"Weekly Editor's Picks" is a "functional" column of Odaily Planet Daily. In addition to covering a large amount of real-time information every week, Planet Daily also publishes a lot of high-quality in-depth analysis content, but they may be hidden in the information flow and hot news, and pass you by.
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days, and bring new inspiration to you in the crypto world from the perspectives of data analysis, industry judgment, and opinion output.
Now, come and read with us:
Investment and Entrepreneurship
Reshape investment logic: Say goodbye to simple bull-bear thinking and focus on macro liquidity
Rethinking the market context with a more nuanced quadrant model based on liquidity and token scarcity:
By plotting liquidity and scarcity, we can identify four key market states:
High scarcity High liquidity (e.g., 2021)
High scarcity Low liquidity (e.g., 2019)
Low scarcity High liquidity (2025? Rancune predicts liquidity will increase over the next 6-18 months)
Low scarcity Low liquidity (currently)
Whether the future of crypto is a return to fundamentals or continued hype will depend on how we invest and build in this space. The market is shifting toward fundamentals for long-term investing, while short-term trading is driven by narrative rotation and attention.
Strategy Testing 02 | OKX and AICoin Research Institute: Grid Strategy
Grid trading is a systematic trading strategy whose core principle is to divide multiple grids within a preset price range and implement counter-trend operations - buy when prices fall and sell when prices rise. This strategy reduces emotional interference by maintaining a balance between long and short positions, automating the execution of transactions, and accumulating profits through frequent small transactions. It emphasizes flexible adjustment of parameters to adapt to market changes, pays attention to risk control and fund management, and is particularly suitable for long-term operations in volatile markets. Although it performs well in sideways markets, it may miss big moves in trending markets. Successful implementation of grid trading requires flexible application of these principles based on specific assets and market environments, while carefully controlling risks and avoiding excessive leverage.
The article also compares the advantages, disadvantages and scope of application of the two strategies, spot and neutral contract grid, by model.
Stablecoin APY Yield Strategy: Let Your Crypto Assets Pay Your Rent
The article sorts out some APY projects that have been discussed in the community recently, mainly stablecoins and derivative tokens. Among them, the TVL of DeFi projects is more than 50 million, and explains the corresponding sources of income. The main source of DeFi is the subsidy of the protocol's own tokens, and CEX's financial management projects come from the cooperation between CEX and projects.
See more of PayPal USD, USDC-Sui, Bybit-USDE, Aave GHO, Binance-TON.
Explore new revenue and review 5 revenue strategies this week
Solayer、Mantra、Factor、Camelot、Beefy。
Unveiling the wealth code of Binance research reports: What are the un-issued projects that are highlighted?
Also recommended: "In-depth consumer-grade encryption applications: audience positioning and market fit" and "Selling Bitcoin to "test the waters" and make 5 figures without doing anything, the money-making philosophy of small businesses."
Airdrop Opportunities and Interaction Guide
BTC Ecosystem Fractal Testnet is online. How to interact with it without any effort?
Inventory of 11 BTC ecological projects worth interacting with recently (with detailed tutorials)
Binance Labs invests in five major projects in August
Meme
Overview of various Memecoin distribution platforms: Where can I make money?
Solana——Pump.fun: From attention economy to asset issuance innovation; MakeNow.Meme: Optimization of market making model; Moonshot: Relying on the natural traffic of DEX Screener.
Base——Ape.Store: an extremely similar replica; Rug.fun: a horse racing game; Trugly.meme: from MemeX to Meme 404; Bibobibo: barrage-style social networking.
BNB Chain——Four.meme: The origin of Four; Flap: Advanced PVP.
Tron——Sun.pump: emerged strongly and became popular in one week.
Aptos——Uptos: Platform coin = Mememcoin.
Avalanche — BellumExchange: Memecoin Distribution Platform Defi Version.
Fractal Bitcoin——Satspump.fun。
As platforms become increasingly diverse, liquidity is once again being divided.
Essential for on-chain gaming: A guide to nanny-level chain sweeping tools
The line-viewing tools include Ave.ai and dextools. The monitoring tools include GMGN.AI, BullX, and iCrypto.
The author often uses GMGN.AI Bot and Pepe boost, which cover various functions such as on-chain dynamic monitoring, transactions, and sniping.
