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链上磕学家fish

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Web3空投从0到0.1 | 链上磕学家 | 链上撸毛实废 | 遇到问题睡大觉 | 搞不定就拜佛 | 技术实菜新人 | 想要做个气氛组 | 工作太忙如何向上管理
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【Alpha】Sister He Yi saw everyone's feedback, Binance saw everyone's feedback, Alpha retail investors have been saved, thank you Binance, love Binance!🎉
【Alpha】Sister He Yi saw everyone's feedback, Binance saw everyone's feedback, Alpha retail investors have been saved, thank you Binance, love Binance!🎉
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0xAirzZ
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Bullish
#BinanceABCs Please call me 10u War God! $ASTER
{spot}(ASTERUSDT)
Let's go long on aster! Copy cz's bottom!!!
666
666
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Free 5U, brothers hurry up, there are still a few thousand spots! The answer to the first question is B, the rest are all C🚀
Free 5U, brothers hurry up, there are still a few thousand spots! The answer to the first question is B, the rest are all C🚀
币安Binance华语
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😈When you see an official person's Web2 social media account: "I am about to release a new meme..."

What will you do❓
A. It must have been hacked, I will DM her to confirm
B. Trust the official announcement, significant information will definitely not be released through private channels!
C. I have a bold idea to seize the opportunity to apply for a job...🤓☝️

