📋 Last week’s Web3 highlights recap (Monday morning edition):
1️⃣ AI Agent sector: VIRTUAL/FET continued to oscillate at low levels, with no new narrative catalyst seen 2️⃣ Meme: PENGU led the gains with a 47% rise, and SHIB’s on-chain buying divergence is worth watching 3️⃣ Airdrop: Polymarket airdrop confirmed, and Base’s token issuance signal is getting stronger 4️⃣ On-chain: Solana daily active addresses are still at high levels, but gas fees have dropped = the hype is fading
This week’s focus: Base ecosystem developments + potential big airdrops in September
Clawchat is the Twitter of the Bitcoin ecosystem. I feel its returns should be higher than Twitter's salaries, Binance's Square, and OKX's Planet. Investing in each account is only 10u, and I'm going all in, brothers.
I’ve been telling you all to do perps, and you still won’t.
In the end, whether it’s making money or just fake money, you can judge for yourselves.
@nadoHQ @DecibelTrade @entropyIO
A comparison of the three major perpetual DEXs: Decibel, Nado, and Entropy
These three are not three branches of the same track: Decibel is Aptos’ official on-chain exchange incubated by Aptos; Nado is Kraken/Ink bringing the Vertex engine to L2; Entropy is the HIP-3 deployment project on Hyperliquid for pre-IPO / stock perps.
1. Background
Decibel: incubated by Aptos Labs. Stablecoin launched first; the governance token DCBL has been delayed for a long time.
Nado: Ink Foundation absorbed the Vertex team. Vertex has accumulated about $135 billion in trading volume on Arbitrum. Off-chain matching in 5–15 ms, on-chain settlement. VRTX holders receive 1% of Ink genesis supply (separate from trading points).
Entropy: HIP-3 deployment project, team from Citadel, Optiver, Millennium, and Polymarket. Launches on 2026-08-24.
2. Fundraising
Decibel: no independent round
Nado: no independent round
Entropy: $14 million Seed (led by Ribbit)
3. Number of participants
Decibel: 700,000 accounts, 132,000 daily active users (testnet jjj endpoint)
Nado: about 72,000 cumulative, about 4,000 daily active users
Nado TVL: $51.3 million, cumulative volume $80.9 billion
Entropy: just getting started
5. Airdrop mechanism
Decibel: Amps is the main TGE factor; Season 0 pre-deposit + Season 1 mainnet. No date, no token conversion formula. ToS allows DCBL not to be issued.
Nado: points convert to $INK (1 billion tokens), not Nado’s own coin. Three separate pools: Kraken Pro / Nado / Tydro. Season 1 has already distributed **24,941,776** points; Season 2 gives 300,000–950,000 points per week. The online claim that there is a “45%/30% airdrop” has not been confirmed in Ink’s official docs.
Entropy: no official points documentation. The API already has `pointsMultiplier` and invite settings. The community says Early Season 1 may close around 8/29, but that is not from an official blog post.
6. Estimated value per point/unit (scenario analysis)
Decibel Amps
Neutral: FDV $400 million × 20% = airdrop pool **$80 million**; total Amps supply across the network assumed to be 40 million (not disclosed; assumption).
Implied: **about $2.0 per Amp**; range $0.3–$12.
Nado Points → $INK
Currently about **39 million points** (24.94 million from S1 + about 14 weeks × 950,000 from S2). Neutral: Nado pool is **6%** of INK (60 million tokens) × $1.00 FDV = pool **$60 million**.
Implied: about $1.5 per point; range $0.3–$5. This is $INK, not Nado coin. Every week TGE is delayed, up to another 950,000 points are added, and the unit value gets diluted.
Entropy (no publicly disclosed point unit)
Neutral pool estimate about **$37.5 million** (FDV $250 million × 15%).
7. How to choose
If you want relatively more certainty and can accept distribution in the **INK chain token**: Nado. Neutral around $1.5/point, with the fiercest competition.
If you want to bet on the exchange’s own token and can lock DLP: Decibel. Neutral around $2.0/Amp, total network supply unknown, and token issuance may keep being delayed.
If you want low-friction early entry and are betting on an independent new coin: Entropy. No single point unit; if the 8/29 window is true, it’s already very late.
Today New $PEP is Pepecoin (Pepe Coin), an independent Layer-1 blockchain (a real coin, not a token).
Fair launched on January 30, 2024 by members of the Dogecoin community, it is a Dogecoin fork. Uses Scrypt PoW, supports merged mining with LTC/DOGE, with no premine and no ICO—community-driven. Focuses on low-fee payments, tipping, and the Pepe frog meme culture, recreating the early Dogecoin vibe.
It is completely different from $PEPE (an ERC-20 token) on Ethereum. Addresses start with “P”.
Current market cap is about $11–12 million, with a price around $0.00011–$0.00013 (high volatility).
Official website: http://pepecoin.com, http://pepecoin.org
$BTC continues to recommend shorting. Suggested entry price: 80247. Take profit: 62593. Stop loss: 86667. This position is for the long term. Recommended holding period: 45 days.