the judge read out the verdict, and Yang Bin was sentenced to six years in prison and a fine of 16,000 Singapore dollars for allegedly disguising cryptocurrency investments and operating a multi-million dollar Ponzi scheme. The former richest man in China and leader of the North Korean Special Administrative Region has a legendary business empire full of ambition and glory. He has experienced the transformation from an orphan to a billionaire, and from a business tycoon to a prisoner. This article gives a complete review of his legendary life.
《Can ETH still rise? The Ethereum Foundation personally responded｜AMA combing》
The resurgence of Solana, the market performance of ETH is far below expectations, the exchange rate of ETH to Bitcoin continues to hit new lows, and the frequent selling of ETH by the Ethereum Foundation address, the Ethereum Foundation has received unprecedented attention recently. After 8 months, the Ethereum Foundation research team conducted the 12th AMA on the reddit forum, addressing many questions, including the reasons for the rise in ETH prices, how long it will take for the Ethereum Foundation's funds to run out, blobs (EIP-4844), ZK and Rollup, etc. This article compiles the core issues of this AMA into a text for readers' reference.
This episode of the Bankless podcast features Max Resnick, a researcher at SMG (@specialmech). He has some different views on the Ethereum roadmap than the mainstream. Max believes that the Ethereum community is overly focused on Rollups and has neglected the improvement of L1, making it difficult for L1 to support the application needs of key areas such as DeFi. He calls for re-prioritizing the decentralization and performance optimization of Ethereum L1 instead of relying solely on L2, and believes that the Ethereum roadmap should be redesigned, and the most important thing to consider is to shorten the block time. During the discussion, Max also expressed his optimism about ZK technology and questioned the possibilities that the current L2 ecosystem development will produce.
On August 25, Telegram founder and CEO Pavel Durov was detained in Paris, France, and faced multiple charges including fraud, money laundering, and terrorism. On August 29, Pavel Durov was released after paying a 5 million euro bail, but was not allowed to leave France. After nearly a week of silence, Durov posted a message on his official personal channel for the first time on Friday to respond to the Paris detention storm, and promised to significantly improve platform supervision.
《Grass airdrop was launched but was "reverse-pulled"? Details and token valuation at a glance》
This Thursday, the Grass airdrop query went online. The query page only reflects the distribution of the test Alpha season and seasons 1-7, excluding the ongoing reward season and the distribution to be announced. It is reported that the total supply of GRASS tokens is 1 billion, of which 10% are for the first airdrop. But the results of the airdrop disappointed many people. Whether it is an individual with a single number or a studio that makes a lot of money, almost all of them are complaining that the number of grass airdrop tokens is too small and full of resentment. This article briefly introduces the Grass project situation, as well as over-the-counter prices and other information.
《ENA plummeted by more than 80%, and the algorithmic stablecoin fell into a death spiral again? 》
This week, Ethena Labs announced the end of the second season airdrop and has started the third season airdrop. It is reported that Ethena has completed $20.5 million in financing last year and this year. It has built a derivatives infrastructure to achieve "Delta neutrality" to obtain stable returns. In addition, it also provides an annualized rate of return of up to 35%, and the combination of the two provides investors with a strong storage power. In terms of marketing, Ethena has received support from a group of KOLs who are the most influential in this round of bull market, as well as endorsements from many venture capital companies. But just when it was in its heyday, the crisis came quietly. This week, ENA almost fell below $0.2, and has fallen by more than 80% from its historical high of $1.52. What happened to ENA? Why did it fall all the way? After reading this article, it may give you some thoughts.