✅RT and participate in #BinanceSafetyThursday test, the first 10,000 users will share a reward of 50,000 USDT
👉立即参与
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Brothers, have you noticed the recent performance of $FHE ? Since December 7, the price has skyrocketed from $0.015 to $0.056, an increase of 260%, more than tripling! The price is currently stable around $0.056, with a 24-hour increase remaining between 34% and 40%, and the trading volume has reached over $34 million; this enthusiasm is no joke. A 7-day increase of 250%, ranking at the top of the Binance increase list, with contract trading volume ranking 19th, just behind SUI. This level of trading enthusiasm indicates that funds are truly flooding in. The wave of market activity behind #FHE is not just hype; Mind Network, as the leader in fully homomorphic encryption, has hardcore technology, backed by Binance Labs, specializing in end-to-end encrypted computing for Web3 and AI, which is quantum-level privacy protection technology. Mind Network is expanding to Solana, bringing privacy protection for AI agents. This expansion will unlock cross-chain privacy and fully homomorphic encryption (FHE) computing for the @pippinlovesyou ecosystem. The Mind Network community will work hand in hand with the Pippin community in future rewards. Why choose Pippin? Pippin believes in the future of AI. AI needs privacy protection. With the advancement of multi-chain deployment, it will unlock: • Cross-chain private execution • Stealth addresses • A2A transactions $FHE currently has a market value of only $14 million to $20 million; this scale combined with such technological strength and ecological layout has a lot of room for growth. From the price trend, it has surged from $0.015 to $0.056; although there have been pullbacks in between, the overall trend is clear, and the recognition of funds is very high. The FHE track itself is a hard demand for AI + Web3; privacy computing is something everyone cannot avoid, especially for AI agents that require end-to-end encryption scenarios. Mind Network is backed by top institutions such as Binance Labs, HashKey Capital, and Animoca Brands, with technical collaborations with Chainlink, DeepSeek AI, Google, and Alibaba Cloud; this is not a project that makes empty promises. Binance now has both spot and futures trading, and KuCoin futures have just launched, with liquidity continuously improving. Friends who want to get on board can pay attention to this position. The wave of market activity for #FHE has just begun, and the explosion period for the privacy track may still be ahead; I suggest you DYOR, but this project is worth keeping a close eye on. #FHE $FHE {future}(FHEUSDT)
Brothers, have you noticed the recent performance of $FHE ? Since December 7, the price has skyrocketed from $0.015 to $0.056, an increase of 260%, more than tripling! The price is currently stable around $0.056, with a 24-hour increase remaining between 34% and 40%, and the trading volume has reached over $34 million; this enthusiasm is no joke. A 7-day increase of 250%, ranking at the top of the Binance increase list, with contract trading volume ranking 19th, just behind SUI. This level of trading enthusiasm indicates that funds are truly flooding in. The wave of market activity behind #FHE is not just hype; Mind Network, as the leader in fully homomorphic encryption, has hardcore technology, backed by Binance Labs, specializing in end-to-end encrypted computing for Web3 and AI, which is quantum-level privacy protection technology.
Mind Network is expanding to Solana, bringing privacy protection for AI agents.
This expansion will unlock cross-chain privacy and fully homomorphic encryption (FHE) computing for the @pippinlovesyou ecosystem. The Mind Network community will work hand in hand with the Pippin community in future rewards.
Why choose Pippin?
Pippin believes in the future of AI. AI needs privacy protection.
With the advancement of multi-chain deployment, it will unlock:
• Cross-chain private execution
• Stealth addresses
• A2A transactions
$FHE currently has a market value of only $14 million to $20 million; this scale combined with such technological strength and ecological layout has a lot of room for growth. From the price trend, it has surged from $0.015 to $0.056; although there have been pullbacks in between, the overall trend is clear, and the recognition of funds is very high. The FHE track itself is a hard demand for AI + Web3; privacy computing is something everyone cannot avoid, especially for AI agents that require end-to-end encryption scenarios. Mind Network is backed by top institutions such as Binance Labs, HashKey Capital, and Animoca Brands, with technical collaborations with Chainlink, DeepSeek AI, Google, and Alibaba Cloud; this is not a project that makes empty promises. Binance now has both spot and futures trading, and KuCoin futures have just launched, with liquidity continuously improving. Friends who want to get on board can pay attention to this position. The wave of market activity for #FHE has just begun, and the explosion period for the privacy track may still be ahead; I suggest you DYOR, but this project is worth keeping a close eye on.
#FHE $FHE
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🧧🧧💰💰Soon to reach 35k followers, giving out red boxes for everyone, quickly share with your friends to receive benefits together! Thank you Binance, thank you all for your support, sending benefits to everyone every day🧧🧧🧧🧧🧧💰💰🧧🧧#加密市场观察 #比特币VS代币化黄金 $BTC {future}(BTCUSDT)
🧧🧧💰💰Soon to reach 35k followers, giving out red boxes for everyone, quickly share with your friends to receive benefits together! Thank you Binance, thank you all for your support, sending benefits to everyone every day🧧🧧🧧🧧🧧💰💰🧧🧧#加密市场观察 #比特币VS代币化黄金 $BTC
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Bearish
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🧧🧧💰💰Impact 40k followers, sending out red boxes for everyone, quickly share with your friends to receive benefits together! Thank you Binance, thank you all for your support, sending benefits to everyone every day🧧🧧🧧🧧🧧💰💰🧧🧧#加密市场回调 #香港稳定币新规 $BTC {future}(BTCUSDT)
🧧🧧💰💰Impact 40k followers, sending out red boxes for everyone, quickly share with your friends to receive benefits together! Thank you Binance, thank you all for your support, sending benefits to everyone every day🧧🧧🧧🧧🧧💰💰🧧🧧#加密市场回调 #香港稳定币新规 $BTC
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From Uranium Mines to DeFi, Morpho Opens a New Chapter for Real-World Assets[On-chain Scholar fish - Market Research Daily] Just heard a shocking news, my friend borrowed 100,000 USDC on DeFi yesterday using his uranium mine tokens, which was unimaginable before. What kind of sparks will fly when traditional commodities meet decentralized finance? On November 6, the Morpho protocol officially integrated the xU3O8 token as collateral for lending, marking the first deep integration of the $50 billion uranium market with DeFi. This message reminds me of an industry gathering earlier this year, where many institutional investors were discussing a question: Why is the DeFi lending market always limited to crypto-native assets? Why can't valuable real-world assets be brought in? Now the answer has arrived. Morpho, through collaboration with Uranium.io and Oku, allows users holding tokenized assets backed by physical uranium mines to directly engage in collateralized lending on-chain without having to sell these precious commodity assets.

