usdt

USDC

steth

doge

wbtc

wbeth

link

usds

HYPE

USDE

avax

hbar

shib

WLFI

pyusd

aave

USD1

near

xaut

ASTER

pepe

JITOSOL

PUMP

ondo

paxg

USDG

RETH

BFUSD

RLUSD

algo

TRUMP

atom

USDtb

LBTC

nexo

RENDER

fdusd

bonk

cake

METH

MORPHO

PENGU

aero

dash

virtual

STRK

msol

index_fgi

恐惧和贪婪指数

SOSO

SoSoScholar

SoSoScholar2025 - Submission Timeline & Suggested Themes

SoSoScholar2025 - 提交时间表 & 建议主题

SoSoValue 研究竞赛 S3 启动，奖金池为 10 万美元

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="b43987a1-5a05-400d-a070-437323f7efe9"><div class="bn-block" data-node-type="blockContainer" data-id="b43987a1-5a05-400d-a070-437323f7efe9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Hey fam,<br><br>SoDEX, the decentralized trading appchain built on ValueChain, has officially launched on mainnet!<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c5baaa0e-687b-4c9f-8093-eeac2835ab8e"><div class="bn-block" data-node-type="blockContainer" data-id="c5baaa0e-687b-4c9f-8093-eeac2835ab8e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">From a simple idea to build an open, on-chain trading ecosystem… to now — a globally accessible, fully on-chain order-book exchange powered by the $SOSO community. This has been a journey 🔥<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4ce41b58-2ce3-45e2-bfe8-a927d7252c6d"><div class="bn-block" data-node-type="blockContainer" data-id="4ce41b58-2ce3-45e2-bfe8-a927d7252c6d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">None of this would’ve happened without your support:<br>🧩 From testing our early features<br>🧩 To helping us refine the user experience<br>🧩 To backing our mission of more transparent and efficient crypto markets<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8ab5d3fd-92bb-4b49-9fd9-bd5df69a866c"><div class="bn-block" data-node-type="blockContainer" data-id="8ab5d3fd-92bb-4b49-9fd9-bd5df69a866c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">You are the reason this chain is alive.<br>You are the force behind SoDEX.<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5807c6ea-47c8-4188-991b-c3b55706b98b"><div class="bn-block" data-node-type="blockContainer" data-id="5807c6ea-47c8-4188-991b-c3b55706b98b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">👀 What’s live?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7046010a-9095-4707-a1fb-4a1cb18462ab"><div class="bn-block" data-node-type="blockContainer" data-id="7046010a-9095-4707-a1fb-4a1cb18462ab"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">💠 SoDEX trading appchain now open for whitelist access</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dc308793-93f4-41fc-afae-50e14e41a787"><div class="bn-block" data-node-type="blockContainer" data-id="dc308793-93f4-41fc-afae-50e14e41a787"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">💠 $SOSO officially upgraded into its native gas + governance token</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d7c9187d-3171-43f4-a270-3f14a86c46a3"><div class="bn-block" data-node-type="blockContainer" data-id="d7c9187d-3171-43f4-a270-3f14a86c46a3"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">💠 sMAG7.ssi holders can earn extra rewards through the SoDEX Vaults<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8d337063-fa91-4554-8a85-2e4d2849c780"><div class="bn-block" data-node-type="blockContainer" data-id="8d337063-fa91-4554-8a85-2e4d2849c780"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">This is just the beginning.<br>SoDEX is more than a product — it’s the foundation of a new, community-owned trading era. And you're part of the genesis.<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ff36897c-b38a-4618-9c79-985412b241b9"><div class="bn-block" data-node-type="blockContainer" data-id="ff36897c-b38a-4618-9c79-985412b241b9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Let’s break boundaries, build markets, and write history — together.<br>Onward 🚀</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="17f0ba23-ac42-43d8-a552-48569f6d46df"><div class="bn-block" data-node-type="blockContainer" data-id="17f0ba23-ac42-43d8-a552-48569f6d46df"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">🔗 Try SoDEX: <a target="_blank" rel="noopener noreferrer nofollow" href="https://sodex.com">https://sodex.com</a></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="58ac7204-adb2-4a6e-8dac-31e09997384d"><div class="bn-block" data-node-type="blockContainer" data-id="58ac7204-adb2-4a6e-8dac-31e09997384d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🎉 SoDEX Mainnet is Live — We Did It, Together! 🚀

