A few days ago,#Layer3@layer3xyz announced the start of airdrops. Today, 1,592 more users were added and the quota for all users who meet the airdrop conditions was increased. It is said that because many old users reported that the airdrop threshold was too high, the official listened to the opinions of the community and made some adjustments. It seems that the project still attaches great importance to the voice of the community and has not learned to do some strange operations.

It is said that the existence of Douyin Express is that Douyin wants to truly consume the various advertisements placed by advertisers. Help advertisers acquire customers or promote. In this regard, Layer3 feels a bit similar to the Express version.
#Layer3is a full-chain identity and token distribution protocol. The total supply of the token $L3 is 3.3 billion, of which 51% is allocated to the community airdrop.

The token model is to promote deflation, resist inflation, and maintain the positive development of tokens through the innovative mechanism of double burning + three-layer staking.

Layer3 has completed a total of US$21.2 million in financing. The valuation of the project has not been found yet. According to the proportion of investors in the token allocation table (23.2%), the valuation of Layer3 should be more than 100 million US dollars.

According to public data, the platform has currently processed 100 million interactions, has more than 4.3 million users, and nearly 210 million CUBEs (task vouchers) have been minted. It has established partnerships with high-quality projects such as Robinhood and Linea.
Overall, the project data is high-quality and the valuation is reasonable. Interested bosses can continue to pay attention

In the future, whether a coin is valuable may depend on the revenue capacity of the project itself and whether these revenues can actually increase the interest in purchasing and holding the token. The current market trend is to gradually separate the value of the project from the value of the token. The project itself has a high valuation and a great role, but the issuance of tokens has no impact on the business. In the future, no one may really care about it. The recent changes in projects such as Aave have also verified this point.

Solana Ecosystem LST Protocol Sanctum tweeted that it no longer has control over the unstake it domain name. The domain name has been taken over by an unknown entity and is likely to have become a scam or phishing website. Sanctum strongly recommends that users do not visit or use the website, and calls on users who have authorized the website to immediately revoke all access rights.

Today is the eighth day since the Ethereum ETF was approved. If we analyze the data, we will find that the overall transaction volume is large, but the Grayscale outflow is also large. The Grayscale outflow covers the inflow of several other institutions. The overall performance is a net outflow. The main reasons are the huge difference in handling fees and the sale of profit-taking.
Comparing the performance of Bitcoin ETF online, I think ETH's big one will come, give it a few days to adjust.
Pay attention to the Ethereum ecosystem, the inflow of traditional funds has just begun!

According to DeFiLlama data, Solana's liquidity staking protocol Jito captured daily fees (the total amount of tips paid by validators) of $3.27 million on July 29, setting a new record high and surpassing protocols such as Lido, Solana, and Ethereum to become the protocol with the highest daily fee capture. It is worth noting that three of the five protocols or applications that captured fees exceeding Ethereum on the same day are related to the Solana ecosystem, namely Jito ($3.27 million), Raydium ($3.16 million), and Solana ($2.13 million).

The TVL issue has now entered a very twisted state. From Blast to Merlin, everyone has seen how much water there is in the so-called TVL, and the various ways of creating TVL that are now almost on the table, such as signing a gentleman's agreement with large investors not to transfer Bitcoin, or requiring investment institutions to bring in TVL that is N times the investment amount, etc. How much value can the seemingly high TVL bring to the ecosystem, or how much of such a high TVL can truly become the flowing water in the ecosystem, and how much is just dead water lying there and not moving to make up the numbers.

In short, when it comes to TVL, the project owners know it’s fake, the investors know it’s fake, and the retail investors know it’s fake even more, but they still have to do it, because if you don’t do it, others will, and they will send out battle reports. TVL has broken the 1 billion and 2 billion mark again. Everyone will think that even if it’s fake, if others can get so much money and you can’t, it means that they have more ability and background than you. In the end, everyone has to roll up their sleeves. The main problem is that the comprehensive measurement indicators for the project are too single. Everyone is also accustomed to opening Defilama to look at the TVL ranking, just like many Web2 apps will go to major app stores to brush the rankings. Similarly, for example, Sui did not choose TVL at the beginning but TPS. After all, it was known for its high performance. At that time, it created a 2048 game on the chain to push the TPS to a very high level, but found that people did not buy it and did not recognize this indicator. To be honest, each movement of a small block generates a transaction, and such TPS has no value. It also made its TVL ranking very low. Finally, it had to go back to Defi to rush TVL, and at one point it became "the only two non-EVMs in the top 10 with Sol" as a marketing rhetoric. The same is true for Scroll, which has always looked down on TVL, but now has to collect TVL and publish battle reports.

Arranging a bunch of coins with a small position is essentially investing in a large sector and the market.

In a sideways cycle, if any of the coins takes off, it may only level the losses of other coins. Equal distribution is a low-risk strategy, but it is also difficult to have a high return.

I still like to focus on a small sector, or even just a small coin. If you are optimistic about multiple tokens at the same time, you should also focus on choosing the one with the highest expected return rate and the most likely success.

It is better to understand only one of them, ignore those relatively optimistic coins, and hold a large position in a coin that you are absolutely optimistic about than to dabble in a wide range of currencies. It is enough to hold a large position to take one or two opportunities that you highly believe in in your personal cognition.