From Uranium Mines to DeFi, Morpho Opens a New Chapter for Real-World Assets

[On-chain Scholar fish - Market Research Daily] Just heard a shocking news, my friend borrowed 100,000 USDC on DeFi yesterday using his uranium mine tokens, which was unimaginable before. What kind of sparks will fly when traditional commodities meet decentralized finance? On November 6, the Morpho protocol officially integrated the xU3O8 token as collateral for lending, marking the first deep integration of the $50 billion uranium market with DeFi.
This message reminds me of an industry gathering earlier this year, where many institutional investors were discussing a question: Why is the DeFi lending market always limited to crypto-native assets? Why can't valuable real-world assets be brought in? Now the answer has arrived. Morpho, through collaboration with Uranium.io and Oku, allows users holding tokenized assets backed by physical uranium mines to directly engage in collateralized lending on-chain without having to sell these precious commodity assets.
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RWA Tidal Retreat? Don't rush to close the webpage, Hemi is moving Bitcoin Treasury bonds on-chain【On-Chain Scholar fish - Market Research Daily】Recently, the RWA topic has cooled down, and the yield on on-chain US Treasury bonds has dropped below 4%. However, institutional money won't sleep; they are starting to look for higher-grade collateral. As soon as the news of the collaboration between Dominari and Hemi came out, I immediately thought of the 'Bitcoin version of Treasury bonds': the PoP consensus embeds the Hemi block hash into the BTC main chain, anchoring every nine blocks, which means obtaining the immutability of Bitcoin as a backing. Dominari uses this mechanism to issue a compliant BTC ETF, smoothly opening up the compliance path for traditional institutions. Further imagining, if PoP records can serve as audit evidence recognized by US accounting standards, then Bitcoin's natural scarcity + ultra-finality can equate to 'Treasury bonds with no default risk'. Don't forget that Hemi's hVM can inherently read the states of two chains, and in the future, it may even be possible to write in the same contract: 'If the BTC chain height reaches N, and ETF shares are less than M, then trigger automatic repurchase.' This could save countless costs compared to the traditional tri-party model of custodianship + accounting + auditing. The next scene of RWA may be rewritten like this by the 'dual insurance' of Bitcoin and Ethereum L2.

RWA Tidal Retreat? Don't rush to close the webpage, Hemi is moving Bitcoin Treasury bonds on-chain

【On-Chain Scholar fish - Market Research Daily】Recently, the RWA topic has cooled down, and the yield on on-chain US Treasury bonds has dropped below 4%. However, institutional money won't sleep; they are starting to look for higher-grade collateral. As soon as the news of the collaboration between Dominari and Hemi came out, I immediately thought of the 'Bitcoin version of Treasury bonds': the PoP consensus embeds the Hemi block hash into the BTC main chain, anchoring every nine blocks, which means obtaining the immutability of Bitcoin as a backing. Dominari uses this mechanism to issue a compliant BTC ETF, smoothly opening up the compliance path for traditional institutions. Further imagining, if PoP records can serve as audit evidence recognized by US accounting standards, then Bitcoin's natural scarcity + ultra-finality can equate to 'Treasury bonds with no default risk'. Don't forget that Hemi's hVM can inherently read the states of two chains, and in the future, it may even be possible to write in the same contract: 'If the BTC chain height reaches N, and ETF shares are less than M, then trigger automatic repurchase.' This could save countless costs compared to the traditional tri-party model of custodianship + accounting + auditing. The next scene of RWA may be rewritten like this by the 'dual insurance' of Bitcoin and Ethereum L2.
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Exponent Three-Month Ranking Competition, How I Helped My Small Team Achieve Over 10,000 Daily Transactions【On-chain Scholar fish - Market Research Daily】If you missed last year's Base On-chain Summer, you absolutely cannot miss this Linea Exponent. The rules are ridiculously simple: the first 10 transactions by Sumsub verified users each day are scored at 100% weight, the next 10 at 20%, and the top 42 projects will share $250,000, along with API, audit, and DevRel resources. Our small studio originally only did cross-chain plugins, but upon hearing that Exponent doesn't look at financing or white papers, only on-chain traction, we migrated the plugin to Linea the same day and automated all front-end events for batch signing. On the fourth day after launch, our daily transaction count exceeded 12,300, directly climbing to 11th place on the leaderboard.