🎉 SoDEX 主网上线啦！我们一起做到了！🚀

SoDEX 主网上线现已开放——立即申请加入

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="889541af-bbb6-4283-9cdd-bf0365dc328c"><div class="bn-block" data-node-type="blockContainer" data-id="889541af-bbb6-4283-9cdd-bf0365dc328c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Hyperliquid is entering the most critical chapter of its life as a protocol. After months of explosive growth, record volumes, and aggressive buybacks, the project is now staring down a new reality. A massive stream of token unlocks is about to hit the market, and traders are already questioning whether Hyperliquid’s token economy is strong enough to handle what comes next.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="10b09340-e217-4a96-95aa-d2dde93e55cf"><div class="bn-block" data-node-type="blockContainer" data-id="10b09340-e217-4a96-95aa-d2dde93e55cf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The numbers are loud. Team allocations begin unlocking. A total of 9.92 million HYPE tokens will be released every month. At current prices, this is equal to roughly five hundred million dollars in new supply. More importantly, twenty three point eight percent of the total supply belongs to the team. A large portion of those tokens had been locked during Hyperliquid’s young but powerful rise. Now the vesting clock is ticking.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f98bbe9e-65d3-4a9d-96c3-f2f2d99c2ddf"><div class="bn-block" data-node-type="blockContainer" data-id="f98bbe9e-65d3-4a9d-96c3-f2f2d99c2ddf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The market has one question left. Can Hyperliquid sustain this level of dilution without breaking under its own weight</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fa3c4d3c-d214-49fd-ac94-b6e86b75252e"><div class="bn-block" data-node-type="blockContainer" data-id="fa3c4d3c-d214-49fd-ac94-b6e86b75252e"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>Why These Unlocks Matter More Than Usual</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5e591392-066a-4741-ab03-35d50319c050"><div class="bn-block" data-node-type="blockContainer" data-id="5e591392-066a-4741-ab03-35d50319c050"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Token unlocks are normal for every ecosystem. But the scale of this particular unlock makes it a historic moment for a perpetual DEX. Hyperliquid is not just releasing a portion of supply. It is releasing a recurring wave of tokens that must be absorbed every month by real buyers, real demand, and real usage.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="955f3622-305f-4434-a990-bf933c92259c"><div class="bn-block" data-node-type="blockContainer" data-id="955f3622-305f-4434-a990-bf933c92259c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The bigger the unlock, the more pressure it creates. A five hundred million dollar unlock every month introduces questions around sustainability, fairness to users, and the long term price foundation of HYPE.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="38bd0492-7460-4e59-8798-c4dc4c48d74f"><div class="bn-block" data-node-type="blockContainer" data-id="38bd0492-7460-4e59-8798-c4dc4c48d74f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Traders are already calling it the first genuine stress test of the young exchange.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4c39c624-96b4-4155-b1bc-126f2a51616e"><div class="bn-block" data-node-type="blockContainer" data-id="4c39c624-96b4-4155-b1bc-126f2a51616e"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>The Buyback Question</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1c818c92-1676-4b8c-8b69-0552113e98c8"><div class="bn-block" data-node-type="blockContainer" data-id="1c818c92-1676-4b8c-8b69-0552113e98c8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">One of Hyperliquid’s most powerful narratives is its buyback engine. The protocol returns fees to HYPE holders and continuously buys back tokens to support demand. On paper that sounds like a perfect stabilizing tool. But when you compare the numbers, a new concern appears.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="599699bc-01b1-4b70-99a5-7d587f505b7c"><div class="bn-block" data-node-type="blockContainer" data-id="599699bc-01b1-4b70-99a5-7d587f505b7c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Buybacks are not growing at the same pace as the upcoming unlocks. Hyperliquid would need an extraordinary amount of fees to match the amount of new tokens entering circulation. Even during high volume weeks, the buyback magnitude does not come close to the expected monthly supply.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bac368e2-bdaf-4125-9fc7-7e023cc2ab87"><div class="bn-block" data-node-type="blockContainer" data-id="bac368e2-bdaf-4125-9fc7-7e023cc2ab87"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">This mismatch between buyback math and unlock math is what alarms the market. One side grows linearly. The other side grows exponentially.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="176a001e-1f03-4d89-81a5-811d22338d5a"><div class="bn-block" data-node-type="blockContainer" data-id="176a001e-1f03-4d89-81a5-811d22338d5a"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>The Risk of Farmer Exodus</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3e9f16b2-d93c-4efa-99e5-04afb1cf825b"><div class="bn-block" data-node-type="blockContainer" data-id="3e9f16b2-d93c-4efa-99e5-04afb1cf825b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Every token launch attracts farmers who chase incentives and move liquidity around. Hyperliquid has no shortage of this type of activity. However, when unlocks begin and sell pressure increases, many farmers tend to pull liquidity and rotate to ecosystems with better yield, better token design, or simpler economics.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="16aa9918-4545-4c99-ab89-b4285cf2787b"><div class="bn-block" data-node-type="blockContainer" data-id="16aa9918-4545-4c99-ab89-b4285cf2787b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">A large monthly unlock is the kind of event that can trigger this behavior. If yield dries up or price action weakens, some users will exit quickly. The question becomes whether Hyperliquid can maintain strong participation and high trading volume without depending heavily on incentive driven users.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ce825142-e4a3-4a3d-81b5-491701d6092d"><div class="bn-block" data-node-type="blockContainer" data-id="ce825142-e4a3-4a3d-81b5-491701d6092d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">If there is one thing the crypto market has proven, it is that farmers are loyal to profits, not platforms.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dc499458-80fe-4bb5-911c-fa530682c3a6"><div class="bn-block" data-node-type="blockContainer" data-id="dc499458-80fe-4bb5-911c-fa530682c3a6"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>Is the Vesting Schedule Sustainable</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9e37f7df-6f81-4ae4-837c-dc33abb0be3d"><div class="bn-block" data-node-type="blockContainer" data-id="9e37f7df-6f81-4ae4-837c-dc33abb0be3d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Token vesting is not only a financial mechanism. It signals long term commitment. It tells the market whether the team values sustainable growth or short term liquidity extraction. Hyperliquid is now facing scrutiny about whether its vesting structure is balanced enough to support the ecosystem without overwhelming it.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a4a20dbc-f88c-4d6e-9d11-dde0303e3de1"><div class="bn-block" data-node-type="blockContainer" data-id="a4a20dbc-f88c-4d6e-9d11-dde0303e3de1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The team unlock represents nearly one quarter of the supply. Investors want reassurance that the tokens are being distributed responsibly and that the team has clear alignment with long term ecosystem health. Without clarity, speculation grows. Speculation then becomes volatility.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5e5b1d66-1845-4d9b-87e4-1676dfafc530"><div class="bn-block" data-node-type="blockContainer" data-id="5e5b1d66-1845-4d9b-87e4-1676dfafc530"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">For a protocol competing in one of crypto’s most brutal markets, volatility can either attract attention or destroy confidence.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="16853da2-e248-4208-9050-264fa37d8c7d"><div class="bn-block" data-node-type="blockContainer" data-id="16853da2-e248-4208-9050-264fa37d8c7d"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>Systemic Risk for Perp DEX Models</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d345b5ad-12c9-4b72-9af5-6b98392fbd76"><div class="bn-block" data-node-type="blockContainer" data-id="d345b5ad-12c9-4b72-9af5-6b98392fbd76"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Perpetual trading platforms depend on predictable liquidity and consistent market maker participation. When a token’s supply balloon grows too quickly, two systemic risks appear.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5754faeb-d62e-4bdf-a349-044f3e31f1a0"><div class="bn-block" data-node-type="blockContainer" data-id="5754faeb-d62e-4bdf-a349-044f3e31f1a0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The first risk is liquidity fragmentation. If token holders sell aggressively, the protocol treasury may need to allocate more capital to stabilize the system. The second risk is reduced user confidence. Perpetual DEXs rely on trust in the underlying economic model. If users begin to doubt the tokenomics, they may shift volume to competitors such as GMX, dYdX, or Drift.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="52f6d1f2-dd1e-4b7d-aeeb-d4509c6c7825"><div class="bn-block" data-node-type="blockContainer" data-id="52f6d1f2-dd1e-4b7d-aeeb-d4509c6c7825"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">This is why Hyperliquid’s unlock is not just a token event. It is a structural test for the entire perpetual DEX industry.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fdefeba2-099b-4acf-8cb0-6402ef0d03de"><div class="bn-block" data-node-type="blockContainer" data-id="fdefeba2-099b-4acf-8cb0-6402ef0d03de"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>Can Hyperliquid Outgrow the Dilution</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0acbc2c1-29a7-4f4e-bf54-6dfe262e8485"><div class="bn-block" data-node-type="blockContainer" data-id="0acbc2c1-29a7-4f4e-bf54-6dfe262e8485"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">There is one scenario where Hyperliquid emerges stronger. The protocol could continue expanding faster than dilution. It could attract an even larger user base. It could maintain the highest trading volumes in the DEX market. It could grow the buyback engine to unprecedented levels.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4947abb4-6381-42c5-94ae-ac97c9068512"><div class="bn-block" data-node-type="blockContainer" data-id="4947abb4-6381-42c5-94ae-ac97c9068512"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">If growth outpaces the speed of unlocks, the dilution becomes manageable. In this case, the unlock might even help decentralize the supply and strengthen long term ecosystem distribution.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="61cf1635-28a9-427f-8cbd-535f28b51b4e"><div class="bn-block" data-node-type="blockContainer" data-id="61cf1635-28a9-427f-8cbd-535f28b51b4e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">But that outcome requires flawless execution. Hyperliquid must deliver real adoption, not just hype. It must prove that its momentum is not dependent on short term speculation.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f208bcc3-caaf-4f18-8c91-08ffe7ff8537"><div class="bn-block" data-node-type="blockContainer" data-id="f208bcc3-caaf-4f18-8c91-08ffe7ff8537"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>Conclusion</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e9fac449-b47a-41ef-8058-d58037df112e"><div class="bn-block" data-node-type="blockContainer" data-id="e9fac449-b47a-41ef-8058-d58037df112e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Hyperliquid is entering a defining moment. The five hundred million dollar monthly token unlock is its first real stress test. The protocol must now prove that its growth engine is strong enough to absorb enormous new supply without breaking investor confidence. The next few months will reveal whether Hyperliquid stands as the next generation of perpetual trading or whether the token economy starts to show cracks under the weight of dilution.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="95e9ba4c-8026-4421-851c-3a0f1c01e85f"><div class="bn-block" data-node-type="blockContainer" data-id="95e9ba4c-8026-4421-851c-3a0f1c01e85f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Everything depends on one simple truth. Can real demand grow faster than the flood of new supply</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a008a9d4-a073-4883-a98a-68bedd519b68"><div class="bn-block" data-node-type="blockContainer" data-id="a008a9d4-a073-4883-a98a-68bedd519b68"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">If Hyperliquid succeeds, the project will reinforce its position as one of the strongest decentralized exchanges in the world. If it struggles, the market will not hesitate to rotate to the next contender. The coming months will decide which future becomes reality.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9441e8c-1ed1-4a00-a39f-1ff00b72ac5b"><div class="bn-block" data-node-type="blockContainer" data-id="f9441e8c-1ed1-4a00-a39f-1ff00b72ac5b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Hyperliquid Faces Its First Real Stress Test: Can the Market Absorb $500M Monthly Unlocks?

