Topics of Crypto World

In April 2025, top Solana DEX Raydium launched a token issuance platform called LaunchLab, intensifying competition with rival Pump.fun. LaunchLab features a dynamic bonding curve, a hybrid liquidity engine, and anti-rug pull mechanisms, creating a closed-loop ecosystem from token issuance to trading. This move not only enhances Raydium's structural upgrade but also reshapes the value of the RAY token, marking a shift in the Solana ecosystem from traffic sharing to value capture.

A crypto bull market typically ends after certain patterns emerge. This article analyzes 25 key indicators across 7 major categories—price valuation, technical analysis, capital flows, on-chain data, stablecoin leverage, market sentiment, and altcoin rotation—to help investors assess whether the market is overheating. It provides a detailed breakdown of each indicator’s calculation, application, and interpretation, along with an analysis of the current market conditions. The goal is to enhance readers’ ability to take profits wisely and avoid missing the best exit opportunities due to greed. By evaluating multi-dimensional indicators, investors can more accurately predict potential market tops and make smarter investment decisions.

This report provides an in-depth analysis of the inter-chain rotation pattern of DeFi trading volumes from Q1 2024 to Q1 2025: DEX activity peaks have receded, Solana's top five native protocols are leading the charge, Hyperliquid has staged a comeback in the derivatives market, and Base and Ethereum are demonstrating long-term stickiness. A must-read report for understanding on-chain capital migration trends.

Under the growing trend of regulatory compliance, a fierce battle for discourse power in on-chain finance has begun. Amid this unfolding competition, who will lead the next wave of on-chain finance? This report explores the triggers behind the explosion of on-chain finance in 2025, how blockchain platforms can capture value, and the key factors to becoming critical infrastructure for the sector.

This article analyzes Bitcoin and Ethereum from the perspective of social scalability. It argues that while many crypto projects chase high TPS and technical scalability, social scalability is the real cornerstone of success in crypto.

Crypto has become one of the most dynamic and promising sectors in the field of financial technology. With the entry of numerous institutional funds, how to reasonably value Crypto projects has become a key issue. Traditional financial assets have mature valuation systems, such as the Discounted Cash Flow model (DCF Model), the Price-to-Earnings ratio valuation method (P/E), etc. Crypto projects are of various types, including public chains, CEX platform tokens, DeFi projects, meme coins, etc. Each has its own characteristics, economic models, and token utilities. There is a need to explore valuation models suitable for each specific track.

The target price of Bitcoin at the end of the year may reach 200,000 US dollars. As a store of value, it is similar to gold, but young people prefer Bitcoin because of its volatility. Circle postpones its IPO, is in good financial shape, and has seen significant revenue growth. Ripple acquires Hidden Road to expand the stablecoin market. The Bitcoin market is affected by changes in interest rates and may become decoupled from other coins. Investor interest in Bitcoin continues to grow as global economic uncertainty and tariff policies impact the cryptocurrency market.

This article not only analyzes the background and specific contents of the proposal but also explores its impact on various stakeholders, community perspectives, and key points of contention. The proposal suggests an annual inflation reduction target of about 4%, the removal of the current CAKE staking, veCAKE, and related yield-sharing mechanisms, and the introduction of new buyback and burn mechanisms.

Every blockchain tries to achieve a balance with respect to the blockchain trilemma: balancing speed, security, and decentralization. Projects can often only prioritize two features at the expense of a third.

The scalability issue of Bitcoin has always been a key bottleneck in its development. This article delves into the challenges Bitcoin faces during the scaling process, particularly the limitations of existing solutions, such as the user attrition problem in projects like Babylon and Bitlayer after the failure of their incentive mechanisms.

At first glance, the purpose of public blockchains seems to be chosen by users and markets; however, upon closer inspection, it appears more like a result determined by inherent resources and backgrounds. Here's a summary of the roles of three public blockchains: Solana is a hub for transactions, Base has become Coinbase's "accountant," and Ethereum is tied up with bridges, accelerating asset outflows.

This article provides an in-depth analysis of the limitations of common ETH narratives, including its positioning as leveraged beta to Bitcoin, ultrasound money, digital oil, the global settlement layer, and the chain with the most economic activity.

The Solana ecosystem has recently experienced a resurgence due to a meme coin frenzy, with tokens like $RFC, $Defiant, $DARK, and $MTN taking center stage. $RFC soared with Elon Musk's backing but faced allegations of capital manipulation; $Defiant gained rapid popularity through community engagement but lacked substantial support; $DARK focuses on AI gaming and cross-chain technology, yet remains unproven; $MTN explores Futarchy governance models. While the hype has reignited market enthusiasm, meme coins carry significant risks, and investors should proceed with caution.​

Players following Solana Meme coins may have already sensed the tension of this war: previously, Pump.fun launched its own DEX, PumpSwap, aiming to completely push Raydium out of the lucrative on-chain Meme trading market. Now, Raydium’s new product is clearly targeting Pump.fun in return.

The price of the ZKsync token, ZK, plummeted due to a security incident. Attackers used an airdrop distribution contract's admin account to mint a large number of unclaimed airdrop tokens and sell them on-chain. This incident not only exposed vulnerabilities in ZKsync’s contract management but also sparked widespread discussion about the security and reliability of Layer 2 technologies.