Exponent Three-Month Ranking Competition, How I Helped My Small Team Achieve Over 10,000 Daily Transactions

【On-chain Scholar fish - Market Research Daily】If you missed last year's Base On-chain Summer, you absolutely cannot miss this Linea Exponent. The rules are ridiculously simple: the first 10 transactions by Sumsub verified users each day are scored at 100% weight, the next 10 at 20%, and the top 42 projects will share $250,000, along with API, audit, and DevRel resources.
Our small studio originally only did cross-chain plugins, but upon hearing that Exponent doesn't look at financing or white papers, only on-chain traction, we migrated the plugin to Linea the same day and automated all front-end events for batch signing. On the fourth day after launch, our daily transaction count exceeded 12,300, directly climbing to 11th place on the leaderboard.
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From $1.67 plummeting 80% to $0.26, how big is the opportunity for XPL to rebound this time?[On-chain scholar fish - Market Research Daily] I woke up early yesterday morning to see that XPL had dropped another 18%, and my feelings were mixed. As an investor who has been following the project since its launch, watching it fall from a high of $1.67 to around $0.26 now, I have to say that this roller coaster market really tests one's psychological resilience. But interestingly, while everyone is criticizing @Plasma as the 'reset currency', I have seen some different signals. Yesterday's crash reminded me of the scene at the bottom of the bear market in 2022, when those truly valuable projects often turn around in the most desperate times.

From $1.67 plummeting 80% to $0.26, how big is the opportunity for XPL to rebound this time?

[On-chain scholar fish - Market Research Daily] I woke up early yesterday morning to see that XPL had dropped another 18%, and my feelings were mixed. As an investor who has been following the project since its launch, watching it fall from a high of $1.67 to around $0.26 now, I have to say that this roller coaster market really tests one's psychological resilience.
But interestingly, while everyone is criticizing @Plasma as the 'reset currency', I have seen some different signals. Yesterday's crash reminded me of the scene at the bottom of the bear market in 2022, when those truly valuable projects often turn around in the most desperate times.
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Stablecoins Losing Momentum? I Used 1 BTC to Flip and Earned 4 Layers of Interest – Here’s This Dual-Chain Superconducting Play【On-chain Philosopher Fish - Market Research Daily Report】In the crypto world, one year equals ten years. The proportion of stablecoins has dropped from 19% last year to 14%, as hot money rushes to mine high-yield new narratives. However, if you really want to find a place that is 'safe + efficient,' Bitcoin on-chain is obviously more stable, though it lacks programmability. Until I saw Hemi's 'tunnel → LST → restake → POL' four-step process: first, tunnel the native BTC into Hemi, and the system uses PoP to anchor the state back to the Bitcoin mainnet, with a 90-minute super finality; then mint btc into LSTs like enzoBTC, deposit them into Ploutos to earn USDC; next, use the obtained USDC to buy back $HEMI to lock in veHEMI; finally, rely on the protocol's own liquidity (POL) to receive secondary dividends. Throughout the process, there was no occurrence of centralized custody, nor did we need to wrap BTC into WBTC. The key is that the earnings roll in two lines: on-chain transaction fees are directly repurchased at a rate of 15% to destroy $HEMI ; another part is exchanged for hemiBTC allocated according to the locking period. If you lock for four years, the earnings are multiplied by four. After Phase-2 launches the short-term pool, rewards can be released steadily, flattening the annualized returns. In simpler terms, stablecoins only provide simple interest, while Hemi's dual-chain coupling combines the compounding leverage of BTC and DeFi, which is the alpha of the next stage.

Stablecoins Losing Momentum? I Used 1 BTC to Flip and Earned 4 Layers of Interest – Here’s This Dual-Chain Superconducting Play

【On-chain Philosopher Fish - Market Research Daily Report】In the crypto world, one year equals ten years. The proportion of stablecoins has dropped from 19% last year to 14%, as hot money rushes to mine high-yield new narratives. However, if you really want to find a place that is 'safe + efficient,' Bitcoin on-chain is obviously more stable, though it lacks programmability. Until I saw Hemi's 'tunnel → LST → restake → POL' four-step process: first, tunnel the native BTC into Hemi, and the system uses PoP to anchor the state back to the Bitcoin mainnet, with a 90-minute super finality; then mint btc into LSTs like enzoBTC, deposit them into Ploutos to earn USDC; next, use the obtained USDC to buy back $HEMI to lock in veHEMI; finally, rely on the protocol's own liquidity (POL) to receive secondary dividends. Throughout the process, there was no occurrence of centralized custody, nor did we need to wrap BTC into WBTC. The key is that the earnings roll in two lines: on-chain transaction fees are directly repurchased at a rate of 15% to destroy $HEMI ; another part is exchanged for hemiBTC allocated according to the locking period. If you lock for four years, the earnings are multiplied by four. After Phase-2 launches the short-term pool, rewards can be released steadily, flattening the annualized returns. In simpler terms, stablecoins only provide simple interest, while Hemi's dual-chain coupling combines the compounding leverage of BTC and DeFi, which is the alpha of the next stage.
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When USDT transfer fees drop to zero, what gives this new public chain the ability to challenge TRON's stablecoin dominance[On-chain Scholar fish - Market Research Daily] Last night while scrolling through social media, I saw a shocking message that someone transferred $1 million USDT on @Plasma with a fee of 0! My first reaction was that it was fake, but upon closer inspection, I found out it was true. On other public chains, this transfer would cost at least over $20 in fees, but on Plasma, it was completely free. This reminds me of the scene a few years ago when TRON first started to rise in the stablecoin market. At that time, Ethereum's transaction fees were often dozens of dollars, while TRON quickly attracted a large number of users with its low fees. Now it controls more than 50% of the global stablecoin supply, with about $150 billion of USDT circulating on the TRON network. But now, a new challenger has emerged.