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="889541af-bbb6-4283-9cdd-bf0365dc328c"><div class="bn-block" data-node-type="blockContainer" data-id="889541af-bbb6-4283-9cdd-bf0365dc328c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Hyperliquid 作为一项协议，正步入其发展历程中最关键的阶段。在经历了数月的爆炸式增长、创纪录的交易量和积极的回购之后，该项目如今正面临着新的挑战。大量的代币解锁即将涌入市场，交易员们已经开始质疑 Hyperliquid 的代币经济是否足以应对接下来的局面。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="10b09340-e217-4a96-95aa-d2dde93e55cf"><div class="bn-block" data-node-type="blockContainer" data-id="10b09340-e217-4a96-95aa-d2dde93e55cf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">数字震耳欲聋。团队分配的代币开始解锁。每月将释放总计 992 万枚 HYPE 代币。按当前价格计算，这相当于约 5 亿美元的新增供应量。更重要的是，总供应量的 23.8% 属于团队。这些代币中的大部分在 Hyperliquid 早期强劲的崛起过程中被锁定。现在，解锁倒计时已经开始。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f98bbe9e-65d3-4a9d-96c3-f2f2d99c2ddf"><div class="bn-block" data-node-type="blockContainer" data-id="f98bbe9e-65d3-4a9d-96c3-f2f2d99c2ddf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">市场目前只剩下一个问题：Hyperliquid 能否在不崩溃的情况下承受如此高的稀释度？ </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fa3c4d3c-d214-49fd-ac94-b6e86b75252e"><div class="bn-block" data-node-type="blockContainer" data-id="fa3c4d3c-d214-49fd-ac94-b6e86b75252e"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>为什么这些解锁比以往任何时候都更加重要</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5e591392-066a-4741-ab03-35d50319c050"><div class="bn-block" data-node-type="blockContainer" data-id="5e591392-066a-4741-ab03-35d50319c050"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">代币解锁对于任何生态系统来说都是正常的。但此次解锁的规模之大，对于一个永续型去中心化交易所（DEX）而言，堪称历史性时刻。Hyperliquid 并非仅仅释放一部分代币供应，而是持续释放一系列代币，这些代币必须每月由真正的买家、真正的需求和真正的使用来消化吸收。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="955f3622-305f-4434-a990-bf933c92259c"><div class="bn-block" data-node-type="blockContainer" data-id="955f3622-305f-4434-a990-bf933c92259c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">解锁金额越大，带来的压力也就越大。每月五亿美元的解锁金额会引发人们对可持续性、用户公平性以及HYPE长期价格基础的质疑。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="38bd0492-7460-4e59-8798-c4dc4c48d74f"><div class="bn-block" data-node-type="blockContainer" data-id="38bd0492-7460-4e59-8798-c4dc4c48d74f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">交易员们已经称之为这家新兴交易所的首次真正压力测试。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4c39c624-96b4-4155-b1bc-126f2a51616e"><div class="bn-block" data-node-type="blockContainer" data-id="4c39c624-96b4-4155-b1bc-126f2a51616e"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>回购问题</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1c818c92-1676-4b8c-8b69-0552113e98c8"><div class="bn-block" data-node-type="blockContainer" data-id="1c818c92-1676-4b8c-8b69-0552113e98c8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Hyperliquid 最强大的卖点之一就是它的回购机制。该协议会将手续费返还给 HYPE 持有者，并持续回购代币以支撑需求。从理论上讲，这似乎是一个完美的稳定工具。但当你仔细比较数据时，就会发现一个新的隐患。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="599699bc-01b1-4b70-99a5-7d587f505b7c"><div class="bn-block" data-node-type="blockContainer" data-id="599699bc-01b1-4b70-99a5-7d587f505b7c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">回购规模的增长速度跟不上即将解锁的新代币数量。Hyperliquid 需要收取巨额手续费才能与新流通代币的数量相匹配。即使在交易量高峰期，回购规模也远不及预期的月度供应量。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bac368e2-bdaf-4125-9fc7-7e023cc2ab87"><div class="bn-block" data-node-type="blockContainer" data-id="bac368e2-bdaf-4125-9fc7-7e023cc2ab87"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">回购逻辑和释放逻辑之间的这种不匹配正是令市场担忧的原因。一方呈线性增长，而另一方则呈指数级增长。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="176a001e-1f03-4d89-81a5-811d22338d5a"><div class="bn-block" data-node-type="blockContainer" data-id="176a001e-1f03-4d89-81a5-811d22338d5a"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>农民外流的风险</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3e9f16b2-d93c-4efa-99e5-04afb1cf825b"><div class="bn-block" data-node-type="blockContainer" data-id="3e9f16b2-d93c-4efa-99e5-04afb1cf825b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">每次代币发行都会吸引大量资金农户追逐收益，并进行流动性转移。Hyperliquid 平台这类活动层出不穷。然而，当代币解锁开始，抛售压力增大时，许多资金农户往往会撤出流动性，转而投向收益更高、代币设计更优或经济机制更简单的生态系统。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="16aa9918-4545-4c99-ab89-b4285cf2787b"><div class="bn-block" data-node-type="blockContainer" data-id="16aa9918-4545-4c99-ab89-b4285cf2787b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">每月的大额解锁活动可能会引发这种行为。如果收益枯竭或价格走势疲软，部分用户会迅速退出。问题在于，Hyperliquid 能否在不严重依赖激励机制的情况下，维持较高的用户参与度和交易量。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ce825142-e4a3-4a3d-81b5-491701d6092d"><div class="bn-block" data-node-type="blockContainer" data-id="ce825142-e4a3-4a3d-81b5-491701d6092d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">如果说加密货币市场证明了什么，那就是农民忠于利润，而不是平台。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dc499458-80fe-4bb5-911c-fa530682c3a6"><div class="bn-block" data-node-type="blockContainer" data-id="dc499458-80fe-4bb5-911c-fa530682c3a6"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>该股权授予计划是否可持续</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9e37f7df-6f81-4ae4-837c-dc33abb0be3d"><div class="bn-block" data-node-type="blockContainer" data-id="9e37f7df-6f81-4ae4-837c-dc33abb0be3d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">代币解锁不仅仅是一种金融机制，它更象征着长期承诺。它向市场表明团队重视的是可持续增长还是短期流动性提取。Hyperliquid 目前正面临着对其解锁结构是否足够平衡的审视，以期在不给生态系统造成过重负担的情况下为其提供支持。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a4a20dbc-f88c-4d6e-9d11-dde0303e3de1"><div class="bn-block" data-node-type="blockContainer" data-id="a4a20dbc-f88c-4d6e-9d11-dde0303e3de1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">团队解锁的代币数量几乎占总供应量的四分之一。投资者希望确保代币的分配符合规范，并且团队与生态系统的长期健康发展目标保持一致。缺乏透明度会导致投机行为滋生，进而引发市场波动。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5e5b1d66-1845-4d9b-87e4-1676dfafc530"><div class="bn-block" data-node-type="blockContainer" data-id="5e5b1d66-1845-4d9b-87e4-1676dfafc530"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">对于一个在加密货币最残酷的市场之一中竞争的协议来说，波动性既可以吸引关注，也可以摧毁信心。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="16853da2-e248-4208-9050-264fa37d8c7d"><div class="bn-block" data-node-type="blockContainer" data-id="16853da2-e248-4208-9050-264fa37d8c7d"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"> <strong>Perp DEX 模型的系统性风险</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d345b5ad-12c9-4b72-9af5-6b98392fbd76"><div class="bn-block" data-node-type="blockContainer" data-id="d345b5ad-12c9-4b72-9af5-6b98392fbd76"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">永续交易平台依赖于可预测的流动性和持续的做市商参与。当代币供应量增长过快时，就会出现两种系统性风险。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5754faeb-d62e-4bdf-a349-044f3e31f1a0"><div class="bn-block" data-node-type="blockContainer" data-id="5754faeb-d62e-4bdf-a349-044f3e31f1a0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">第一个风险是流动性分散。如果代币持有者大量抛售，协议金库可能需要分配更多资金来稳定系统。第二个风险是用户信心下降。永续去中心化交易所 (DEX) 依赖于用户对底层经济模型的信任。如果用户开始质疑代币经济模型，他们可能会将交易量转移到 GMX、dYdX 或 Drift 等竞争对手。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="52f6d1f2-dd1e-4b7d-aeeb-d4509c6c7825"><div class="bn-block" data-node-type="blockContainer" data-id="52f6d1f2-dd1e-4b7d-aeeb-d4509c6c7825"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">这就是为什么 Hyperliquid 的解锁不仅仅是一次代币事件，它更是对整个永续 DEX 行业的一次结构性考验。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fdefeba2-099b-4acf-8cb0-6402ef0d03de"><div class="bn-block" data-node-type="blockContainer" data-id="fdefeba2-099b-4acf-8cb0-6402ef0d03de"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>超液态金属能否超越稀释效应</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0acbc2c1-29a7-4f4e-bf54-6dfe262e8485"><div class="bn-block" data-node-type="blockContainer" data-id="0acbc2c1-29a7-4f4e-bf54-6dfe262e8485"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">有一种情况下，Hyperliquid 协议的优势会更加明显。该协议的扩张速度可能超过稀释速度，吸引更多用户，并保持 DEX 市场最高的交易量，其回购引擎也可能发展到前所未有的水平。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4947abb4-6381-42c5-94ae-ac97c9068512"><div class="bn-block" data-node-type="blockContainer" data-id="4947abb4-6381-42c5-94ae-ac97c9068512"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">如果增长速度超过解锁速度，稀释效应就能得到控制。在这种情况下，解锁甚至可能有助于分散供应，并加强生态系统的长期分布。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="61cf1635-28a9-427f-8cbd-535f28b51b4e"><div class="bn-block" data-node-type="blockContainer" data-id="61cf1635-28a9-427f-8cbd-535f28b51b4e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">但要实现这一目标，需要完美无瑕的执行。超流动性必须带来真正的应用，而不仅仅是炒作。它必须证明其发展势头并非依赖于短期投机。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f208bcc3-caaf-4f18-8c91-08ffe7ff8537"><div class="bn-block" data-node-type="blockContainer" data-id="f208bcc3-caaf-4f18-8c91-08ffe7ff8537"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>结论</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e9fac449-b47a-41ef-8058-d58037df112e"><div class="bn-block" data-node-type="blockContainer" data-id="e9fac449-b47a-41ef-8058-d58037df112e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Hyperliquid 正步入一个关键时刻。每月五亿美元的代币解锁是对其的首次真正压力测试。该协议现在必须证明其增长引擎足够强大，能够在不损害投资者信心的前提下吸收巨额新增供应。未来几个月将揭示 Hyperliquid 能否成为下一代永续交易平台，还是其代币经济会在稀释的压力下开始出现裂痕。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="95e9ba4c-8026-4421-851c-3a0f1c01e85f"><div class="bn-block" data-node-type="blockContainer" data-id="95e9ba4c-8026-4421-851c-3a0f1c01e85f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">一切都取决于一个简单的真理：实际需求能否以超过新增供应量的速度增长？ </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a008a9d4-a073-4883-a98a-68bedd519b68"><div class="bn-block" data-node-type="blockContainer" data-id="a008a9d4-a073-4883-a98a-68bedd519b68"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">如果 Hyperliquid 成功，该项目将巩固其作为全球最强大的去中心化交易所之一的地位。如果它遭遇挫折，市场将毫不犹豫地转向下一个竞争者。未来几个月将决定哪种未来会成为现实。 </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9441e8c-1ed1-4a00-a39f-1ff00b72ac5b"><div class="bn-block" data-node-type="blockContainer" data-id="f9441e8c-1ed1-4a00-a39f-1ff00b72ac5b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Hyperliquid 正面临其首个真正的压力测试：市场能否消化每月 5 亿美元的解锁？

