BTB投研-AG

The research content is for reference only and does not constitute investment advice. Do your own research (DYOR) and bear the risks and profits yourself.
Track: (Belongs to LSD) = River is a cross-chain stablecoin protocol that allows users to collateralize assets on one blockchain and mint stablecoins like satUSD on another blockchain.
No need to use bridging or wrapping mechanisms. This system implements a native, chain-abstracted minting method through the Omni-CDP (Collateral Debt Position) module built on the LayerZero-based OFT standard.
| Category | Allocation Ratio | Token Quantity | Release Plan |
| Dynamic Airdrop (Community + Reserve) | 30% | 30,000,000 | 180 days dynamic conversion window |

The research content is for reference only and should not be considered investment advice. Do your own research (DYOR) and bear the risks and rewards yourself.
Track: Tradoor is a decentralized derivatives exchange deployed on the TON blockchain, focusing on leveraged perpetual contracts and options trading, with mainstream cryptocurrencies offering up to 100x leverage
You can use the BOT on Telegram to trade directly (similar to WeChat mini-programs). The web experience is average, primarily focusing on BOT trading; feel free to try it out if you're interested.
| Token Symbol | TRADOOR | BEP-20 Standard |
| Total Supply | 60,000,000 | Fixed supply, no issuance |
| Circulating Supply | 14,349,000 | Accounts for 23.9% of the total supply (as of December 31, 2025) |

The investment research content is for reference only and does not constitute investment advice. Do your own research, and you are responsible for your own gains and losses.
Track: Brevis is a zero-knowledge proof (ZK) co-processor and modular zkVM (Pico) platform, enabling smart contracts to access complete historical on-chain data and perform off-chain computation verification through ZK proofs.
In plain language: Brevis is like the blockchain world; it helps you find historical data across multiple chains, calculates results accurately, and provides a proof that cannot be forged from the notary office + data assistant.
The usefulness of Brevis: more accurate reward distribution based on users' real behavior across chains for points/airdrops, preventing witchcraft fraud. DeFi is smarter by using full-chain data for risk control, automatic adjustment of interest rates/positions.

The content of the investment research is for reference only and does not constitute investment advice
Track: Lighter is a diversified perpetual contract DEX based on Ethereum L2 zk-Rollup, including mainstream coins, US stocks, foreign exchange, and gold, with a maximum leverage of 50 times
Total supply: Token LIT 1 billion pieces. As of December 29, the total value locked (TVL) of the entire exchange is $674,427,586.70
The website is still very smooth with no delays or stuttering, and it supports multiple languages. The only downside is that I haven't seen a download channel for mobile. Interested users can try it out themselves
Founder background
Vladimir Novakovski (Founder and CEO)
Nationality: Russian immigrant, childhood immigrant to the United States

Research content is for reference only and should not be considered investment advice.
Token AXL Total supply: 1.227 billion currently priced at $0.073 Market cap: $80.46 million FDV: $90 million ATH: $2.65 down 97.24% from the all-time high
90% unlocked From January 27 to August 27, 13,508,468 tokens are unlocked each month. Based on the current price, there is an estimated monthly selling pressure of about $1 million.
Track: Axelar provides secure cross-chain communication for Web3, enabling the development of cross-chain dApps and supporting its growth beyond a single chain (simply put, it's a cross-chain protocol)
Funding amount: (Institutional price $0.028) Seed round $3.8 million, (Institutional price $0.213) Series A $25 million, (Institutional price $1) Series B $35 million, (Public sale price $1) ICO raised $50 million on Coinlist

🔍 Market status: Bull-bear contest, the foundation of the bull market has not been completely destroyed
1. Short-term impact and recovery
· In early October, affected by the escalation of the US-China tariff war, BTC plummeted more than 15% from its historical high, and altcoins generally retreated by 30%, with over 19 billion USD in liquidations across the network, setting a new record for the largest liquidations in history.
· However, after the plunge, BTC stabilized above the 200-day bull-bear line and the 'Trump bottom' (90,000-110,000 USD), with initial market risks being released and no sustained panic observed.
2. Has the core logic of the bull market changed?
· Support factors remain: Institutional funds continue to flow in through ETF channels (despite recent volatility), and the global trend of de-dollarization promotes Bitcoin and gold as parallel reserve assets.