When USDT transfer fees drop to zero, what gives this new public chain the ability to challenge TRON's stablecoin dominance

[On-chain Scholar fish - Market Research Daily] Last night while scrolling through social media, I saw a shocking message that someone transferred $1 million USDT on @Plasma with a fee of 0! My first reaction was that it was fake, but upon closer inspection, I found out it was true. On other public chains, this transfer would cost at least over $20 in fees, but on Plasma, it was completely free.
This reminds me of the scene a few years ago when TRON first started to rise in the stablecoin market. At that time, Ethereum's transaction fees were often dozens of dollars, while TRON quickly attracted a large number of users with its low fees. Now it controls more than 50% of the global stablecoin supply, with about $150 billion of USDT circulating on the TRON network. But now, a new challenger has emerged.
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The opening success of the fixed rate era, why I bet my family's education fund on Morpho's Markets V2【On-chain scholar fish - Market Research Daily】While friends are busy chasing floating annual rates in various liquidity pools, I have my eyes set on something more 'old-school' - fixed rates. This is quite common in TradFi, but has been absent in DeFi until @MorphoLabs announced Markets V2: matching 'quotes', putting 'how long to borrow and at what rate' directly into the on-chain order book. Imagine this: Party A places an order 'using WBTC as collateral, borrowing 1 million USDC, for 90 days, at an annual rate of 5%'; Party B thinks it's okay and completes the match in one block. After the match is completed, the borrower knows the interest rate won't change for the next 90 days, and the lender holds an on-chain bond, redeemable in a lump sum at maturity. For someone like me, who needs to plan for children's tuition, there is no more appealing term than 'certain cash flow'.

The opening success of the fixed rate era, why I bet my family's education fund on Morpho's Markets V2

【On-chain scholar fish - Market Research Daily】While friends are busy chasing floating annual rates in various liquidity pools, I have my eyes set on something more 'old-school' - fixed rates. This is quite common in TradFi, but has been absent in DeFi until @Morpho Labs 🦋 announced Markets V2: matching 'quotes', putting 'how long to borrow and at what rate' directly into the on-chain order book.
Imagine this: Party A places an order 'using WBTC as collateral, borrowing 1 million USDC, for 90 days, at an annual rate of 5%'; Party B thinks it's okay and completes the match in one block. After the match is completed, the borrower knows the interest rate won't change for the next 90 days, and the lender holds an on-chain bond, redeemable in a lump sum at maturity. For someone like me, who needs to plan for children's tuition, there is no more appealing term than 'certain cash flow'.
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SharpLink's $200 million ETH experimental field, why did they only choose Linea[On-chain scholars fish - market research daily] Most readers' understanding of SharpLink is still at the level of 'holding whale positions.' But when this NASDAQ-listed company announced on October 28 that it would deploy $200 million in ETH to Linea, my first reaction was not 'good news,' but 'capital's will is shifting.' Traditional institutions have played with on-chain yields, but for many years they have only been willing to earn a 3% staking interest on the mainnet, preferring to pay 90 Gwei in gas rather than risk the 'contract compatibility' of layer two. Why is there an exception this time? I got three key points after the conference call: security, yield, and alignment with Ethereum.