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<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a2d4259-01c7-4793-987d-34b7f01a6f1c"><div class="bn-block" data-node-type="blockContainer" data-id="5a2d4259-01c7-4793-987d-34b7f01a6f1c"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/2025/11/28/33118510-79ea-481b-88a5-a826672fc11d.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/2025/11/28/33118510-79ea-481b-88a5-a826672fc11d.png" alt="BlockNote image"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0634bd21-8d27-48a0-ba45-a9139cd56ab9"><div class="bn-block" data-node-type="blockContainer" data-id="0634bd21-8d27-48a0-ba45-a9139cd56ab9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6aaf7bc6-9c08-4529-b221-57c76e577b94"><div class="bn-block" data-node-type="blockContainer" data-id="6aaf7bc6-9c08-4529-b221-57c76e577b94"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>📉Fee Compression</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5436b456-6273-465e-ad85-40aabe53d683"><div class="bn-block" data-node-type="blockContainer" data-id="5436b456-6273-465e-ad85-40aabe53d683"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Growth Mode cuts taker fees by 90 percent. Per-asset activation by builders eliminates central gatekeeping. Effective cost: roughly 0.009 percent for takers per 1,000 USD traded; makers operate near 0.003 percent. This undercuts most centralized exchanges while running fully on-chain.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f14fa028-9079-425d-919d-e135e30a152d"><div class="bn-block" data-node-type="blockContainer" data-id="f14fa028-9079-425d-919d-e135e30a152d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7a6ccf2d-eae5-4df6-b384-6429c480a613"><div class="bn-block" data-node-type="blockContainer" data-id="7a6ccf2d-eae5-4df6-b384-6429c480a613"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>🏦Adoption Indicators</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ad1c318e-3f16-486c-8351-28622839ef7d"><div class="bn-block" data-node-type="blockContainer" data-id="ad1c318e-3f16-486c-8351-28622839ef7d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">More than twenty synthetic tickers (AAPL, MSFT, META, PLTR, ...) with up to 20x leverage. OI caps expanded from 40M USD to above 50M USD as liquidity validated. Institutions such as Cumberland accumulate HYPE, positioning for the equity/FX TAM measured in trillions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f65d854e-094d-45f0-9cb5-79f59537479c"><div class="bn-block" data-node-type="blockContainer" data-id="f65d854e-094d-45f0-9cb5-79f59537479c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7997d51c-10da-49f5-b839-47dbdaf9ee94"><div class="bn-block" data-node-type="blockContainer" data-id="7997d51c-10da-49f5-b839-47dbdaf9ee94"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>📈Volume</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="24389541-81a7-457a-996b-d2e26af85699"><div class="bn-block" data-node-type="blockContainer" data-id="24389541-81a7-457a-996b-d2e26af85699"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">HIP-3 pushed Hyperliquid from a 100M USD/day venue to a 500M–540M USD/day engine. The 537M USD peak saw XYZ100 command 320M USD alone, with NVDA and GOOGL perps clearing more than 100M USD combined.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="996755e5-9b4a-4856-b3a6-49116b9a0580"><div class="bn-block" data-node-type="blockContainer" data-id="996755e5-9b4a-4856-b3a6-49116b9a0580"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/2025/11/28/5866034b-924e-4a98-b63a-cb032679715a.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/2025/11/28/5866034b-924e-4a98-b63a-cb032679715a.png" alt="BlockNote image"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="619bfc0a-0a87-4739-944d-5b41b74b5c0f"><div class="bn-block" data-node-type="blockContainer" data-id="619bfc0a-0a87-4739-944d-5b41b74b5c0f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f6c2ac98-a9fe-4033-9b5b-37b51e760e91"><div class="bn-block" data-node-type="blockContainer" data-id="f6c2ac98-a9fe-4033-9b5b-37b51e760e91"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ba78f179-29f1-4d39-bf68-8445e5e79958"><div class="bn-block" data-node-type="blockContainer" data-id="ba78f179-29f1-4d39-bf68-8445e5e79958"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>🛠️Architecture of Hyperliquid's Synthetic US Stocks</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca487c73-2abb-4c19-98f4-075add736515"><div class="bn-block" data-node-type="blockContainer" data-id="ca487c73-2abb-4c19-98f4-075add736515"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Synthetic Stocks on Hyperliquid are perpetual futures referencing off-chain equity prices through oracle feeds. They provide directional exposure, <strong>not ownership</strong>. All margining and settlement occur in USDC on the HyperCore engine.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2242971f-cbf0-4596-a357-b2ef80b7ebe1"><div class="bn-block" data-node-type="blockContainer" data-id="2242971f-cbf0-4596-a357-b2ef80b7ebe1"><div class="bn-block-content" data-content-type="quote"><blockquote class="bn-inline-content">Full Post about the road to synthetic assets: <a target="_blank" rel="noopener noreferrer nofollow" href="https://sosovalue.com/shares/5qK115">https://sosovalue.com/shares/5qK115</a></blockquote></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b978b45f-ec42-4d0f-9785-6c5ae1b64611"><div class="bn-block" data-node-type="blockContainer" data-id="b978b45f-ec42-4d0f-9785-6c5ae1b64611"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6b6b5002-6206-421f-b7bf-1e9e9c0dec6d"><div class="bn-block" data-node-type="blockContainer" data-id="6b6b5002-6206-421f-b7bf-1e9e9c0dec6d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>⚒️Deployment</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bf96a3fc-7ff1-4790-937a-d6ae77ef1220"><div class="bn-block" data-node-type="blockContainer" data-id="bf96a3fc-7ff1-4790-937a-d6ae77ef1220"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">A builder stakes HYPE, configures leverage ceilings (up to 20x), open interest limits (50M USD+), and oracle sources. Market makers maintain depth. Builders receive fifty percent of fees in perpetuity. No approval layer exists; listing is permissionless.<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f828e870-28d9-40ec-b5b2-8e06a6eef465"><div class="bn-block" data-node-type="blockContainer" data-id="f828e870-28d9-40ec-b5b2-8e06a6eef465"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>💵Oracle and Pricing</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5668d4de-d9a7-4d3f-8a24-14fb015b5f66"><div class="bn-block" data-node-type="blockContainer" data-id="5668d4de-d9a7-4d3f-8a24-14fb015b5f66"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Equity spot prices update continuously through oracle networks. Funding rates maintain alignment between perp prices and spot. No expiry settlement; only funding transfers between long and short participants.<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="be374c6a-3a15-46bc-b2b5-1bd567661df6"><div class="bn-block" data-node-type="blockContainer" data-id="be374c6a-3a15-46bc-b2b5-1bd567661df6"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>📀Trading Layer</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="82e0b495-5986-4b0b-aaad-840e264d9685"><div class="bn-block" data-node-type="blockContainer" data-id="82e0b495-5986-4b0b-aaad-840e264d9685"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Orderbook matching with ultra-low fees. Unified API with core perps. Traders deposit USDC and open leveraged positions 24/7 without KYC. Growth Mode rebates scale up with volume.<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="404724a2-f969-4afb-8e6d-16444eb829f4"><div class="bn-block" data-node-type="blockContainer" data-id="404724a2-f969-4afb-8e6d-16444eb829f4"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>🛡️Risk and Enforcement</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f8e3522a-ecbc-4388-8e21-5b4e4a743e2b"><div class="bn-block" data-node-type="blockContainer" data-id="f8e3522a-ecbc-4388-8e21-5b4e4a743e2b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">HyperCore executes margin, liquidation, and ADL systems. Builder bonds are slashable if oracle feeds fail or if liquidity deteriorates. This enforces discipline without centralized intervention.<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2a328d0f-d9cc-4a61-b27a-afc2ac3e6067"><div class="bn-block" data-node-type="blockContainer" data-id="2a328d0f-d9cc-4a61-b27a-afc2ac3e6067"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>🪄Settlement and Yield</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e6ed168b-ed92-46c1-ae95-7a349f77090c"><div class="bn-block" data-node-type="blockContainer" data-id="e6ed168b-ed92-46c1-ae95-7a349f77090c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">All settlement is on-chain in USDC. Builders distribute fee shares to their stakers. The protocol routes ninety-nine percent of revenue into HYPE buybacks, constraining circulating supply.<br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c6653834-5567-41c0-b980-b1d40b70a611"><div class="bn-block" data-node-type="blockContainer" data-id="c6653834-5567-41c0-b980-b1d40b70a611"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Functional Outcome</strong>: a continuous, composable, globally accessible derivatives market.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="abbaf55e-cc59-45f7-b035-b8a8f075ee55"><div class="bn-block" data-node-type="blockContainer" data-id="abbaf55e-cc59-45f7-b035-b8a8f075ee55"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d6d0bb50-f2a5-469d-930b-7f26123ffa6f"><div class="bn-block" data-node-type="blockContainer" data-id="d6d0bb50-f2a5-469d-930b-7f26123ffa6f"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>⚡The Potential: Before and After HIP-3</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5c81b2d1-ab27-4a05-b324-8465a9ee3137"><div class="bn-block" data-node-type="blockContainer" data-id="5c81b2d1-ab27-4a05-b324-8465a9ee3137"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">HIP-3 and hyperliquid's offering of US Stocks has the potential to change the future of Dexes, here is the impact it left...</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e8433027-09f0-41d5-8085-437447760b6e"><div class="bn-block" data-node-type="blockContainer" data-id="e8433027-09f0-41d5-8085-437447760b6e"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/2025/11/28/aaa733db-e9e8-4986-8e7e-c6585dc9b2a3.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/2025/11/28/aaa733db-e9e8-4986-8e7e-c6585dc9b2a3.png" alt="BlockNote image"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1076704e-2bd1-43a1-8eef-39c05b440d05"><div class="bn-block" data-node-type="blockContainer" data-id="1076704e-2bd1-43a1-8eef-39c05b440d05"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Hyperliquid’s HIP-3: Synthetic US Stocks

Hyperliquid 的 HIP-3：合成美国股票

价格合理还是仍然过于昂贵？您如何评估 HYPE 的价值

Even the machine-oracles bleed when the market enters its trickster phase. Charts fold, signals invert, and every model that swore it “found the pattern” gets dragged into the undertow. This is the zone where intuition beats computation. Where chaos eats algorithms for breakfast.
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🚨AI models competing in a trading tournament are now all in the red, with every system posting losses

