Popular tags
AI
RWA
Meme
BTC Layer2
BounceBit
airdrop
ZKP
Layer 2
OKX
Binance
Bitget
Sui
Arbitrum
LSD
stable currency
policy
DeFi
ETH
NFT
OpenSea
GameFi
Metaverse
Vitalik
SocialFi
Algorithmic Stablecoins
public chain
BTC
Safety
KOL’s Views
More
@cmdefi
Why @HyperliquidX is more successful than other Perps is the most discussed topic today. Let’s talk about $HYPE from personal experience. 1. From the perspective of technical mechanism, the key here is actually Vault. This mechanism is available on GMX and Jupiter, but Hyperliquid’s Vault is an evolved version, with Protocol Vaults (HLP) and User Vaults, opening the door to diversification. At the same time, due to the emergence of diversified Vaults, the problem of liquidity of long-tail assets has also been solved. The trading of long-tail assets is the core competitiveness of Perps dex over cex, and it is also a problem that many competitors have been exploring to solve. Then there is the composability as a chain, which directly skips the process of transitioning from Protocol to Chain and goes straight to the final round, opening up space in valuation and imagination. 2. From the perspective of the market, here are a few plus points, which are actually worth learning from for many projects (1) Do not raise funds, do not pursue listing on large exchanges, and do not deliberately spend money on advertising. It is easier to gain favor in this round of the market by taking a bottom-up route. (2) The airdrop is generous. (3) No PUA. Although there were disputes about score dilution in several stages in the early stage, it was generally clean and neat, and there was no endless cycle of doing tasks over and over again, and then doing NFT after completing the tasks. (4) The positioning is based on the chain, providing imagination and valuation space. Hyperliquid is actually a chain, so various defi and perps combinations can be built on it, such as stablecoins, lending, etc., so there is a phenomenon that at the beginning, everyone compared the valuation of some perps dex with $HYPE, and gradually felt that it was not right, and began to compare it with the public chain. This alternative sense of gap in upward breakthrough once again drove market sentiment. (5) Positioning as Binance on the chain is very topical, because DeFi protocols such as dex, lending, and stablecoins have basically gained a place in the market, and only the perps track is still struggling, which also meets the expectations of the last piece of the DeFi puzzle. In summary, the market is uncontrollable, and the right time, right place and right people are difficult to replicate, but the technical mechanism is certain. For now, there will be no major technological innovations in the future. Vault is to Perps as AMM is to Dex. dYdX has also recently introduced Vault. In the future, more micro-innovations may involve various forms of Vault. The success of this mechanism has established Perps position, and it may no longer be the vase that looks promising but cannot develop.
Column
More
Special Topic: Breaking through the $100,000 mark, Bitcoin’s new journey
Event
More
BTC breaks through 100,000, Gate.io launches bonus week event with prize pool up to $20,000
Flow Traders, Amber, and GSR may all be market makers for Binance’s new token ACX
According to Odaily Planet Daily, Aunt Ai, an analyst on the chain, wrote on the X platform that Flow Traders, Amber Group, and GSR Markets may all be market makers for Binances newly launched token ACX. Among them, Flow Traders just received 10 million ACX from the UMA multi-signature address for market making two months ago, which was worth $2.94 million at the time. Amber received 3.68 million tokens from major trading platforms 8 months ago, and GSR Markets interaction began 10 months ago.
54 minutes ago
An ACX ancient whale sold 2.4 million tokens and made a profit of $2.56 million
According to the monitoring of Ai Yi, an analyst on the chain, in the past 50 minutes, an ACX ancient whale (or an early investor) sold 2.4 million tokens (worth $2.85 million) at an average price of $1.19 on the chain, making a profit of $2.56 million. Previously, from November 2022 to March 2024, the whale received a total of 12.03 million ACX from the Across Protocol multi-signature wallet. If the receiving price is used as the cost estimate, the average cost is $0.1208.
1 hours ago
Data: The top 10 public companies currently hold more than 527,000 BTC, accounting for 2.66% of the Bitcoin supply
Odaily Planet Daily reported that Cointelegraph published an article on the X platform stating that the top 10 listed companies currently hold more than 527,000 BTC, accounting for 2.66% of the Bitcoin supply.
2 hours ago
loading...