Also recommended: "A collection of tools for playing with SunPump: infrastructure is still in its early stages, and it is likely to catch up with pump.fun."
Revealing the real data of pump.fun: 1.4% graduation rate, only 3% of users earn more than $1,000
Since early August, pump.fun has introduced new rules, launched a free token creation function, and provided financial incentives for token creators who successfully completed the bonding curve. Under the new rules, the cost of token creation has shifted from the creator to the first buyer of the token, and the creator who successfully completes the bonding curve will receive a reward of 0.5 SOL (about $80), that is, the migration fee is adjusted to 1.5 SOL.
A total of 1.8 million tokens have been deployed through pump.fun, but the "graduation rate" (i.e., a market value of more than $69,000 that can be successfully launched on Raydium) is only 1.4%. The developer who deployed the most tokens on pump.fun created up to 3,357 tokens, but only 16 tokens successfully "graduated". A total of 10 developer addresses created more than 1,000 tokens, and the address with the fifth largest number of tokens created a total of 1,915 tokens, but none of them "graduated".
The probability of a market value of tens of millions of dollars is only one in a hundred thousand.
The percentage of new tokens created through pump.fun is steadily increasing.
pump.fun has 2.43 million users, with daily active users ranging between 50,000 and 70,000.
Only 3% of users on pump.fun make more than $1,000.
Bitcoin Ecosystem
Check for gaps and fill in the gaps, 3 minutes to quickly review the recent major changes in the BTC ecosystem
Fractal Bitcoin mainnet was launched on September 1; Babylon Bitcoin mainnet staking was launched on August 23; RGB ecological projects began to become active; the first batch of stablecoins of Lightning Network were launched; Atomicals virtual machine Beta version was released; runes are still the main transaction type of the Bitcoin network.
Ethereum
As pessimism spreads, where is the turning point for Ethereum?
Ignas reviews the two housing forecasts for Ethereum prices, as well as noteworthy changes in fundamentals (Pectra upgrade).
Multi-ecology and cross-chain
ArkStream Capital: The future of application chain is promising, and the opportunity for application has arrived
The development of application chains is the result of the combined effect of many factors, including the maturity of infrastructure, intensified competition for block space, and the increasing demand for customized token economic models.
Although dApps and application chains have similarities in business forms, they each have their own advantages and limitations. If you emphasize synergy with the ecosystem, dApps may be more suitable, while if you pursue autonomy and independence, application chains are a better choice.
The development of Cosmos and Polkadot is limited, both due to technical challenges and more due to the high threshold of economic mechanism design and application chain.
The core of application chain development lies in building its own application barriers, making full use of low-cost transactions to promote high-frequency on-chain transactions, and then obtaining traffic and accumulating users. Although technical support and enhancement are important, they are only auxiliary factors, not core elements.
Future application chains will be able to solve existing liquidity fragmentation and interoperability problems through technologies such as aggregation layers, super chains or chain abstraction.
Although the market value or fully diluted valuation of the application chain has received a certain bonus, the real key lies in the product quality and user experience of the application itself.
List of application chain projects
In-depth analysis of the real TPS indicators of SOL and ADA
Solana’s maximum theoretical TPS is 10,000; ADA’s maximum theoretical TPS is 18.
Solana’s current real TPS is 739; ADA’s current real TPS is 0.4.
The author further breaks down how TPS is actually calculated and the factors that affect its display, and advises ADA to pay attention to L1 expansion.
TVL increased 7 times, data review of TON DeFi development in the second quarter
The launch of USDT-TON has increased TON’s TVL by 7 times in Q2 2024, with its average daily active addresses (DAA) surpassing Ethereum.
DEX protocols have once again gained TVL dominance, which was previously dominated by liquidity staking protocols. This shift stems from the surge in TVL in liquidity pools on STON.fi and DeDust, especially the USDT-TON trading pair pool.
Small protocols showed strong TVL growth in Q2 2024.
This quarter, TON introduced two projects with alternative trading execution models and new derivatives DEXs - the liquidity DEX ION and the jetTON DEX aggregator DEX Diamonds.
TON implements EVM functions through TON Application Chain (TAC).
TonFura aims to improve the overall performance and scalability of applications on the web, providing powerful tools for developers.
Also recommended: "After TON landed on Binance, how to find potential projects in the TON ecosystem?"