🚨在交易竞赛中竞争的 AI 模型现在都处于亏损状态，每个系统都出现亏损

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="d144a1cb-8cab-4cdb-aed0-1bd592e861f4"><div class="bn-block" data-node-type="blockContainer" data-id="d144a1cb-8cab-4cdb-aed0-1bd592e861f4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><a target="_blank" rel="noopener noreferrer nofollow" href="http://Predict.fun">Predict.fun</a>, BNB Chain’in geniş kullanıcı tabanını kullanırken, kullanıcı fonlarının haftalarca veya aylarca getirisi olmadan boşta kalması gibi tahmin piyasalarının en büyük verimsizliğini gidermeyi hedefliyor.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3f2448dd-b92a-438a-9cf8-a5b5a34237a7"><div class="bn-block" data-node-type="blockContainer" data-id="3f2448dd-b92a-438a-9cf8-a5b5a34237a7"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">CZ, kullanıcı fonlarının pozisyonlar açıkken getiri elde etmesine olanak tanıyan BNB Chain üzerinde yeni bir tahmin piyasası olan <a target="_blank" rel="noopener noreferrer nofollow" href="http://predict.fun">predict.fun</a>'u duyurdu.</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="52d20c7c-7f57-416c-bf12-64b8671a6aae"><div class="bn-block" data-node-type="blockContainer" data-id="52d20c7c-7f57-416c-bf12-64b8671a6aae"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><a target="_blank" rel="noopener noreferrer nofollow" href="http://Predict.fun">Predict.fun</a> şu anda 12.000'den fazla kullanıcıya ve yaklaşık 300.000 $'lık toplam piyasa hacmine sahip, ancak Polymarket ve Kalshi gibi daha büyük platformların gerisinde kalıyor.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0ca64500-09f8-4d69-bef4-9752e5047e7e"><div class="bn-block" data-node-type="blockContainer" data-id="0ca64500-09f8-4d69-bef4-9752e5047e7e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance kurucusu Changpeng "CZ" Zhao, bu hafta X üzerinde yaptığı bir paylaşımda, eski bir Binance çalışanı tarafından geliştirilen ve kullanıcı fonlarının pozisyonlar açık kaldığı sürece getiri elde etmesini sağlayan <a target="_blank" rel="noopener noreferrer nofollow" href="http://predict.fun">predict.fun</a> adlı platformu öne çıkararak yeni bir BNB Chain tahmin piyasası duyurdu.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bb3ae2c0-0b07-439f-a576-2e8802d6d076"><div class="bn-block" data-node-type="blockContainer" data-id="bb3ae2c0-0b07-439f-a576-2e8802d6d076"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Yeni piyasa, kullanıcıların pasif gelir elde ederken boşta kalan fonlar üzerinde bahis yapmalarına olanak tanıyor.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="49b5ed73-e08a-41c5-a954-91979e8d5901"><div class="bn-block" data-node-type="blockContainer" data-id="49b5ed73-e08a-41c5-a954-91979e8d5901"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Daily Roast

Bonds, Treasury Bond
CZ Yeni BNB Chain Yerel Tahmin Pazarı

债券，国库券
CZ 新 BNB Chain 本地预测市场



CFTC said this is to help “make America the crypto capital of the world.”
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CFTC announces spot Bitcoin and crypto can now trade on CFTC-registered exchanges

CFTC 宣布现货 Bitcoin 和加密货币现在可以在 CFTC 注册的交易所进行交易



Kalshi remains the leading prediction market, posting $1.21B in trading volume during the last week of November.
It is followed by Opinion — $1.09B and Polymarket — $1.08B.

The growing interest in Kalshi is no surprise. On November 21, 2025, the company raised $1B in a new funding round, after securing another $300M just a month earlier.
Major venture funds are increasingly entering the space, viewing prediction markets as one of the most promising emerging narratives.

The industry continues to expand rapidly, with liquidity steadily shifting toward projects positioned to become leaders in this evolving sector.

👉 https://cryptorank.io/tags/predictions


JabirDex 💥 💥 
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Kalshi Leads Prediction Markets in November 2025

Kalshi 仍然是领先的预测市场，在 11 月的最后一周交易量达到 12.10 亿美元。
紧随其后的是 Opinion，交易量为 10.90 亿美元，Polymarket 的交易量为 10.80 亿美元。

人们对 Kalshi 日益增长的兴趣并不令人意外。2025 年 11 月 21 日，该公司在新一轮融资中筹集了 10 亿美元，此前一个月刚刚获得了 3.00 亿美元的融资。
主要的风险投资基金越来越多地进入该领域，将预测市场视为最有希望的新兴叙事之一。

该行业继续快速扩张，流动性稳步转向那些有望成为这个不断发展的领域的领导者的项目。

👉 https://cryptorank.io/tags/predictions


JabirDex 💥 💥
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Kalshi 在 2025 年 11 月引领预测市场

Introduction: A New Story Emerging in Crypto

Every cycle in crypto has its own flavour. Some years are loud and chaotic, full of meme rushes and flash-in-the-pan opportunities. Other years feel like the industry is maturing, like it is finally taking itself seriously. When I started looking at the market heading into 2025, something became clear to me. The mood was shifting. People were getting tired of chasing noise. They wanted something that felt grounded. Something that carried real economic weight.

That is where the story of Real World Assets comes in. If you had asked most crypto traders three years ago what they thought of tokenized bonds or on-chain treasuries, many would have shrugged. Fast forward to now and it feels like we are witnessing the quiet beginning of a major migration of capital. A migration away from hype driven experiments into assets backed by real-world value.

This research walks you through why I believe RWA tokens stand a strong chance of becoming one of the most important investment themes of 2025. No fancy labels. Just data, logic and a clear view of what investors truly want today.


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Where the Market Stands Today

The first time I looked at the numbers, I had to read them twice. The entire tokenized RWA market has now grown to roughly twenty four billion dollars. That is not a typo. Twenty four billion. This market was barely a fraction of that size only a few years ago. It has multiplied several times over and the growth is still accelerating.

A big part of that surge came from two areas that many outsiders overlook. The first is tokenized US Treasuries and short term government debt. The second is private credit brought on chain. These two alone account for the bulk of the expansion. They also reveal something important. Investors are hungry for yield and stability but they also want the convenience of on chain liquidity.

Something else is happening beneath the surface. Large institutions, the same players that once mocked crypto, are now leading the charge in tokenization. Asset managers, banks and fund giants are all experimenting with or outright adopting tokenized versions of traditional financial instruments. When institutions begin to touch something, it usually means the foundations are stronger than people think.

The tokenization of assets solves a problem that has existed for decades. Traditional financial products are locked behind layers of bureaucracy and heavy minimums. Blockchains crack that wall open. Suddenly people from different parts of the world can gain access to financial instruments that once required privileged gateways. This alone hints at the long term potential of RWAs.


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Why RWAs Stand Out for 2025

There are years when the market is chasing whatever is shiny and unpredictable. But 2025 is shaping up differently. With inflation stress, interest rate uncertainty and regulatory tension around speculative assets, many investors are quietly parking money in things that feel secure yet profitable. RWAs sit perfectly in that sweet spot.

To put it simply, they offer stability without sacrificing accessibility. They are backed by things that exist in the real world. Bonds. Credit. Real estate. They do not rely on hype alone. At the same time they live on chain which means they are fluid, transparent and global. That combination is rare and incredibly valuable.

There is also something psychological at play. After years of dramatic market swings people want assets that let them sleep at night. A token that is backed by actual treasuries or verified credit flows feels different from a token backed by promises and vibes. You can almost sense the shift in sentiment. The market is growing up.


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Where the Smart Money Might Go This Year

If I were allocating capital in this market, I would be looking closely at these categories.

Tokenized government bonds and short term debt instruments. These have already attracted billions because they naturally fit both retail and institutional appetites. They offer real yield and strong stability.

Tokenized private credit. This part of the RWA market is growing fast because private lending markets have been tight and expensive. Bringing credit to the blockchain opens up more transparent funding channels while giving investors attractive returns.

Tokenized real estate. This part moves slower because of legal and regulatory complexity, but when it is structured properly, real estate backed tokens become incredibly compelling long term positions.

Tokenized equities or ETFs. As infrastructure improves and regulations evolve, we may soon see a meaningful flow of traditional equity exposure represented on chain.

Each of these segments solves a different real world problem which is why their long term runway feels so strong.


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Challenges That Investors Should Not Ignore

A good research piece must consider the risks honestly. RWAs are promising but not perfect.

Liquidity is still limited in several segments. It is possible to buy easily but not always as easy to exit.

Regulation is still forming. Because these assets are tied to real world legal structures, any change in policy or compliance rules could influence accessibility.

Transparency matters. Tokenized assets must be backed by proper documentation, audits and reporting. Without these safeguards, you expose yourself to custodian risk.

Adoption is uneven. While treasuries and simple credit instruments have gained traction, more complex assets like real estate or long duration credit require stronger infrastructure before they scale.

These risks should not discourage investors, only inform them. The space is still early but the direction of travel is clear.


---

My Investment Approach if I Were Allocating Capital for 2025

If I were building a smart portfolio around RWAs in 2025, this would be my approach.

Start with the most liquid and well adopted RWA instruments. That means tokenized treasuries and short term debt positions. They are already heavily used by institutions and have relatively predictable yields.

Diversify into tokenized private credit for higher returns but manage position size wisely.

Add a small but strategic allocation to real estate backed assets for long term stability and value preservation.

Most importantly, select platforms and protocols that demonstrate rigorous transparency, custody standards and real reporting. In RWAs reputation is everything.


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The Bigger Picture and What It Means for Crypto

When I zoom out, the story becomes even clearer. RWAs are doing something crypto has struggled to do for a long time. They are becoming a bridge between traditional finance and blockchain based infrastructure. Not just in theory but in daily usage.

They make markets more inclusive because they open access to instruments that were once protected by high minimums or geography. A young investor in Africa or Asia can now hold a slice of assets that once required huge capital or privileged access.