《Webx2024 Special Observation: Japan's Crypto Market Ready to Take Off》
At Webx2024 in Japan, the Crypto market showed a strong contrast. On the one hand, senior government officials support the development of Web3, while on the other hand, the industry remains conservative and slow. The launch of Sony Chain has aroused expectations, but the lack of innovative breakthroughs may hit the creativity of Japan's crypto industry. Japanese projects focus more on IP content, NFT, and GameFi. Although cultural barriers hinder their global expansion, the spirit of craftsmanship still drives the fine polishing of projects. When compared with the world, public criticism seems unfair. Japanese project parties are more willing to develop steadily and avoid excessive risks. Side events emphasize interpersonal connections and show the unique charm of the Japanese crypto community. Despite the sluggish market, with the arrival of a new cycle, Japan's blockchain industry is still full of hope.
In this article, the author uses simple and precise language to describe the tracks and targets that he will focus on in September from his personal perspective, including BTC ecology and Uniswap v4. At the same time, CZ will be released from prison in September, which will also have a good expectation for $BNB-related targets. However, the author mentioned that September is still a dangerous month, and you need to be extra careful when trading.
《Arthur Hayes: The Fed's policy shift may face a storm in the market in September》
The Fed's rate hike policy has had a significant impact on assets such as the U.S. Treasury market, inflation, and Bitcoin. With the policy shift in August 2023 and the increase in government fiscal spending, market expectations have changed, leading to higher bond yields and stock market volatility. Bitcoin once benefited from the rise, but its price fell back amid tight liquidity. Uncertainty about future policies, especially the possibility that the Fed may cut interest rates and push up bond yields, has further exacerbated market instability and raised concerns about the fragility of the banking system. The crypto market may continue to fluctuate in September, and altcoins may fall further.
《Binance increases investment in AI, what projects are it betting on? 》
Recently, Binance Labs, the venture capital arm of Binance, has increased its investment in the field of AI, and its investment director Max Coniglio publicly stated that "AI and blockchain are a powerful combination." What is the appeal of AI+blockchain? The key point is that they can complement each other and overcome each other's weaknesses. On the one hand, AI can improve the user experience of blockchain and enhance the decentralized system. On the other hand, blockchain can ensure the authenticity of AI data, promote the collaboration of open source projects, and support the computing needs of AI. At the same time, the AI track is also a hot spot in this cycle. Therefore, this article takes stock of the AI projects invested by Binance Labs and the corresponding ways to participate.
When the market is low, the interest disputes in the crypto industry are often more obvious. This tearing war in the Bitcoin ecosystem has attracted widespread attention. Casey, the founder of Ordinals, publicly published an article accusing rocktoshi of not being a co-founder and exposing more details of the conflict between the two. Subsequently, many industry leaders such as Erin and Leo spoke out in support of Casey and exposed the negative information about rocktoshi. Although the truth has not yet been determined, this series of events shows that conflicts of interest are still a factor that cannot be ignored in the crypto industry.
《Fractal's FSIC and ASIC, are we buying "computing power" or "attention"? 》
With less than a week until the Fractal mainnet launch, the focus of the market has shifted from the new asset frenzy to the mining craze of "rushing to the first mine", especially the NFT projects related to mining - FSIC and ASIC. Both projects were slow to sell initially, but eventually sold out quickly. Mining for FSIC will start on the first day of the mainnet launch, while ASIC is expected to be delayed by a week. Although ASIC has higher computing power, the market reaction is still unclear. The price of FSIC has doubled in the secondary market, showing a strong liquidity premium.
《CFTC Commissioner Speaks for Uniswap, Questioning "Enforcement-style Regulation"》
On Wednesday, it was reported that a16z and USV were subpoenaed by a New York court regarding Uniswap regulation issues. Prior to this, the CFTC accused Uniswap Labs of providing illegal digital asset derivatives transactions. According to the detailed announcement of the CFTC, Uniswap Labs has actively cooperated with the investigation and only needs to pay a fine of $175,000. However, this penalty decision has aroused some objections. Commissioner Summer K. Mersinger issued a statement of objection to the settlement with Uniswap Labs last night. She said that the Commission’s "regulation through law enforcement" approach to DeFi protocols not only failed to provide clear regulatory guidance for the DeFi field, but also may inhibit innovation and expel responsible developers from the United States. This is why US institutions such as Coinbase have unanimously called for the formulation of clear regulatory rules.
