🤯 Altcoin active market making is moving towards the 4.0 era!

In the past few days, I’ve been in Dubai discussing market making with industry leaders, and I’ve found that altcoins have evolved from the old “pump + supply control” gameplay to a more extreme, refined, and profitable 4.0 model.

Let’s talk about the current state 👇
This year, after 2.0 sell-reduction market makers represented by Web3Port faded out, the market has actually been in a 2.0 and 3.0 coexistence phase.

🔥 3.0: The violent era of pure capital-controlled manipulation
Representative projects: $ZKJ , $MYX , $MMT
The approach is simple:
💰 Large capital allocation
🎮 Extreme supply control
📉📈 Direct “hard pump + hard dump” to create violent price action
💥 Profiting from liquidation of leveraged contracts
The problems are obvious:
❌ Too many user liquidations → community backlash
❌ Frequent hits to the exchange insurance fund → exchanges will directly sanction
❌ Profits are hard to withdraw → can’t last long
So the violent 3.0 model has started to hit its ceiling.

⚙️ 4.0: The new era of extreme funding rate grinding is emerging
Top market makers are now experimenting with a new gameplay:
No more violent pumps and dumps, no more relying on liquidations—
Instead:
🔥 High position holdings
🔥 Extreme funding rates
🔥 Long-term grinding
There are cases showing:
📌 Users’ positions experience up to 48% daily decay
📌 No need for violent price action
📌 Won’t hit the exchange insurance fund
📌 Lower risk, steady returns, and the game can continue
Theoretically:
With $100 million in open interest, under the 4.0 model, you can make tens of millions in funding fees in just two days.
This is basically the crypto version of a “legal harvesting machine.”

❓ But here’s the question
Can the 4.0 model last long-term and scale up?
Can it keep making money without triggering regulatory or exchange crackdowns?
→ All of this is still being tested.

In a nutshell 👇
💥 The violent 3.0 control isn’t dead yet, but the “profit by funding rate” 4.0 is becoming the new main trend.
In the future, altcoin market making will look more and more like “game design + financial engineering.”