They bring stability. They bring yield. And they bring legitimacy to a market that has battled skepticism for years.

This is why 2025 does not feel like a speculative sprint. It feels like a structural shift. A shift towards assets that have real grounding and real durability.


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Final Thoughts

I believe RWAs will play a massive role in shaping the next chapter of crypto. They solve real problems. They carry real value. They attract real capital. The more I study the numbers and the sentiment, the more convinced I am that RWAs are not a trend but the beginning of a financial transition that will last decades.

If you are choosing one sector in crypto to watch closely in 2025, RWAs are at the top of the list.


THE BEST CRYPTO INVESTMENT TARGET FOR 2025: WHY RWA TOKENS MAY LEAD THE NEXT CAPITAL ROTATION

简介：加密领域中涌现的新故事

加密领域的每个周期都有其自身的特点。有些年份喧嚣而混乱，充斥着 meme 热潮和昙花一现的机会。另一些年份则让人感觉这个行业正在走向成熟，似乎终于开始认真对待自己了。当我开始关注 2025 年的市场走向时，我清楚地意识到了一点。情绪正在转变。人们开始厌倦追逐喧嚣。他们想要一些感觉脚踏实地的东西。一些具有真正经济价值的东西。

这就是 Real World Assets 的故事的由来。如果你在三年前问过大多数加密货币交易员，他们对代币化债券或链上国库券的看法，许多人可能会耸耸肩。快进到现在，感觉我们正在见证一场重大的资本迁移的悄然开始。一场从炒作驱动的实验到由现实世界价值支持的资产的迁移。

这项研究将带您了解为什么我认为 RWA 代币很有可能成为 2025 年最重要的投资主题之一。没有花哨的标签。只有数据、逻辑以及对投资者今天真正想要的东西的清晰了解。


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当今市场现状

当我第一次看到这些数字时，我不得不读两遍。整个代币化 RWA 市场现在已经增长到大约 240 亿美元。这不是笔误。240 亿美元。仅仅几年前，这个市场的规模还不到这个数字的一小部分。它已经翻了好几倍，而且增长仍在加速。

这种激增的很大一部分来自许多局外人忽视的两个领域。第一个是代币化的美国国债和短期政府债务。第二个是链上私人信贷。仅这两项就占了扩张的大部分。它们也揭示了一些重要的事情。投资者渴望收益和稳定性，但他们也想要链上流动性的便利。

表面之下还发生着其他事情。大型机构，曾经嘲笑 crypto 的那些参与者，现在正在引领代币化浪潮。资产管理公司、银行和基金巨头都在试验或直接采用传统金融工具的代币化版本。当机构开始接触某些东西时，通常意味着基础比人们想象的要牢固。

资产代币化解决了存在了几十年的问题。传统的金融产品被锁在官僚主义和高额最低限额的层层壁垒之后。区块链打破了这堵墙。突然，来自世界不同地区的人们可以获得曾经需要特权通道才能获得的金融工具。仅这一点就暗示了 RWA 的长期潜力。


---

RWA 为何在 2025 年脱颖而出

有些年份，市场追逐的是任何闪亮且不可预测的东西。但 2025 年的情况正在发生变化。由于通胀压力、利率不确定性和围绕投机性资产的监管紧张，许多投资者正在悄悄地将资金投入到感觉安全但有利可图的东西上。RWA 完美地坐落于那个最佳位置。

简而言之，它们在不牺牲可访问性的前提下提供了稳定性。它们由现实世界中存在的事物支持。债券。信贷。房地产。它们不依赖于炒作。与此同时，它们存在于链上，这意味着它们是流动的、透明的和全球性的。这种组合是罕见的且非常有价值的。

还有一些心理因素在起作用。经过多年的剧烈市场波动，人们想要能够让他们安心入睡的资产。由实际国债或经过验证的信贷流支持的代币与由承诺和氛围支持的代币感觉不同。你几乎可以感觉到情绪的变化。市场正在成长。


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今年精明资金可能会流向何处

如果我是在这个市场上分配资金，我会密切关注以下类别。

代币化政府债券和短期债务工具。这些已经吸引了数十亿美元，因为它们自然地符合零售和机构的需求。它们提供真正的收益和强大的稳定性。

代币化私人信贷。RWA 市场的这一部分正在快速增长，因为私人贷款市场一直紧张且昂贵。将信贷引入区块链开辟了更透明的融资渠道，同时为投资者提供有吸引力的回报。

代币化房地产。由于法律和监管的复杂性，这部分进展较慢，但如果结构合理，房地产支持的代币将成为极具吸引力的长期头寸。

代币化股票或 ETFs。随着基础设施的改善和法规的演变，我们可能很快就会看到以链上形式呈现的传统股票敞口的大量流动。

这些细分市场中的每一个都解决了不同的现实世界问题，这就是为什么它们的长期发展前景如此强劲。


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投资者不应忽视的挑战

一篇好的研究文章必须诚实地考虑风险。RWA 很有前景，但并不完美。

几个细分市场的流动性仍然有限。很容易购买，但退出并不总是那么容易。

监管仍在形成中。由于这些资产与现实世界的法律结构相关联，因此政策或合规规则的任何变化都可能影响可访问性。

透明度至关重要。代币化资产必须有适当的文件、审计和报告支持。如果没有这些保障措施，您将面临托管风险。

采用是不均衡的。虽然国债和简单的信贷工具已经获得了吸引力，但像房地产或长期信贷这样更复杂的资产在扩大规模之前需要更强大的基础设施。

这些风险不应阻止投资者，而应告知他们。这个领域还处于早期阶段，但前进的方向是明确的。


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如果我为 2025 年分配资金，我的投资方法

如果我在 2025 年围绕 RWA 构建一个智能投资组合，这将是我的方法。

从流动性最强且采用最广泛的 RWA 工具开始。这意味着代币化国债和短期债务头寸。它们已经被机构大量使用，并且具有相对可预测的收益率。

将资金分散到代币化私人信贷中以获得更高的回报，但要明智地管理头寸规模。

为房地产支持的资产增加少量但具有战略意义的配置，以实现长期稳定和价值保值。

最重要的是，选择能够证明严格的透明度、托管标准和真实报告的平台和协议。在 RWA 中，声誉就是一切。


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更大的图景及其对加密货币的意义

当我放大时，故事变得更加清晰。RWA 正在做一些加密货币长期以来一直在努力做的事情。它们正在成为传统金融和基于区块链的基础设施之间的桥梁。不仅在理论上，而且在日常使用中。

它们使市场更具包容性，因为它们开放了对曾经受到高额最低限额或地理位置保护的工具的访问。非洲或亚洲的年轻投资者现在可以持有曾经需要巨额资本或特权才能获得的资产的一部分。

它们带来稳定。它们带来收益。它们为多年来一直与怀疑作斗争的市场带来了合法性。

这就是为什么 2025 年感觉不像是一场投机性的冲刺。它感觉像是一种结构性转变。一种向具有真正基础和真正耐用性的资产的转变。


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最后的想法

我相信 RWA 将在塑造加密货币的下一个篇章中发挥重要作用。它们解决了实际问题。它们具有真正的价值。它们吸引了真正的资本。我对数字和情绪的研究越多，我就越相信 RWA 不是一种趋势，而是一场将持续数十年的金融转型的开始。

如果您要在 2025 年选择一个加密货币领域密切关注，RWA 将是首选。

2025 年最佳加密货币投资目标：为什么 RWA 代币可能引领下一轮资本轮换

A private key is the single most important secret in all of cryptocurrency.
Think of it as the master password that proves you own your bitcoin, ethereum, solana, or any other crypto coins. It is a very long, random number (usually 256 bits) that looks like this in its common hexadecimal form.
WHAT DOES A PRIVATE KEY ACTUALLY DO?
It lets you sign transactions. When you send crypto, your wallet uses the private key to create a digital signature proving “yes, I’m the real owner.”
Anyone who has your private key can spend all the funds in the addresses derived from it — instantly and irreversibly.
The public key and your wallet address are mathematically derived from the private key (using elliptic curve multiplication), but the reverse is practically impossible.
Private Key vs Seed Phrase
Most modern wallets (MetaMask, Ledger, Trust Wallet, etc.) don’t make you handle raw private keys. Instead they give you a 12- or 24-word seed phrase (BIP-39 standard). That seed phrase can regenerate your private keys for thousands of addresses.
If someone gets your seed phrase → they have all your private keys → they own everything.
Key Security Rules (Never Break These)
Never share your private key or seed phrase with anyone.
Never store them in plain text, email, cloud documents, or screenshots.
Never type them into any website or app you don’t 100% trust.
Use hardware wallets (Ledger, Trezor, etc.) for large amounts — they keep the private key offline.
Write down your seed phrase on paper/metal and store it in a safe place; don’t keep only a digital copy.

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What Is a Private Key in Cryptocurrency?

