What to Watch Today: Over the past 24 hours, the BNB Chain’s Top 10 trades totaled $300 million, reclaiming the top spot in trading activity. $BNCB led with $73.114 million, followed closely by $KII, $CNPY, and others.
Robinhood Chain’s Top 10 trading volume reached $240 million; $PONS led with $60.701 million. $NVDA, $SPY, and others have continued to appear on the list, making tokenized stocks the main storyline.
Solana Chain’s Top 10 trades totaled $220 million; $STONK, $PAID, and others remain active.
Base Chain’s Top 10 trading volume was $62.324 million; $VVV topped the list with $21.105 million. $DRV, $CP, and others continue to stay active.
Why is Uniswap able to stand out in the DEX world?
As everyone knows, the DEX space is extremely crowded—not just Uniswap (Sushi, Pancake, Curve, etc.). But why has it been able to stay on top for the long term and capture the vast majority of market share? Let me start with one key point: in the DEX industry, the strongest moat isn’t the code—it’s the liquidity network effects. Others can copy the source code, but they can’t copy the liquidity ecosystem. 1. First-mover advantage: it set the standard for modern AMMs In 2018, Uniswap V1 launched, the first to turn the constant-product AMM formula x*y=k into a working product. In the 2020 DeFi summer, V2 exploded in popularity. After that, almost every DEX was essentially copying the Uniswap V2 code and making a few tweaks. SushiSwap forked the Uniswap contract back then, trying to lure away liquidity. It was exciting for a while, but ultimately it failed to replace Uniswap.
A few tokens that benefit from the U.S. stock tokenization trend:
1. $UNI DEX, a king-level application—king of spot markets. It’s hard to bypass. As U.S. stock tokenization becomes more common, Uniswap will collect fee revenue from both crypto and stock double-track trading. This is like Qin Shi Huang getting electrocuted—he’s really winning big!
2. $HYPE —decentralized Perp’s top-tier application. The trading volume is staggering. Plus, Trump previously showed goodwill toward HYPELIQUID, so its future regulatory compliance doesn’t need to be a concern. It’s basically like you’ve fallen asleep and someone hands you a pillow!
3. $AAVE —one crucial application for U.S. stock tokenization is finance, and AAVE is perfectly suited for it. It’s already laying out related financial lending businesses tied to U.S. stocks. An industry leader—definitely not something to ignore!
There may be other bullish narratives like oracles and so on, but personally, I think the risk-reward ratio doesn’t compare to the three above.
A few tokens that benefit from the U.S. stock tokenization trend:
1. $UNI DEX, a king-level application—king of spot markets. It’s hard to bypass. As U.S. stock tokenization becomes more common, Uniswap will collect fee revenue from both crypto and stock double-track trading. This is like Qin Shi Huang getting electrocuted—he’s really winning big!
2. $HYPE —decentralized Perp’s top-tier application. The trading volume is staggering. Plus, Trump previously showed goodwill toward HYPELIQUID, so its future regulatory compliance doesn’t need to be a concern. It’s basically like you’ve fallen asleep and someone hands you a pillow!
3. $AAVE —one crucial application for U.S. stock tokenization is finance, and AAVE is perfectly suited for it. It’s already laying out related financial lending businesses tied to U.S. stocks. An industry leader—definitely not something to ignore!
There may be other bullish narratives like oracles and so on, but personally, I think the risk-reward ratio doesn’t compare to the three above.
“First set 10 big goals” Giant Whale @Jason60704294 has cut losses and exited. All the additional short positions have been fully closed. After this comeback, the total of the last three trades adds up to a loss, but it is profit given back (previously disclosed total profit of about $70 million). Long positions made a profit of $20 million; the first short lost $6.283 million; the second short lost $10.158 million in the first half, and the loss amount in the second half is unknown—estimated at about $9 million.
The market is too brutal— even the big shots have to admit defeat!
If you feel tired and want to give up, just look at the Six Great Sects. In that far-back, backward era, separated by thousands of kilometers, they still came together just to fight a battle at the Bright Light Pavilion! What excuse do you have to give up?
Ma Ji was liquidated nearly 500 times, yet within these few short days he turned the $152,000 principal into $12.72 million, netting more than $12.5 million. Is this what a bull market tastes like?$BTC
Lost 12 million! Miner big brother Jason has closed most of his short positions. It means if it holds above 80,500, he will completely admit defeat. Otherwise he will add to his short positions! $BTC