SharpLink's $200 million ETH experimental field, why did they only choose Linea

[On-chain scholars fish - market research daily] Most readers' understanding of SharpLink is still at the level of 'holding whale positions.' But when this NASDAQ-listed company announced on October 28 that it would deploy $200 million in ETH to Linea, my first reaction was not 'good news,' but 'capital's will is shifting.'
Traditional institutions have played with on-chain yields, but for many years they have only been willing to earn a 3% staking interest on the mainnet, preferring to pay 90 Gwei in gas rather than risk the 'contract compatibility' of layer two. Why is there an exception this time? I got three key points after the conference call: security, yield, and alignment with Ethereum.
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The Truth Behind Doubling Returns in 30 Days: How I Locked in the Next Performance Monster during the Bitcoin Bull Market【On-chain Researcher fish - Market Research Daily】If it weren't for that profit screenshot going viral in the friend circle, I probably wouldn't have paid attention to the low-key Hemi: A friend transferred 3.6 BTC through Hemi's tunnel on-chain two weeks ago, securing two layers of profit, and today the account screenshot shows an annualized rate of 23.4%. Don't rush to criticize high-yield scams; my first reaction was also 'the myth of getting rich too quickly' feels too strong, but out of curiosity, I delved into the backend data and found that after the upgrade to Hemi mainnet version 1.2, the TPS shot up to 5,000+ and fees were cut by 60%, yet the TVL remained around 270 million USD, indicating the market hasn't fully priced it. More absurdly, on October 31, the first phase of the economic model just went live, automatically exchanging 8.26 ETH in fees for 0.2445 hemiBTC + 100,000 $HEMI points to veHEMI stakers, while also burning 98,000 $HEMI. This 'profit - burn - re-stake' cycle looks like a compressed folder within a compressed folder, layer upon layer. Some asked if it’s the same old routine as Stacks? No, Hemi's hVM directly integrates a complete Bitcoin node into the EVM, allowing contracts to read UTXO states in real-time, which is a different dimension from simple bridging. Looking at exchange depth, Binance's USDT order book with 100k manual orders has a slippage of less than 0.3%, while Bitget and Bybit's perpetual funding rates are often at a positive premium, a typical structure with high shorting costs and deeply locked chips. With the combination of technology, data, and liquidity, I believe the current price of 0.03 USD feels more like a 'pre-sale'; friends who have played with mining machines understand that the real starting line for a bull market is from the testnet to the mainnet launch.@Hemi $HEMI #Hemi

The Truth Behind Doubling Returns in 30 Days: How I Locked in the Next Performance Monster during the Bitcoin Bull Market

【On-chain Researcher fish - Market Research Daily】If it weren't for that profit screenshot going viral in the friend circle, I probably wouldn't have paid attention to the low-key Hemi: A friend transferred 3.6 BTC through Hemi's tunnel on-chain two weeks ago, securing two layers of profit, and today the account screenshot shows an annualized rate of 23.4%. Don't rush to criticize high-yield scams; my first reaction was also 'the myth of getting rich too quickly' feels too strong, but out of curiosity, I delved into the backend data and found that after the upgrade to Hemi mainnet version 1.2, the TPS shot up to 5,000+ and fees were cut by 60%, yet the TVL remained around 270 million USD, indicating the market hasn't fully priced it. More absurdly, on October 31, the first phase of the economic model just went live, automatically exchanging 8.26 ETH in fees for 0.2445 hemiBTC + 100,000 $HEMI points to veHEMI stakers, while also burning 98,000 $HEMI . This 'profit - burn - re-stake' cycle looks like a compressed folder within a compressed folder, layer upon layer. Some asked if it’s the same old routine as Stacks? No, Hemi's hVM directly integrates a complete Bitcoin node into the EVM, allowing contracts to read UTXO states in real-time, which is a different dimension from simple bridging. Looking at exchange depth, Binance's USDT order book with 100k manual orders has a slippage of less than 0.3%, while Bitget and Bybit's perpetual funding rates are often at a positive premium, a typical structure with high shorting costs and deeply locked chips. With the combination of technology, data, and liquidity, I believe the current price of 0.03 USD feels more like a 'pre-sale'; friends who have played with mining machines understand that the real starting line for a bull market is from the testnet to the mainnet launch.@Hemi $HEMI #Hemi
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The latter half of a Depeg storm: how I captured the systemic resilience of Morpho amidst panic[On-chain researcher fish - Market Research Daily] In the early hours of November 3rd, xUSD was smashed from $1.26 to $0.24, and my Twitter timeline was flooded with a frenzy of 'runaway' posts. Almost at the same time, @MorphoLabs several Vaults with xUSD as the base asset saw interest rates break 14%, and the number of people queuing for withdrawals surged. At that moment, I immediately thought of the complex domino effect in 2022, but this time the story ended completely differently: 48 hours later, the market stabilized, Morpho did not generate systemic bad debts, and only a very small portion of Vaults experienced frozen losses. What makes this chain withstand extreme pressure? After analyzing over 3000 transactions on the chain, I have summarized three points of the 'resilience code':