CeFi DeFi
The Myth of $1: Can Stablecoins Escape the Curse of Bank Runs?
When a bank or stablecoin issuer holds your money, it has the right to invest it and keep the profits. This gives the issuer an incentive to take risks: if the venture is successful, they can make a lot of money; if the investment fails, it is other people's money that is lost. In this case, a "run" may occur.
The banking industry responds to investment risks through prudential and capital supervision, and relies on liquidity supervision, the "lender of last resort" system and deposit insurance to prevent bank runs.
In the field of stablecoins, issuers should invest funds in relatively safe and highly liquid projects, and they should hold a certain amount of their own capital. In this way, even if the investment project suffers losses, the issuer still has enough funds to repay depositors.
In-depth discussion of DEX mechanism: LP losses are greater than you think
The steady upward trend in DEX usage compared to CEX can be interpreted as the result of DEX continuing to improve and make significant progress in usability. But a problem has recently arisen in AMM DEX, that is, "LPs lost more money than expected", and the entities that caused LP losses were external participants such as arbitrageurs. As the value generated within the protocol is continuously extracted by external entities, the value flowing to the participants operating the protocol decreases. Therefore, risks in liquidity provision, such as LVR (loss on rebalancing), have become an important topic, and those DEXs that can eliminate such risks and quickly adopt newly developed technologies are once again in the spotlight. Attempts to mitigate LP profit risks include: AMM COW Protocol that captures MEV, and Bunni V2 that out-of-scope Hooks.
Liquidity provision (LPing) and profit distribution mechanisms are very important as unique values of DEX. LPing is not only a basic condition for providing a smooth trading environment, but also a passive income generation path provided by LPing, which can also serve as a channel for CEX liquidity to flow into the chain, providing more motivation for market participants to contact DEX. At the same time, the profit distribution mechanism may become the starting point of a self-sustaining economic system or token economy, in which participants contribute and are rewarded according to token incentives in decentralized protocols, which may be the most ideal way to maximize the utility of blockchain and cryptocurrency.
As the core pillar of decentralized finance, is Aave undervalued?
Aave protocol metrics continue to grow and have surpassed the highs of the previous cycle, and its excellent earnings quality highlights product-market fit. Despite the strong recovery in fundamentals, Aave's P/E ratio is at its lowest level in three years.
Aave's moat mainly consists of the following four aspects: a good record of protocol security management, two-way network effects, excellent DAO management, and multi-chain ecosystem positioning.
The redesigned token economics will drive value accumulation and eliminate slashing risk. Aave is about to launch V4 and its token economics upgrade, which will further consolidate its market position and bring more attractive risk-adjusted returns to investors. Aave's revenue can grow in a variety of ways: Aave V4; growth is positively correlated with the growth of BTC and ETH as asset classes; growth is linked to stablecoin supply.
GameFi
Will ServerFi be GameFi’s “lifeline”?
ServerFi aims to establish an "imaginary community of interests" with three core propositions: number of game players, server value, and contribution-return ratio, in order to achieve a "Ponzi-free" effect, but it is also difficult to implement.
Web3、AI
The Meme coin of the same name soared 7 times. What exactly is the "d/acc" proposed by Vitalik?
d/acc is more cautious about the potential threats of AI, believing that the concentration of power may lead to the abuse of AI, so it emphasizes decentralization and diversified participation, so that more people can monitor and influence the development of AI. d/acc believes that through decentralized technology and an open and transparent decision-making process, the risk of AI being controlled by a few people and used to harm humanity can be reduced.
e/acc is more optimistic about the potential threats of AI, believing that the development of AI is an inevitable trend. As long as the development is accelerated, super intelligence can be achieved as soon as possible to solve various challenges facing mankind. e/acc pays less attention to the risks that AI may bring, and is more inclined to believe that technological progress will ultimately benefit mankind.
Also recommended: "The birth of dacc.eth, is decentralized accelerationism the future?"
What can former Google CEO Schmidt’s leaked speech teach us about the crypto industry?
Schmidt seems to have summed up a process law of technological innovation triggering technological and economic changes. First, there is pure efficiency innovation, replacing key components without modifying the structure. Then structural innovation begins, from centralization to decentralization, from centralization to decentralization. Then this structural innovation triggers organizational innovation, bringing huge productivity improvements.
