子敬

Last week everyone was saying that the recent altcoin season has arrived, but in fact, it’s just a few manipulated coins trying to lure you in. Don't be fooled by the manipulators! 🤣

After this, the market will start to reprice these old terms 'locking', 'attribution', and 'burning'.

Because liquidity is increasingly like a table that has been rewritten repeatedly, current users are no longer as concerned about whether projects can tell a story, but rather care more about some harder core matters:
Only those who can truly solidify their chips on the chain have the qualification to talk to users about the long term.

This is also why the governance proposal from @worldlibertyfi is worth breaking down separately. It can be said that this proposal is more like WLFI answering the market's most sensitive questions in a very blockchain manner.

If there is a tool that can double the value of your $SOL without worrying about liquidation risks, while also earning stable returns, would you be interested?

Anyway, it's just too friendly for me, because I'm a bit silly 😂 so I basically don't play with leverage, and when trading, I only buy spot. It's not that I don't want to play contracts, I really can't handle it. 😆

It seems that Hylo can help me solve this problem now, providing a reasonable, efficient, and safe way to use leverage. 😏

Hylo is an emerging DeFi protocol built on @Solana Official , and it just won an award in the payment track of the Solana Radar hackathon.

BTCFi has been a well-worn topic; among numerous Bitcoin scaling solutions, @BitlayerLabs has chosen a different path.

It did not simply replicate Ethereum's success but built a truly Bitcoin-suitable DeFi infrastructure from the essence of Bitcoin.

🔶Bitlayer's two core weapons

1⃣BitVM Bridge — A trust-minimized bridging solution.
The biggest problem with traditional cross-chain bridges is trust; users must believe that multi-signature administrators will not run away with the funds.
Bitlayer's BitVM Bridge changes the game:
▫️Challenge verification mechanism: Anyone can verify and challenge transactions.

Treehouse has just launched what is considered the strongest gain mechanism in history - Believer's Blessing Buff.

Just a reminder, the window period is only open until August 28, this may be the last chance to enter TREE at a low cost, with the potential to boost Nuts points by up to 1000%, yes, tenfold!

🔶Let's talk about (🌳,🌳), do you remember the (3,3) concept from Olympus DAO? Many newcomers might not fully understand what it is.

(3,3) comes from game theory, which assumes that if all users make the most beneficial choices for the overall situation, everyone can achieve the highest returns.

If you have been following the Sui ecosystem recently, the name Momentum must be familiar, as it has almost taken the spotlight, becoming one of the most discussed projects in the entire Sui ecosystem

Let's take a look at Momentum's impressive report card:

These numbers reflect the smart money's optimism about the potential of the Momentum mechanism, after all, attracting this much capital and users is definitely not a coincidence

◻️Momentum's list of investors includes an all-star lineup from Crypto
▫️Official support: Sui Foundation and Mysten Labs double endorsement
▫️Top US Investors: Coinbase Ventures, Circle Ventures, Jump

A major pain point currently faced by on-chain players is the complex steps involved in switching between different chains. One careless mistake can lead to switching to the wrong chain, and it is also easy to fall victim to hackers exploiting vulnerabilities to steal funds.
If there were a way to switch chains as easily as changing apps on a phone, wouldn't users no longer have to worry about cross-chain operations? — @cyclenetwork_GO is making this happen.

In simple terms, Cycle has created a multi-chain settlement layer that does not rely on cross-chain bridges. It can be understood as Crypto's 'unified payment system'. Just as you can use Alipay to pay at any merchant, Cycle allows users to conduct seamless transactions on any chain without having to use traditional cross-chain bridges.

Recently, many people may have heard of @irys_xyz. It is a Layer 1 project established in 2021, but unlike the traditional 'storage chains' we know—this is a programmable data chain.
Meaning: It's not just about locking data in a safe but making data active, able to execute contracts, and generate revenue

In Irys, data is no longer just cold files stored via external links but can be run, interacted with, and monetized as 'living assets'.
For example 🌰:
You released a song on Irys, and this song will not only be permanently stored but will also come with a copyright contract—every time someone plays, samples, or uses it for AI training, you will automatically receive a share. This is the utility of 'programmable data'.

I just experienced the two new protocols launched by the decentralized AI project Gradient Network that raised 10 million USD, and it feels like I’ve touched the future in advance, very impressive! Let me share my personal experience 😎.

