Blok zinciri

Neynar’s acquisition of Farcaster—valued at more than $1 billion—has shaken up the Web3 social landscape. This article analyzes how Neynar has leveraged its developer tools, data gateways, and ties to Coinbase to make the leap from infrastructure provider to protocol controller. It also highlights the key inflection point as Farcaster moves from an open experiment to a commercialized platform.

Solana Mobile has officially launched the claim process for its native token, SKR. This article provides an in-depth analysis of the SKR issuance model, staking and governance mechanisms, and explores the critical variables that may transition the Seeker ecosystem from random airdrops to a sustainable development model.

The article forecasts that official backing will draw liquidity, set legal standards, and transform the brokerage landscape into crypto-native brokerages, with stablecoins serving as the global bridge for capital inflows.

Lens Protocol has fulfilled its mission, and Mask Network is stepping up to pioneer consumer-grade decentralized social networking. Mask manages Mastodon, reaching 1.9 million monthly active users, has acquired Orb with 50,000 users, and has built a product ecosystem featuring Firefly and Web3.bio. Bonfire has invested in more than 120 projects, establishing its role as the Tencent of Web3.

The article highlights AI's role as a "coprocessor" that expands decision-making and creative capacity, driving internal development to create unique competitive advantages, instead of competing in the crowded SaaS sector.

The article further breaks down five transition paths from a founder's perspective: shutdown, bounty platforms, Korean-style brand blogs, multi-platform expansion, and MCN-style management. It also highlights two unresolved structural core contradictions: incentive design and token value challenges.

Does the success of stablecoins and Bitcoin ETFs indicate that crypto finance is replacing TradFi? This article examines why traditional finance remains the institutional foundation enabling stablecoins and crypto ETFs, analyzing from perspectives of credit creation, settlement systems, and regulatory frameworks.

Cosmos application chain Noble has announced plans to migrate to an EVM L1. This article examines how this shift will affect liquidity and project retention across the Cosmos ecosystem. It further discusses the attractiveness of the EVM ecosystem for cross-chain development, alongside the challenges and opportunities that Cosmos IBC faces in this evolving landscape.

This article provides a comprehensive analysis of the critical issues confronting the token economy in 2025. Regulatory frameworks increasingly categorize decentralized projects under traditional securities or commodities. Token rights are frequently excluded from mergers and acquisitions, while protocol dividends are nearing the regulatory boundaries for securities classification. These developments highlight the underlying disconnect between token valuation and legal safeguards.

Pendle has launched the sPENDLE token upgrade, optimizing liquidity and income distribution mechanisms. Supported by Boros to expand the on-chain interest rate derivatives market, Pendle is accelerating the construction of DeFi fixed-income infrastructure for institutional clients.

USDD TVL has exceeded the $1 billion supplemental liquidity pool, creating a sustainable deflationary model that enables DeFi investors to capitalize on the long-term scarcity value of JST.

This article offers a critical analysis of prediction markets, contending that they serve not as instruments for "discovering the truth," but as financial products designed for wagering on future event outcomes. By examining cases such as bets on Maduro, it demonstrates how information asymmetry impacts market prices and underscores the necessity of well-defined incentives and effective regulation.

Sentient, an open-source AI protocol, has unveiled the economic model for its native token, SENT. This article provides a comprehensive overview of SENT's supply allocation, community incentive structures, and long-term ecosystem mechanisms. It also examines the potential effects of the token's design on project growth and value capture.

The author exposes that the core of the InfoFi sector relies on siphoning Web2 traffic. The rampant spread of AI-generated junk content is causing self-inflicted harm, and the outlook suggests that Web3 projects built on platform-driven growth will struggle to maintain control over their future.

The author examines Base's strengths in user acquisition compared to industry leaders such as Stripe, and underscores Polygon's approach to sidestep the saturated Layer-2 sector by focusing on open payment channels—a move that involves both significant risks and potential rewards. Additionally, the piece provides an in-depth analysis of the emerging narrative for the $POL token.