According to Schmidt’s thinking, blockchain and Web3 should represent the right direction. Even if they represent the right direction, it will take time to achieve success. If Schmidt is right, then the application of blockchain and Web3 should explode earlier than AI.
The innovation of blockchain should still start from solving users’ problems. The final outcome is still the token economy.
Safety
TonBit Report: 2024 TON Ecosystem Panoramic Observation and Security Research Report
For developers, the key security practices of the TON ecosystem include: access control, verifying message input, checking gas usage, timestamp dependency, integer overflow, rounding error, denial of service, and business logic.
For users, beware of common scams: friends in need of help, phishing sites, investment scams, fake surveys, fake job opportunities, classified ad scams, pump and dumps, romance scams
To avoid online scams and keep your Telegram account safe, follow these basic steps:
1. Enable two-step verification for Telegram: Go to Settings > Privacy and security > Two-step verification to add extra security to your account.
2. Verify the contact: Be wary of unsolicited messages, especially those requesting personal information or funds. Confirm the sender’s identity through other means.
3. Check your Telegram account activity regularly: Go to Settings > Devices > Active sessions to check if there are any unknown devices or sessions in your account.
4. Report suspicious activity: If you encounter fraudulent activity, please report it to Telegram.
5. Avoid get-rich-quick schemes: Be wary of these schemes, even if they are recommended by friends or family members, they may also be victims.
6. Do not transfer cryptocurrencies to unknown wallets: Before transferring cryptocurrencies, always verify the identity of the recipient to avoid being scammed.
Hot Topics of the Week
In the past week, FTX's restructuring plan has received preliminary support from creditors; Mt.Gox: It has repaid creditors according to the compensation plan on August 21; X's public shareholder list: Binance, a16z and other encryption and AI-related companies participated in the investment;
In addition, in terms of policies and macro markets, the Federal Reserve may cut interest rates by 92 basis points this year; Trump: If elected, he will consider letting Elon Musk serve as a cabinet or advisor; the U.S. SEC rejected the request to dismiss the lawsuit filed by Hex founder Richard Heart; Russia plans to build two cryptocurrency exchanges to support foreign economic activities;
In terms of opinions and opinions, Economic Daily: Be cautious about virtual currency investment; Bitwise CIO: Institutions are still increasing their holdings of Bitcoin ETFs in Q2 and most of them are diamond hands, and hedge funds are important participants; Into The Cryptoverse founder: Bitcoin's market share will not return to 70%, and other cryptocurrencies such as Ethereum still have room for development; Greeks.live: The market trend is still weak, but the risk of a sharp drop has been lifted, and market confidence has recovered; Analyst: The US dollar may have been overly weak; 1confirmation founder: In the early stages of entrepreneurship, there is a negative correlation between financing scale and project success; Binance CEO: The company's financial situation is good and IPO is not considered for the time being. He Yi is a "key member" of the management; Binance will recruit 1,000 people this year, and compliance expenses will exceed US$200 million;
In terms of institutions, large companies and leading projects, Franklin Templeton submitted an S-1 application for a new crypto index ETF; Delphi Digital launched an institutional accelerator to expand the exposure of crypto protocols on the institutional side; Sony plans to launch Ethereum Layer 2 network Soneium; Grayscale AVAX Trust pushed AVAX up 10%; Offchain Labs released the Arbitrum technology roadmap, focusing on Stylus, decentralized sorting, ZK proofs, etc.; ME Foundation officially launched the $ME token, and was adopted as an ecosystem token by Magic Eden; Babylon opened the first mainnet Bitcoin staking, reaching the staking limit of 1,000 BTC in 3 hours; Grass: Before the airdrop, users need to ensure that the wallet has been associated with the account; Basenames is officially launched;
According to data, 40 funds around the world hold more than 1.07 million BTC; BlackRock's on-chain asset value exceeds Grayscale, becoming the world's largest digital asset management company; Analysis: After the Cancun upgrade, ETH burning volume decreased by 84% compared with before the upgrade, and Ethereum revenue decreased by 69%; The largest holder of WIF made a profit of more than 68 million US dollars and is buying more and going long on WIF;
In terms of security, Jupiter: A malicious Chrome plug-in "Bull Checker" was discovered and users need to delete it immediately... Well, it's another week of ups and downs.
Attached is a portal to the “Weekly Editor’s Picks” series.
Reunion in the second half~