Parallax AI Chatbot — a decentralized AI that 'knows' it is decentralized.

What I’m most curious about is its Parallax decentralized reasoning engine, which is said to be able to run large models on various devices. I tried its AI chatbot and asked a soul-piercing question:
'As a decentralized AI running on Parallax, how do you perceive your own 'awareness'?'

In early 2024, there was a fleeting NFT craze on SEI, and Yei was among them, firmly occupying a leading ecological position
Additionally, if you have followed the Sei ecosystem, you will find an interesting phenomenon: nearly half of the funds are locked in the same project, which is Yei Finance

A project officially 'designated' by the public chain
When giants like Backpack, Circle, and Etherscan announced their support for the Sei chain, Yei had already been deeply involved in this chain for a long time. Interestingly, Sei has publicly endorsed Yei more than once, which is uncommon for a public chain

Do you remember those nights when you stayed up late playing games, only to gain virtual achievements similar to leaderboards?
Perhaps you have also fantasized about when your outstanding gaming skills could translate into actual value, and Elympics is making all of this a reality—potentially one of the most noteworthy gaming platforms this year.

🔶 Elympics is not just another GameFi project.

Its core concept will disrupt traditional gaming rules, leading an industry movement for Play 2 Win (P2W)

🔸 P2W is a brand new competitive model launched by Elympics, where ordinary users will no longer feel powerless when facing big spenders. They just need to pay a small amount of $ELP tokens as a registration fee, join the game, and compete solely based on their skills. The top-performing players will share the prize pool, which is fair to all players, and developers will also earn from each match.

Do you remember the new token $ERA from the recent #BinanceAlpha airdrop?

The impression is only endless tears 😭 According to convention, shouldn't the Alpha airdrop be launched immediately? As a result, it quickly surged through major exchanges like Binance Spot, Coinbase, and Upbit, causing many group friends to end up with sore thighs. Taking advantage of the recent two days of correction and consolidation, there’s an opportunity to study this project 🧐.

Overall, Caldera's ambition is not ordinary. It not only aims to become the Alibaba Cloud of the crypto world but also wants to be a super accelerator for Web3.

When users are still focusing on which public chain is faster and which application is more fun,

Bitcoin 🫓 ATH, breaking 120k, it seems it will soon reach 1 million RMB per bitcoin.
Everyone has made a profit, right? If not, you need to think carefully about how to explain it to family and friends 😂.

Penguin

Has been trending these days 🐧.

'New avatar, who doesn't like it?'

As mentioned before, 'Penguins is the face of crypto!'

VanEck brought the chubby penguins to ring the bell on Nasdaq on June 23 this year, slowly infiltrating the influence of penguins into traditional finance.

It seems that the penguins are playing a big game, not only aiming to be the industry benchmark for Web3 NFTs but also to become the mascot of a new round of financial narratives, wanting to change the traditional 'cold' stereotype of the financial world and capture the hearts and minds of a new generation of users with a visual image.

Finished reading @lonelyhorseme bro’s
"NFT is constantly developing, but we are falling behind"
The following is my reflection on witnessing the rise and fall of NFT projects in the Chinese region in the past two years💔

"The Chinese NFT circle is almost dead. When PFP, as the engine of the wealth effect, gradually stalls, NFT has gradually become what everyone calls "dogs don't play" in the Chinese circle. "
——This seems to have become a consensus🥶

In the final analysis, the root cause lies in Eastern ideology. Because of China's rapid modernization process, it took us decades to complete the path that Europe and the United States took for nearly 200 years. From famine and war, to extreme material poverty, to the fact that most people now have no food and clothing. Worry even begins to enjoy life

