Week in Review

1. The friend.tech protocol revenue has exceeded 10,000 ETH.

🎉Comment: Friend has been gaining popularity this week. Such a project is more like an arena, where players compete with each other. Because it is difficult to ask a KOL to invest energy in such a platform, especially when it does not make money, everyone will eventually return to the information source X. On the other hand, after the early KOL's key was bought, various players promoted it outside, saying that they would hold it all the time, and when it rose, the result was definitely to sell it. Under such a speculative mentality, it is difficult to say that there is a focus on high-quality content. However, it is worth noting that this week, a Stars Arena imitation was launched on the AVAX chain, causing some active funds to flow from fried.tech to here. Although it is an imitation, it is officially supported by AVAX. The price also rose quickly, and even drove AVAX in turn. However, it can be seen from here that everyone is not opposed to this kind of imitation, and perhaps other chains will launch their own friend.tech in the future.

2. The fiat currency aggregator Transak is integrated with the TON ecosystem non-custodial wallet Tonkeeper.

🎉Comment: TON announced on October 4 that it had raised an eight-digit investment from MEXC Ventures. The specific amount was not disclosed, but MEXC Ventures confirmed a strategic partnership. This is a subsidiary of MEXC. The cooperation with TON represents the cooperation between MEXC and Telegram to a certain extent. If it was the ecosystem of Telegram's own chain and chat software before, then now it is the exchange and this chat software giant. MEXC provides marketing for TON in the exchange, and Telegram provides marketing for TON and MEXC in the platform. In the end, the ecosystem generates a closed loop. You can continue to pay attention to the details of this cooperation.

3. AirDAO responded to the specific cooperation model with DWF in TG: 1.5 billion tokens were provided to DWF on the first day for market making on CEX and DEX, and they will be repaid to AirDAO after 36 months.

🎉Comment: Half of the current circulation was transferred to DWF, and the result was as expected, the market was directly dumped. It is worth noting that the cost of DWF taking over was only 0.05, which is still much higher than this cost. This model is somewhat similar to the operation of WLD, which lends out the currency, but WLD only borrowed it for three months. 36 months is obviously too long, and there is a lot of room for operation. The market maker DWF should be the most popular recently, and the pull and smash are very violent. However, with the increase in fame, there have been many cases of releasing news and directly dumping the market, such as LEVER and AMB. Perhaps the operation of DWF market makers in the future should be dialectical thinking, instead of blindly following like before.

4. Kraken plans to acquire Dutch exchange BCM to expand its business in Europe.

🎉Comment: Kraken Exchange said some time ago that it would develop the stock market, and now plans to acquire the Dutch Exchange to expand its business. There are two reasons. One is that the trading volume in the bear market has decreased, and the exchange's income has decreased. However, bull and bear markets have their own rules. I believe that the exchange also has a lot of cash, otherwise it would not acquire and expand its business. Another reason is that the uncertainty of US law on encryption has forced the exchange to find its own way out. Like CB, it is also looking for business outside the United States. However, both have compliance advantages and natural backgrounds in the United States. If the policy is determined later, developing local business in the United States is of course the best result.

5. Binance will remove 19 BUSD-related spot trading pairs.

🎉Comment: Binance has massively delisted BUSD trading pairs, and BUSD has become history. It is worth noting that many pure BUSD trading pairs have been replaced with USDT trading pairs. Coins that have not been replaced and are on the watch list may have some delisting risks.