The mood of the bull market will make many people anxious because they don’t make enough money, but in fact, the more important thing in the bull market is not to squander all the money because of your blind operations. It is not necessary to make money in every sector and every track, but you can choose the track that you believe in the most in a certain cognition and pay for your own cognition.

Currently#btcis over $69,500, just a little short of $70,000 $Sol is about to hit a new all-time high $eth $op $arb Ethereum is still at the bottom $sushi is $0.72, it's really weak It seems that institutions are buying the currency circle now When will the altcoin take off $bibi #Bitcoin

Three signs indicate that Bitcoin will hit a new record high in the near future (around August):
1. After Trump's speech, the good news has been fulfilled, and the market will not fall if it should, and it will usually rise;
2. The Russell 2000, a representative of small-cap stocks in the U.S. stock market, broke through the long-term oscillation range for three weeks, indicating that the risk appetite of funds has increased. Bitcoin usually breaks through the range a few weeks later than the Russell 2000
3. The market value share curve of USDT in the currency circle is about to fall below the range, corresponding to the Bitcoin to break through the range

The current top four rankings of Meme market capitalization are quite interesting, and are distributed in decreasing multiples: Doge 19.5b = 2x Shib = 4x Pepe = 8x Wif. Regarding $Pepe, I think it can surpass Shib and stand second in Meme in this bull market, and it can keep pace with Doge in the next bull market. In ten years, it can surpass Doge and become the king of Meme.

Do you think the global BTC conference lineup will rise or fall after the conference, or will it rise again after a double kill of long and short positions? As a long-termist, I still advise retail investors to hoard coins instead of contracts, because it is easy to get carried away. Wait until you understand the logic of the contract before entering the market.

The bullet speeding past Trump's ear has left a heavy mark in the history of cryptocurrency, and the butterfly effect that followed is unbelievable. Look forward to it, friends.

Here is a little-known fact: if you bought ETH at $1,500 at the end of 2017, after two rounds of bull markets, in nearly seven years, its price has only doubled a little bit. To be honest, ETH is very much like Japan, and L2 is like Japan's overseas assets, but the domestic GDP is a lot worse.

Every step of trading is a choice. You need to figure out what you want in order to trade more efficiently.

Small funds are mostly pursuing higher and faster yield curves, so they naturally need trading methods with more risk exposure, such as local dogs and contracts; large funds mainly require stability and value preservation, so they should use as many low-risk products and models as possible, such as arbitrage hedging, stable currency exchange rates, volatility, options, etc. Although the yield is low, it can't withstand large volumes.

Another example is to objectively judge how much time you have every day to watch the market and conduct trading operations to choose the appropriate trading level.

<1H is more suitable for long-term trading above the daily level
≈ 3H is more suitable for swing trading around 4H
>5H, you can try to do intraday high frequency and scalping within 1H

The secondary market has been bad lately, and many people are obsessed with dog trading, which is a very costly mistake. If you know nothing about Memecoin trading, this is the best place to get started.

Let’s be clear, Memecoin trading is risky and challenging, and you are right to think so. The higher the risk, the greater the profit, this is the way it is in crypto. But in order to reduce the risk to almost zero, we have to look at a few basic rules.

First, you have to be smart and diversify your investments, and keep Memecoin at 10%. Do your research before investing, and don’t make impulsive decisions. Also, be sure to verify the token contract to lock in liquidity to avoid being scammed.

Don’t forget safety first! You can get detailed information about the token by pasting the Sol or EVM contract. For Solana tokens, go to http://rugcheck.xyz; for EVM tokens, go to http://coinscan.com.

Next, we have to choose a sniper robot. For example, @BananaGunBot , a versatile trading bot for ETH, BASE, SOL, BLAST chains;
And @bonkbot_io , a Solana Telegram bot;
Or @TeamUnibot , a Solana Telegram bot.

Then, you have to look at the social status and ratings of the token. I use @getmoni_io to check the project score to see if there are influential people following the project or to understand its social media image. You can also try @TweetScout_io .

With these, we can play more effectively. Finally, I have to remind you that playing with local dogs is quite risky, but high risks also mean high profits!

I haven't analyzed the market for a long time. This round of bull market seems to have no main rising wave moment. Maybe it hasn't come yet, or maybe it won't come. In fact, it's really painful to get here. Everyone feels the same. Compared with last year, the assets have not only not risen but also shrunk a lot. In fact, the biggest difference in this round of bull market is actually not noticed by everyone. You must not easily hoard coins. In the past, hoarding coins could make you rich, because there were fewer choices and fewer currencies at that time. There is no good suggestion for the future market. If your copycat currency is trapped, there is a high probability that there is only a 20% chance to get out of the trap + break through the historical high. Do you want to gamble on this 20%? I believe everyone has the answer in their hearts. No more nonsense, I don't like to express a sentence in too complicated language. I choose to use 50% of the position to bet on the 20% probability in the future, and the remaining 50% is pocketed. Finally, I will give you a golden sentence to avoid pits:

Only do bands, set the golden ratio according to the rise and fall of the currency, sell when it rises too much, and buy when it falls too much. Believers will be the biggest losers in this round, and band traders will be invincible. Everything we know and understand may be wrong.