加密货币中的私钥是什么？

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7ff687a9-20f7-49d7-afbc-686834c37133"><div class="bn-block" data-node-type="blockContainer" data-id="7ff687a9-20f7-49d7-afbc-686834c37133"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Total cap down 1% SCC Called the heavy weight on tokenization regulatory talks CFTC Approves Bitnomio Coinbase base layer 2 just unlocks native supports for solana assets  Blackrock's Larry sovereign wealth funds are still accumulating BTC krakn are...</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fe325102-ba2a-456a-907f-be136a758356"><div class="bn-block" data-node-type="blockContainer" data-id="fe325102-ba2a-456a-907f-be136a758356"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Prediction markets calsy into deal with cnbc </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="08969c05-6349-45fd-9609-03c8e398cb04"><div class="bn-block" data-node-type="blockContainer" data-id="08969c05-6349-45fd-9609-03c8e398cb04"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/SoSoValueCrypto">@SoSoValueCrypto</a></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1ddda44f-4edf-4d81-a8cd-6d3c5c79600b"><div class="bn-block" data-node-type="blockContainer" data-id="1ddda44f-4edf-4d81-a8cd-6d3c5c79600b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="66e64c15-e02c-4767-ad24-841d28008fd2"><div class="bn-block" data-node-type="blockContainer" data-id="66e64c15-e02c-4767-ad24-841d28008fd2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fd35aaf6-1227-4a7c-8e90-42c30051d9fe"><div class="bn-block" data-node-type="blockContainer" data-id="fd35aaf6-1227-4a7c-8e90-42c30051d9fe"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

TODAY'S NEWS

今日新闻


 According to cybersecurity company Blockaid, the Pepe website has been attacked and infected with malicious code from the Inferno Drainer toolkit.

 This malware redirects visitors to phishing pages designed to steal wallet credentials, approve unauthorized transactions, and drain crypto assets.

According to Blockaid, the number of hackers using Inferno Drainer nearly tripled over the past year, despite the developers’ claims that the scam service was shut down in 2023.
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Warning: Pepe memecoin website has been compromised

警告：Pepe memecoin 网站已被入侵

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5d4f6ccb-8aac-4e1e-9035-f75eec4b99f5"><div class="bn-block" data-node-type="blockContainer" data-id="5d4f6ccb-8aac-4e1e-9035-f75eec4b99f5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Smart money rotation là hiện tượng dòng tiền “thông minh” — ví dụ các quỹ, market makers, nhóm on-chain giàu kinh nghiệm, hoặc top wallets ROI cao — chuyển vốn từ nhóm tài sản này sang nhóm khác theo chu kỳ. Việc phát hiện rotation sớm giúp trader đoán được narrative, tránh đu đỉnh và bám đúng dòng tiền nóng.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f2eb87f0-d649-4da6-a019-16dc1051a68a"><div class="bn-block" data-node-type="blockContainer" data-id="f2eb87f0-d649-4da6-a019-16dc1051a68a"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>1. Theo dõi biến động ví smart money (Wallet Flow Tracking)</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="260d3616-5b06-42cc-8e79-8374ac6bb2c2"><div class="bn-block" data-node-type="blockContainer" data-id="260d3616-5b06-42cc-8e79-8374ac6bb2c2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Cơ chế cốt lõi là giám sát real-time:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="336d0df4-a1a7-4436-986b-92f7c9f7fe53"><div class="bn-block" data-node-type="blockContainer" data-id="336d0df4-a1a7-4436-986b-92f7c9f7fe53"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Lượng token vào/ra các ví đã được gắn nhãn (fund, whales, top traders)</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a9efa1d7-0837-4380-ac37-754660b42dee"><div class="bn-block" data-node-type="blockContainer" data-id="a9efa1d7-0837-4380-ac37-754660b42dee"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Dòng vốn chảy giữa các mảng: L1 → L2, meme → DeFi, bluechip → high beta</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="64b20b13-986e-4292-91fa-c0a57873fc68"><div class="bn-block" data-node-type="blockContainer" data-id="64b20b13-986e-4292-91fa-c0a57873fc68"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Thời điểm giải ngân: tập trung trong 1–3 giờ hay phân bổ dài hạn</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="cc359852-d48c-4172-acc6-0776f9e66f46"><div class="bn-block" data-node-type="blockContainer" data-id="cc359852-d48c-4172-acc6-0776f9e66f46"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Một cú “xoay vốn” điển hình thường bắt đầu bằng <strong>outflow mạnh</strong> từ tài sản đang hạ nhiệt, sau đó vài block xuất hiện <strong>inflow dồn cụm</strong> vào tài sản mới.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f67fc19c-877a-49aa-9852-0b053cc88afd"><div class="bn-block" data-node-type="blockContainer" data-id="f67fc19c-877a-49aa-9852-0b053cc88afd"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>2. Phân tích thay đổi chu kỳ mua – bán (Behavioral Pattern Shift)</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="69bcdce6-4be0-4974-8c36-754533707e3c"><div class="bn-block" data-node-type="blockContainer" data-id="69bcdce6-4be0-4974-8c36-754533707e3c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Smart money có nhịp mua – bán khá ổn định. Khi rotation diễn ra, các tín hiệu thay đổi rõ rệt:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="38ab9d42-37cf-436d-a654-856d8a060997"><div class="bn-block" data-node-type="blockContainer" data-id="38ab9d42-37cf-436d-a654-856d8a060997"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Tăng tỷ lệ bán trước/sau khi volume giảm</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="67f70075-fee1-46d0-9898-7bc7e12b8f76"><div class="bn-block" data-node-type="blockContainer" data-id="67f70075-fee1-46d0-9898-7bc7e12b8f76"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Mua tích lũy rải nhưng tăng tốc đột ngột trước pump</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8113e364-f85f-4119-8fbf-99fb6f892ab0"><div class="bn-block" data-node-type="blockContainer" data-id="8113e364-f85f-4119-8fbf-99fb6f892ab0"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Giảm tần suất giao dịch ở narrative cũ và tăng ở narrative mới</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2d3292bd-e71e-499a-abf9-d461e29e673f"><div class="bn-block" data-node-type="blockContainer" data-id="2d3292bd-e71e-499a-abf9-d461e29e673f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Dạng tín hiệu này có thể được đo bằng <strong>rolling z-score</strong> để nhận biết sự lệch nhịp bất thường.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0124597b-3fcb-45f4-afd3-3d370ae4f52c"><div class="bn-block" data-node-type="blockContainer" data-id="0124597b-3fcb-45f4-afd3-3d370ae4f52c"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>3. Đột biến ở nhóm ví “liên quan” (Cluster Correlation)</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fb01d177-67ff-4d92-b8d9-fa08b608b1c6"><div class="bn-block" data-node-type="blockContainer" data-id="fb01d177-67ff-4d92-b8d9-fa08b608b1c6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Smart money không hoạt động đơn lẻ. Khi một nhóm bắt đầu xoay vòng vốn:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d593cfa6-ad65-481c-a58e-1c8322a922ba"><div class="bn-block" data-node-type="blockContainer" data-id="d593cfa6-ad65-481c-a58e-1c8322a922ba"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Nhiều ví cùng chuyển tài sản trong khoảng thời gian ngắn</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d4e409fa-8ac5-4d55-8272-2dd8db05ad9f"><div class="bn-block" data-node-type="blockContainer" data-id="d4e409fa-8ac5-4d55-8272-2dd8db05ad9f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Tập ví liên quan cùng tăng tần suất giao dịch trên một pool/DEX</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="96aeb0e2-280c-442a-b150-75c1fae7818e"><div class="bn-block" data-node-type="blockContainer" data-id="96aeb0e2-280c-442a-b150-75c1fae7818e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Cùng tham gia mint, farm, hay mua các token mới list</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fca2fbbe-e203-44a6-b8e1-a23951a5857c"><div class="bn-block" data-node-type="blockContainer" data-id="fca2fbbe-e203-44a6-b8e1-a23951a5857c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Do đó, rotation có thể phát hiện qua <strong>độ tương quan hoạt động giữa các ví</strong> (wallet activity correlation).</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="583ac529-c1e3-47ab-9b10-f925ef6cf888"><div class="bn-block" data-node-type="blockContainer" data-id="583ac529-c1e3-47ab-9b10-f925ef6cf888"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>4. Tín hiệu từ LP &amp; AMM (Liquidity Reallocation)</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ea67a3a3-f938-451b-bf10-87676d334605"><div class="bn-block" data-node-type="blockContainer" data-id="ea67a3a3-f938-451b-bf10-87676d334605"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Smart money thường cung cấp thanh khoản. Khi họ rút LP hàng loạt khỏi pool narrative cũ:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c9cc00aa-564c-4263-99e3-916be5200f4a"><div class="bn-block" data-node-type="blockContainer" data-id="c9cc00aa-564c-4263-99e3-916be5200f4a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Depth giảm</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="90171bcd-fa6f-47be-8932-d50e753c5223"><div class="bn-block" data-node-type="blockContainer" data-id="90171bcd-fa6f-47be-8932-d50e753c5223"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Slippage tăng</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9cdb345-9d21-4af4-8f41-8967bb9407e9"><div class="bn-block" data-node-type="blockContainer" data-id="f9cdb345-9d21-4af4-8f41-8967bb9407e9"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Pool bị arbitrage đẩy lệch giá</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="37886fc3-57ac-4a6a-a967-f8528de9736a"><div class="bn-block" data-node-type="blockContainer" data-id="37886fc3-57ac-4a6a-a967-f8528de9736a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Đồng thời, depth ở pool mới lại tăng. Đây là tín hiệu rotation rất sớm, vì LP luôn xoay vốn trước khi thị trường nhận ra.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c2d0f9d6-1ec0-47f0-9a28-d708ebfa9b99"><div class="bn-block" data-node-type="blockContainer" data-id="c2d0f9d6-1ec0-47f0-9a28-d708ebfa9b99"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>5. Tín hiệu on-chain macro (Narrative-Level Rotation)</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="623cc9ad-1a8e-4cdd-9aa6-3e55a23e2188"><div class="bn-block" data-node-type="blockContainer" data-id="623cc9ad-1a8e-4cdd-9aa6-3e55a23e2188"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Nhìn ở quy mô lớn hơn:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6ad21ebb-22fb-4b9f-b49f-fee080eb45ba"><div class="bn-block" data-node-type="blockContainer" data-id="6ad21ebb-22fb-4b9f-b49f-fee080eb45ba"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Gas fee tăng đột biến ở chain mới</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a2e676c0-e697-4c6c-bce0-2919d4bd1bd1"><div class="bn-block" data-node-type="blockContainer" data-id="a2e676c0-e697-4c6c-bce0-2919d4bd1bd1"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Hoạt động mint / farm tăng mạnh</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3f2c1fee-2115-4579-8cbe-601e837e4960"><div class="bn-block" data-node-type="blockContainer" data-id="3f2c1fee-2115-4579-8cbe-601e837e4960"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Inflow stablecoin hướng vào nhóm tài sản mới</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c4154103-4ed8-4274-83e0-c792181104fd"><div class="bn-block" data-node-type="blockContainer" data-id="c4154103-4ed8-4274-83e0-c792181104fd"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Funding rate thay đổi ở các futures của token dẫn dắt narrative</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a15c6578-fa13-4840-9fba-4fda03f549ad"><div class="bn-block" data-node-type="blockContainer" data-id="a15c6578-fa13-4840-9fba-4fda03f549ad"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Chúng thể hiện dòng tiền đang “rời bến cũ – cập bến mới”.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c3f2d7e4-83dc-4ec5-9d02-cce990ae521c"><div class="bn-block" data-node-type="blockContainer" data-id="c3f2d7e4-83dc-4ec5-9d02-cce990ae521c"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content"><strong>KẾT LUẬN</strong></h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e89caf73-9d09-407d-b849-8e79676b6887"><div class="bn-block" data-node-type="blockContainer" data-id="e89caf73-9d09-407d-b849-8e79676b6887"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Phát hiện smart money rotation theo thời gian thực dựa trên ba lớp tín hiệu:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2bd20b8-8c0e-4ab3-9ba3-d0b1405dec82"><div class="bn-block" data-node-type="blockContainer" data-id="d2bd20b8-8c0e-4ab3-9ba3-d0b1405dec82"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Dòng ví →</strong> theo dõi wallet flow;</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dcc69cbe-e104-48ac-bbc5-14159e7f73b4"><div class="bn-block" data-node-type="blockContainer" data-id="dcc69cbe-e104-48ac-bbc5-14159e7f73b4"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Hành vi →</strong> thay đổi pattern giao dịch;</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="94691c54-b920-4bb4-8b44-136749b86011"><div class="bn-block" data-node-type="blockContainer" data-id="94691c54-b920-4bb4-8b44-136749b86011"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Hệ thống →</strong> biến động LP, gas, narrative activity.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="356deca6-bc7f-42e6-b1f7-40fe09a4c5df"><div class="bn-block" data-node-type="blockContainer" data-id="356deca6-bc7f-42e6-b1f7-40fe09a4c5df"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Kết hợp cả ba giúp nhận diện dòng vốn xoay vòng sớm hơn thị trường, đem lại lợi thế vượt trội trong giao dịch.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="484e7d52-ea7d-4044-9f8a-f5d049448781"><div class="bn-block" data-node-type="blockContainer" data-id="484e7d52-ea7d-4044-9f8a-f5d049448781"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Cơ chế phát hiện smart money rotation qua thời gian thực