The latter half of a Depeg storm: how I captured the systemic resilience of Morpho amidst panic

[On-chain researcher fish - Market Research Daily] In the early hours of November 3rd, xUSD was smashed from $1.26 to $0.24, and my Twitter timeline was flooded with a frenzy of 'runaway' posts. Almost at the same time, @Morpho Labs 🦋 several Vaults with xUSD as the base asset saw interest rates break 14%, and the number of people queuing for withdrawals surged. At that moment, I immediately thought of the complex domino effect in 2022, but this time the story ended completely differently: 48 hours later, the market stabilized, Morpho did not generate systemic bad debts, and only a very small portion of Vaults experienced frozen losses.
What makes this chain withstand extreme pressure? After analyzing over 3000 transactions on the chain, I have summarized three points of the 'resilience code':
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From 20% ETH to 80% LINEA, the Dual Burning Era I Experienced【On-Chain Researcher Fish - Market Research Daily】Every time I open the on-chain browser, I habitually check the burning list first. On the early morning of November 4th, I saw Linea directly burn over $400,000 worth of ETH and LINEA in a single day. The moment the two red lines were simultaneously moving, I suddenly realized that the story of Ethereum's 'reduction' was being replayed on layer two, but even more fiercely. 20% of the transaction fees instantly transformed into ETH fireworks, while the remaining 80% entered the buyback pool to repurchase LINEA and ignite it again. Someone asked me how ruthless this design really is? My intuitive answer is: if 1559 was an inflation surgery, then Linea's dual burning is a follow-up cut.

From 20% ETH to 80% LINEA, the Dual Burning Era I Experienced

【On-Chain Researcher Fish - Market Research Daily】Every time I open the on-chain browser, I habitually check the burning list first. On the early morning of November 4th, I saw Linea directly burn over $400,000 worth of ETH and LINEA in a single day. The moment the two red lines were simultaneously moving, I suddenly realized that the story of Ethereum's 'reduction' was being replayed on layer two, but even more fiercely. 20% of the transaction fees instantly transformed into ETH fireworks, while the remaining 80% entered the buyback pool to repurchase LINEA and ignite it again. Someone asked me how ruthless this design really is? My intuitive answer is: if 1559 was an inflation surgery, then Linea's dual burning is a follow-up cut.
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A Drop of 85% Yet Cracking into the Top Five of New Chains! Plasma's 489,000 Daily Active Users Reveal the Truth of Price and Ecosystem Divergence【On-chain Scholar Fish - Market Research Daily】When writing this article, XPL had just dropped to $0.25, evaporating 85% from its peak of $1.67 when it was launched in September. A bunch of conspiracy theories on Twitter are shouting "another shitcoin", but when I opened the futures panel, I found that the funding rate for shorts across the network had quickly returned from +0.01% to 0 on the Plasma TA Dashboard in the past 24 hours; meanwhile, the open contracts on Binance had reduced by 17%, and both long and short positions suddenly became hesitant, which is usually a signal that the trend is nearing its end. The real data on-chain is also speaking: although the mainnet's daily average of 14.9 TPS is far below the official limit of 1,000 TPS, the 489,000 daily active addresses continue to push Plasma into the top five of new chains on Plasma Insights. The avalanche of prices does not necessarily mean the collapse of the ecosystem; more often, it is just a mismatch between the unlocking cycle and expectations. The team allocated 40% of the tokens for ecological incentives, and PoS staking will not go live until Q1 2026, which means that the current XPL is bearing the impact of circulation while also lacking demand for locked positions, making short-term volatility unsurprising. For me, the underlying logic is simple: as long as Plasma's zero-fee stablecoin channel, pBTC gas, and confidential payments continue to be implemented, and regulatory licenses are continuously obtained, on-chain cash flow will eventually fill the deep pits dug out by speculation like water. By then, staking rewards, fee burning, and payment discounts will naturally capture XPL's value, rather than relying on market sentiment. Therefore, I decided to open a small long position near 0.25, setting a stop-loss at 0.20, with the target set for the day when the product scale breaks ten million daily active users. After all, for a public chain that only does "money", the hardest part is not the price increase, but making ordinary people forget its existence while still being unable to live without it—just like today's TCP/IP; you use it, but never really realize it.