VISTA, a new token that was born only one day ago, has rapidly risen on the EtherVista platform, with an increase of more than ten times. As an emerging decentralized exchange on Ethereum, EtherVista challenges the traditional model of Uniswap. Its unique mechanism reduces the risk of short-term price speculation and encourages long-term investment by only charging ETH as transaction fees and distributing the proceeds to liquidity providers and token creators. The platform introduces the Euler sequence mechanism to ensure the distribution of profits to each liquidity provider, and through an innovative lock-up mechanism, developers are prevented from withdrawing liquidity prematurely. In addition, the EtherVista platform also integrates real-time chat functions and customized token information display, and is committed to creating a transparent and informative decentralized financial platform.
The meme coin SICK went online after several days of warm-up, but its claimed anti-sniping mechanism failed to take effect, causing snipers to profit at the opening moment. Only two minutes after the opening, SICK's market value was pushed up to 5 million US dollars by snipers, and reached a peak of 6.8 million US dollars within 20 minutes, but then quickly collapsed, and the market value fell by 60%. SICK officials explained that technical problems caused the anti-sniping function to not be triggered, but this failed to quell the community's dissatisfaction. Meme community users questioned the project's rules of play and reminded ordinary traders to be wary of the vision portrayed by the project.
In the past week, meme coin issuance platforms on various chains have emerged in an endless stream, and all of them have run out of meme coins with good growth. At 10 o'clock last night, the first meme coin issuance platform Snek.fun on the Cardano ($ADA) chain was officially launched, and the meme community was passing on various cross-chain, line-reading and wallet tools. More than 20 hours have passed, how is Snek.fun starting?
On the evening of September 5, OKX and Binance successively launched NEIRO contracts, and the price of NEIRO exploded, with the highest increase of 6 times in two days. In an instant, the "two dogs" with the same market value, now have a market value of 25M and the other has jumped to 150M. After simply collecting the information of uppercase and lowercase Neiro, we can see the dramatic story of the two "conspiracy groups" behind it, as well as the consensus crisis that is emerging in the meme field.
《Web3 name change trend: Can rebranding bring new life? 》
Last week, MakerDAO officially changed its name to Sky Protocol, and will upgrade its tokens and stablecoins to SKY and Sky Dollar (USDS). This move has attracted many users' praise and complaints. Throughout the crypto cycle, project name changes, mergers, or token name changes are common. According to incomplete statistics from BlockBeats, there are more than 40 projects involving protocol, project or token name changes or mergers this year alone. Can "rebranding" really bring new life to the project? This article conducts an in-depth analysis of the phenomenon of Web3 name change.
《How to examine the fundamentals of crypto projects? 》
If the market is respectable and mean-reverting, then in the long run, the market will not weigh projects without fundamentals. Therefore, under the trend of further increase in Bitcoin concentration, the market will experience a wave of painful corrections to fundamentals, and both primary and secondary will return to fundamental investment. But it seems that in the crypto field, investors are not good at fundamental investment, and even talking about fundamentals seems to be a matter without consensus. Therefore, this article attempts to dismantle and propose a very interesting new perspective in the crypto field: "fundamental paradox".
《Solana's "network expansion", will it follow in the footsteps of Ethereum? ｜Featured Thread》
As the debate over Solana's shift from a single blockchain to modular expansion intensifies, the crypto community is facing a narrative battle. This article explores the challenges Solana may encounter, especially the potential fragmentation of liquidity and deterioration of user experience, which are reminiscent of the difficulties Ethereum faces in Layer 2 expansion. Will Solana lose its way, or will it continue to consolidate its position with the help of "network expansion"? At the same time, a new single-body expansion champion may emerge, and what does this mean for the entire crypto ecosystem?
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