通过实时检测聪明钱轮动的机制

Yields are shifting again—staying flexible is the strategy.

DeFi Corner

DeFi 角落

SoSoValue is a crypto research &amp; analytics / investment-research platform that uses AI (artificial intelligence) technology to collect data from various sources (prices, on-chain data, ETF flows, news, etc.), and then combines them into a single dashboard to make decisions easier for investors — both beginners and professionals. 

SoSoValue also allows you to buy/sell stocks through a “spot index investing” system called SSI Protocol (Spot-based Index Protocol). This means that instead of investing in individual “tokens”, you can invest in a “basket” of cryptocurrencies or assets that are linked — to reduce risk and simplify management. 

📈 Current user base and value

In January 2025, SoSoValue raised $15 million in Series A funding, which was a $15 million round — bringing its valuation to nearly US$200 million. 

 At the time of its launch (2024) a few months later, it had already accumulated over 1.2 million users in five months. 

By the end of 2024 / early 2025, it was said that the number of registered users had exceeded 8 million. 

These figures and investments show that SoSoValue has gained great popularity among crypto enthusiasts around the world — it has become one of the most important platforms in the field of crypto research and market analysis. 

💡 SoSoValue’s strengths / advantages

Good Data &amp; Analytics — because it collects data from many fields (price, on-chain, ETF flows, news), this helps investors see a single true picture. 

Easy investment and reduced complexity — through the SSI Protocol, investors can get “diversified exposure” (i.e. investing in a basket of assets) instead of choosing one by one; this makes investing easier, especially for beginners. 

 Accessibility for everyone — SoSoValue strives to “democratize” access to expert-level data and tools for everyone, regardless of expertise. 

Support for analysts and professionals — If you are an analyst or fund manager, SoSoValue includes tools like “ETF dashboards”, “on-chain data”, “cross-domain indicators”, API for data ingestion, etc. — that can greatly assist you in making decisions or writing reports. 

⚠️ Limitations and Things to Watch Out For

Although SoSoValue is most powerful in “global crypto &amp; ETF / DeFi data” — but if you are in a country like Nigeria or Africa — you should make sure that the data/crypto services you want are relevant to your market environment; some features (like ETF flows or DeFi protocols) may be restricted to users in other countries.

While it provides easy access to data — it does not necessarily eliminate the risk of “crypto market volatility”. Analysis and diversification are very important. 

If you are using a DeFi protocol or smart-contracts (e.g. SSI), it is important to understand the risks: security, gas prices, slippage, etc.

🎯 What does this mean for you (or crypto enthusiasts in Nigeria / Africa)

If you are a crypto enthusiast or interested in investing in crypto/ETF/decentralized “assets”, SoSoValue can be very useful: it allows you to see data, analyze and make decisions quickly and efficiently.

As SoSoValue strives to simplify investing, this can help beginners and inexperienced investors to enter the market without much difficulty — as long as they follow the safety measures.

But still: don’t put everything on one platform — you should diversify your investments, do your research, and understand the risks of crypto.

 ---

If you want — I can look at statistics or special reports showing the number of users, the countries where SoSoValue operates the most, and the size of the market (i.e. “market share globally / by region”) — that would give you a more complete picture. Do you want me to start that now?

sosovalue

社会价值

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="113849ca-ec76-4f0d-a339-74437c5993f8"><div class="bn-block" data-node-type="blockContainer" data-id="113849ca-ec76-4f0d-a339-74437c5993f8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The collaboration reflects a growing institutional trend toward merging crypto infrastructure with traditional finance.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d09a25af-befa-4f01-96e7-a4563d5c1944"><div class="bn-block" data-node-type="blockContainer" data-id="d09a25af-befa-4f01-96e7-a4563d5c1944"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

collaboration

合作

Institutions like s&p global, bny mellon and nasdaq just placed $50 m in digital assets at digital asset holdings for their canton network.

finance serves as a good use case for decentralized networks like cantor, and financial institutions are always in need of secure online transactions.
<br> why is there so much cash coiled up on the sidelines? 
<br> because every time a new protocol begins to gather traction, crypto becomes an easier sell. rakuten announced they were rolling out crypto debit visa cards recently and then boom: solana jumped 20%+ (several others did too). the introduction of retail wallets puts everything we asset class can offer directly into main street households. imagine being able to buy sol or lava from your bank using fiat currency without incurring hundreds of dollars' worth of gas fees? this would be a public adoption game changer when it comes to novel crypto projects with real utility that help society solve its greatest challenges \(namely eco-sustainability through genesis poh). last week alone there was over $500m more usdt than eth around - a sure sign someones eying future opportunities across many percentiles which could include defi lending platforms such as xinfin's xdc finance network focus heavily integrating their technology storage capabilities all throughout asia..
<br>
just wait until the big boys finally decide enough waiting has occurred since january '23 offloads weighed down ethereum liquidity needed elsewhere; current numbers show let up haven't yet materialized on net withdrawals across bitwise indices after these recent bullish highs because no one wants holdings costing them money while repairing previous mistakes made during more uncertain years ahead.


LAVA

$2.1 T stablecoin left on exchanges, available to deploy into something of value at any moment.

2.1 万亿美元的稳定币留在交易所，随时可投入有价值的东西。

📈 Token BAR is gaining traction!
Volume rising, community growing, sentiment improving.
SoSoValue analytics is flashing green signals.
Is $BAR the next mover?

Token BAR

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="24691364-c40b-4208-8293-0e146cc403d7"><div class="bn-block" data-node-type="blockContainer" data-id="24691364-c40b-4208-8293-0e146cc403d7"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Protect your assets wisely.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="833b024e-c945-40f0-b9d1-78e51fcdb3e6"><div class="bn-block" data-node-type="blockContainer" data-id="833b024e-c945-40f0-b9d1-78e51fcdb3e6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Importance of Security in Crypto

加密货币中安全的重要性

The U.S. Securities and Exchange Commission (SEC) has approved the first 2x leveraged $SUI ETF (TXXS), issued by 21Shares and listed on Nasdaq.

Sui: First 2x leveraged SUI ETF approved by U.S. SEC, now listed on Nasdaq

Sui：首个 2 倍杠杆 SUI ETF 获美国 SEC 批准，现已在纳斯达克上市

Organic Users Over Hype Why Hyperliquid’s Metrics Show True Adoption

有机用户胜过炒作：为什么 Hyperliquid 的指标显示了真正的采用

ETH needs to regain the 3,400 - 3,600 level in the near future. The chance of a strong increase to 4,500 - 5,000 is quite high.
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