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@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.
Arthur Hayes-associated address deposited $8.66 million worth of ONDO to CEX
According to the monitoring of Ai Yi, an analyst on the chain, Arthur Hayess associated address has recharged ONDO worth $8.66 million to Gate and Bybit in the past three hours. The address received 39.91 million ONDO transferred from a multi-signature address two months ago (the source of funds is the Flux Finance team address), and he currently still holds tokens worth $20.43 million. ONDO, as an RWA concept token, has risen by 72% in the past seven days.
56 minutes ago
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Special topic | Blowing the clarion call for counterattack, can Ethereum lead the second half of the bull market?
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Huobi HTX will appear as a sponsor at the Bitcoin MENA Summit
Digital asset management platform Interlace completes $10 million B1 round of financing, led by Bitrock Capital
Odaily Planet Daily News: Interlace, a global card issuance and digital asset management platform headquartered in Singapore, announced the completion of a $10 million B1 round of financing, led by Bitrock Capital, with participation from early employees and senior executives from leading companies such as Klarna and Robinhood. The new funds will be used to expand the leadership team to accelerate global growth. Founded in 2019, Interlace provides the most efficient and cost-effective cross-border, cross-currency, and cross-system financial solutions for Web3, cross-border e-commerce, B2B trade, developers, etc.
1 hours ago
CRV briefly hit 1.1 USDT, with a 24-hour increase of 36.21%
Odaily Planet Daily News OKX market data shows that CRV briefly hit 1.1 USDT and is now at 1.0639 USDT, with a 24-hour increase of 36.21%.
1 hours ago
The whale who built a PEPE position six months ago seemed to have cleared his position half an hour ago, and the profit from selling would be $1.315 million
Odaily Planet Daily reported that according to the monitoring of on-chain analyst Aunt Ai, the whale who built a PEPE position six months ago was suspected to have cleared his position half an hour ago. If he sold it, he would make a profit of 1.315 million US dollars. The whale built a position of 239.9 billion PEPE at an average price of 0.00001516 US dollars in May 2024, worth 3.63 million US dollars; PEPE is currently priced at 0.00002064 US dollars. At present, all PEPE has been recharged into Binance, and the current position value is 4.95 million US dollars.
1 hours ago
Bitcoin spot ETFs had a total net inflow of $676 million yesterday, continuing a net inflow for 4 consecutive days
According to SoSoValue data, yesterday (December 3, Eastern Time), the total net inflow of Bitcoin spot ETFs was $676 million. Yesterday, Grayscale ETF GBTC had a net outflow of $0.00, and the current historical net outflow of GBTC is $20.549 billion. Grayscale Bitcoin Mini Trust ETF BTC had a net outflow of $0.00, and the current historical total net inflow of Grayscale Bitcoin Mini Trust BTC is $729 million. The Bitcoin spot ETF with the largest net inflow yesterday was
2 hours ago
Ethereum spot ETF had a total net inflow of US$133 million yesterday, continuing its net inflow for 7 consecutive days
According to SoSoValue data, yesterday (December 3, Eastern Time), the Ethereum spot ETF had a total net inflow of $133 million. Yesterday, Grayscales Ethereum Trust ETF ETHE had a single-day net outflow of $6.365 million, and the current historical net outflow of ETHE is $3.417 billion. Grayscales Ethereum Mini Trust ETF ETH had a single-day net outflow of $0.00, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $420 million. Ethereum with the largest single-day net inflow yesterday
2 hours ago
EOS rose to 1.54 USDT, a 24-hour increase of 27.61%
Odaily Planet Daily reported that OKX market data showed that EOS rose to 1.54 USDT and is now trading at 1.4937 USDT, with a 24-hour increase of 27.61%.
2 hours ago
OKX will soon launch MOVE (Movement)
Odaily Planet Daily News: According to the official announcement, OKX is about to launch MOVE (Movement). The specific schedule is as follows: Launch time: MOVE deposit opening time: December 4th 2:00 pm (UTC+8); MOVE call auction time period: December 9th 7:00 to 8:00 pm (UTC+8); MOVE/USDT spot trading opening time: December 9th 8:00 pm (UTC+8); MOVE withdrawal opening time: December 10th 6:00 pm (UTC+8).
2 hours ago
HYPE rose above 12 USDC, with a 24-hour increase of 34.65%
Odaily Planet Daily reported that Hyperliquid market data showed that HYPE rose above 12 USDC and is now trading at 12.414 USDC, with a 24-hour increase of 34.65%.
2 hours ago
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