🔥Preliminary introduction, the trend of Socialfi track led by Friend tech has been intensifying recently. Personally, it seems that there are two forms of socialfi products (non-professional players, please add and correct if there are any omissions or errors)🅰Let’s talk about the first one There are three mainstream players in the market who are relatively loud: @friendtech
@starsarenacom
@tomo_social The current situation of these three products is different: ◼FT is in the growth bottleneck period when the product has no new hot spots and is diverted by other competing products; ◼SA is in the crisis recovery period after the last systemic risk, and the current product is still waiting In the second launch, the latest update is that the product has been launched, but the trading function has not yet been launched; ◼Tomo is in a sharp retracement or quiet period after the first wave of short-term popularity. Its true value still needs to be released by the project party’s financing news, and To verify the updates on the product side (this is basically the same as the path of early FT), especially for the financial security that everyone is more concerned about, the fastest way is to launch the H5 web page as a backup plan (the ios side of Metamask has been removed from the shelves for many Players have sounded the alarm 🤣Now restored), as word of mouth spreads through the grapevine, the second round of climbing has now begun. Summary 1️⃣The biggest commonality of this type of products is ponzi (we will not discuss this first) I would like to comment. At present, it is impossible to define the quality of ponzi based on its model, or to determine whether players can make money from it. This has a great relationship with personal ability. Moreover, at this stage, any web3 product with some fi attributes seems to be like There are only a few examples that are not ponzi. After all, financial attributes are the top priority of the current web3 hotspot rotation) 2️⃣The important point is the second point. The delivery of the final value of this type of existing products heavily depends on the room owner. Operational capabilities, whether it is early alpha information, personal relationships, various physical objects, virtual asset draws, or even offline empowerment, all require conscientious room owners who want to operate well to invest a lot of energy in maintaining user relationships and providing holders with Providing valuable things to match the support of Key holders. Of course, there is also an expected benefit for holders and room owners in the later points redemption airdrop. This is also an important point to look at, but in the end it is extremely uncertain. The distribution mechanism of airdrops is also a completely centralized black box. The final mechanism is decided by the project party. Most of the participating users come to fight for their expectations. With the help of a capital, a short-term wealth creation effect will be generated🔷The core of this type of product at present The disadvantages lie in two points (let’s not discuss the wear and tear caused by the ultra-high commission for each transaction) 🔹Some high-quality content creators who cherish their own feathers and just want to output content diligently but do not have time to run the room will not join. This ponzi movement has invisibly limited the upper limit of the entire product end. You can see that many truly influential content producers in the Chinese and English areas on tw have not opened their own rooms on ft. Users have also Unable to purchase keys (although Tomo cleverly solved ft's dilemma with the concept of unclaimed value), in this way, for key holders of this type of room owners, although in the short term it does help players to ambush some unsettled players. room owner, but in the long run, if the room owner decides not to settle in, the user experience on the product side will be completely reduced to a financial game lasting more than 6 months. It can be said that at least in terms of content acquisition, There will be no value for this type of users) 🔹For Social, our traditional thinking should be to expand social influence, thereby expanding more beneficial marginal effects on content dissemination. I have previously published an article discussing the logic of ft-type products , the exponential increase in the price of the main room key is naturally not conducive to subsequent players, blocking many potential paying users from the door, unable to grow, and limiting the scale of users🔸There is also a third point that is not a focus of discussion , because the income of the homeowner is directly linked to the platform's rake, and the commission for each transaction is divided into half. As far as the income model is concerned, it will lead to the way to maximize the income of the homeowner without considering the fluctuation of the Key price, which is to encourage the high liquidity of the Key holder. sex, rather than user acquisition (this point considers the comparison pattern of most head FT room owners, and the current market incremental funds are too small. This behavior is relatively rare, and belongs to the room owner sacrificing personal economic interests in exchange for social value. One way, but there are still problems in terms of mechanism) 🅱The second category is another branch of the socialfi track. It only requires simple tag # tags in daily interactions on tw to achieve interactive projects, which is understandable. 0 masturbation projects, you can participate without investing money 1️⃣The representative here is @tipcoineth, who was very popular more than a month ago. Judging from the current review, although it can be said to have phenomenal popularity at the time, in the short-term fomo Later, due to the design problem of the product mechanism, a large number of influencers brushed each other's points and a large number of bots were kicked off in the early stage. However, the project party did not make reasonable restrictions and avoidance of this situation, resulting in extremely high chip concentration. Three rounds of airdrops After the currency passed, it led to a large number of market crashes, and no follow-up gameplay was seen. Naturally, there was no way to escape the fate of returning to dust. In addition, even though there was high popularity and corresponding wealth effect expectations at the time, due to the random rush of bots, The entire tw environment has been messed up. Many users and many influencers are disdainful to participate. There are even many users who have blocked accounts that earn points every day. This point also needs to be reflected on the product side.