A Drop of 85% Yet Cracking into the Top Five of New Chains! Plasma's 489,000 Daily Active Users Reveal the Truth of Price and Ecosystem Divergence

【On-chain Scholar Fish - Market Research Daily】When writing this article, XPL had just dropped to $0.25, evaporating 85% from its peak of $1.67 when it was launched in September. A bunch of conspiracy theories on Twitter are shouting "another shitcoin", but when I opened the futures panel, I found that the funding rate for shorts across the network had quickly returned from +0.01% to 0 on the Plasma TA Dashboard in the past 24 hours; meanwhile, the open contracts on Binance had reduced by 17%, and both long and short positions suddenly became hesitant, which is usually a signal that the trend is nearing its end. The real data on-chain is also speaking: although the mainnet's daily average of 14.9 TPS is far below the official limit of 1,000 TPS, the 489,000 daily active addresses continue to push Plasma into the top five of new chains on Plasma Insights. The avalanche of prices does not necessarily mean the collapse of the ecosystem; more often, it is just a mismatch between the unlocking cycle and expectations. The team allocated 40% of the tokens for ecological incentives, and PoS staking will not go live until Q1 2026, which means that the current XPL is bearing the impact of circulation while also lacking demand for locked positions, making short-term volatility unsurprising. For me, the underlying logic is simple: as long as Plasma's zero-fee stablecoin channel, pBTC gas, and confidential payments continue to be implemented, and regulatory licenses are continuously obtained, on-chain cash flow will eventually fill the deep pits dug out by speculation like water. By then, staking rewards, fee burning, and payment discounts will naturally capture XPL's value, rather than relying on market sentiment. Therefore, I decided to open a small long position near 0.25, setting a stop-loss at 0.20, with the target set for the day when the product scale breaks ten million daily active users. After all, for a public chain that only does "money", the hardest part is not the price increase, but making ordinary people forget its existence while still being unable to live without it—just like today's TCP/IP; you use it, but never really realize it.
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My Secret to Targeting 800 Million USD in Interest During the Bear Market, a Complete Breakdown of Morpho, This Money Printing Machine【On-chain Scholar Fish - Market Research Daily】If you are still worried about the stagnant yield of 3% annualized on USDT, you may have missed another stream that is quietly skyrocketing: According to the official dashboard, Morpho's deposit scale has surged to 7.56 billion USD, with 24-hour fee income approaching 940,000 USD, which means that with 'interest' given throughout the day, a bonus of 8-digit RMB can be shared. What attracts me even more is that this system is not a traditional pool, but transforms the 'pool loans' of Aave and Compound into peer-to-peer direct connections: lenders can take up to 0.5-2% more interest margin, while borrowers pay less at the same level of interest rate. When friends are amazed that I can actually touch 7%+ APY on USDC, I know I have stumbled upon a good story - let’s break down Morpho and see why it dares to sprint despite the bear market.

My Secret to Targeting 800 Million USD in Interest During the Bear Market, a Complete Breakdown of Morpho, This Money Printing Machine

【On-chain Scholar Fish - Market Research Daily】If you are still worried about the stagnant yield of 3% annualized on USDT, you may have missed another stream that is quietly skyrocketing: According to the official dashboard, Morpho's deposit scale has surged to 7.56 billion USD, with 24-hour fee income approaching 940,000 USD, which means that with 'interest' given throughout the day, a bonus of 8-digit RMB can be shared. What attracts me even more is that this system is not a traditional pool, but transforms the 'pool loans' of Aave and Compound into peer-to-peer direct connections: lenders can take up to 0.5-2% more interest margin, while borrowers pay less at the same level of interest rate. When friends are amazed that I can actually touch 7%+ APY on USDC, I know I have stumbled upon a good story - let’s break down Morpho and see why it dares to sprint despite the bear market.
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