I don't know how many people are simultaneously doing secondary trading while speculating on memes. The entire meme track is actually a microcosm of an industry community.

What you do in the meme track is very challenging for a startup team.

Because the things within memes inherently possess various concepts, memes are not just memes; this is my recent realization.

One moment the meme concept is hot with AI, the next it’s DeSci, and then the next is the Elon Musk concept.

A startup team, in fact, cannot keep up with this kind of concept iteration.

Recently, $BTC during the day always gives the feeling that it is about to pull back, then shortly after it drops a bit to shake off the weak hands and then it goes back up.

When you thought about opening a short position before sleeping, you wake up to find it has already blown up, and the price hasn't moved at all.

Scalp is tingling!!!

The feeling with the counterfeit is pretty much the same, and even because the market is smaller, the sensation is even stronger.

I'm fed up!!!

There are currently 82 non-TGE game projects in the market that have raised more than 10 million yuan

Today I chatted with two co-founders of games. It feels like they are still alive, but they have actually been gone for a while

I can't explain it to the upper level, and there are not many people in the community, especially this round of Meme fever has lasted almost the whole year. After knowing TGE, the market feedback must be unsatisfactory

There are not many DAUs, but there is a lot of financing. Has TGE become a "Schrödinger state"?

I want to change the direction temporarily but I am afraid of that track: Bang, it was killed in an instant

(Background supplement: One of the people in the communication once tried to turn around and do inscriptions + games, but the inscription market ended quietly in the planning stage)

Follow up on $MANTA hours k, looking back now, it has retraced to the previously mentioned 0.618 support level

Then there was a rebound, and currently, it has encountered the resistance line at this level

Therefore, the position at 0.85 is crucial, determining whether the trend will reverse or continue, so strategies around this resistance point can be considered, such as shorting at the current price with a stop loss above 0.85

Or going long in the initial segment after a breakout at 0.85

$MANTA The decline is beginning to emerge, the first support is here at 0.8, and the next support is 0.766

MANTA is a new coin launched this year. Although the price is also falling, it is still very strong in making things happen

It is one of the several protocols that came out of the Polkadot ecosystem that I mentioned a few days ago

And now the label of the Polkadot ecosystem has gradually faded

$GOAT fell out of the trend line, what? A bet on 1.05?

This position is the first support. Looking at the details of the small cycle, the certainty is still relatively high, but the profit and loss ratio is a little bit worse

But the target can only be seen at 1.05, which is the easiest support point

Another member of the staking ecosystem is added to the airdrop $ZRC to $EIGEN

The core concept of the Zircult protocol involves the Ethereum memory pool, so

Why do you need to know about the Ethereum memory pool (mempool)?

A few days ago, I saw a technical blogger popularizing this concept, which reminded me of the Zircuit document I saw before

At that time, I felt that the description of [Sorter Level Security (SLS)] was really abstract and confusing. After reading the original text, everything became clear when I looked back

The question that really puzzled me was: Does L2 have a Mempool, and what is the significance of improving it for all parties

As far as I know, Arbitrum does not have it. I am ashamed that although I hold $OP positions, I have never learned about Optimism in detail. After reading the original push, I went back to read the Optimism document and saw the mention of private memory pool

Zircuit is a Rollup built on OP Stack, and at the same time in OP The components based on the Stack framework are replaced with zero-knowledge proof logic

At the same time, the core of the business is the concept of memory pool. To put it simply, it is to attach another layer of security to this memory pool through pre-detection and isolation of suspicious transactions

📍More popular explanation: Everyone has queued for nucleic acid. During the queue, the staff will first measure the temperature of the team. If there is an abnormal temperature, they can be taken out for special testing directly

Zircuit is roughly this link

The ultimate goal of this matter is that every transaction on Zircuit will be a tested transaction result, and there is no need to question whether the transaction is valid again

It is also necessary to mention that the detection of whether the transaction is malicious is based on an AI model trained by the project team itself, and the training data is other EVM-compatible chains on the market

This design is also equivalent to a built-in intelligent automatic audit. With the support of these components, a more secure Rollup ecological foundation is built

Attached figure: Principle demonstration

Today is a good day to pray🙏🏻

Today can be said to be a huge shock in the Chinese crypto community. The DEXX platform for on-chain dogfighting has problems, and a large number of user funds have been transferred away. At present, I see that the amount on the chain is nearly 500 million. It is too large and this money cannot be moved in the short term. #DEXX被盗

Web3 rights protection is really difficult. I have been rugged several times in these years. None of the rights protections have any results. Finally, I am numb to it when I encounter it again

I hope everyone can have a good follow-up this time🙏🏻

📍Project Rating: NEOPIN丨D $NPT

Neopin was originally a relatively active Defi protocol on the Klaytn chain. It specifically entered the RWA track. If RWA wants to be successful, it still relies on offline resources. Neopin has made some progress in regional cooperation.

In addition, Klaytn has upgraded its brand this year and merged a new L1 infrastructure. I am quite looking forward to its new development. It may indeed be the largest blockchain ecosystem in Asia.

The trend of Neopin itself is a bit lame. The classic opening is the peak. There is nothing to say.

About rating🔻
S: Must pay attention to, but in principle it is difficult to have projects with this rating
A: Worth being included in the observation pool
B: Generally, it is the level of relatively active projects and has the opportunity to enter the observation pool
C: A relatively ordinary target
D: Not worth paying attention to

Note: The content of this series will not involve any business components

$ENA has a not-so-good signal, and the trend of the high point is further decreasing.

Specifically reflected in this relay pattern, as can be clearly seen in the figure, from the upper white line to the upper yellow line

And the lower edge of the relay is also probed, the direction and point of this relay are unclear, try to expand the cycle and draw a larger trend line, and do a good job of retracement control

$DOT Although this thing is a multi-chain network, there is no sign of expanding new tracks for the time being

It can only rely on the chain ecology, which is even more ridiculous. Several chains that have developed well this year have gradually improved by separating from or hiding their own [Polkadot ecology] attributes

Is it ironic?

Another thing is that I saw news before that the founder Gavin became a DJ?

It's even more ridiculous. If I were a DJ, would you love me?

What you learn from books is always shallow, the concept of chain abstraction is too broad❓

These few days, I happened to experience the bridge service again when adjusting the data related to the cross-chain bridge

It is better to use it yourself than to say that chain abstraction ≠ cross-chain bridge

Only after using it can you "know that you must practice it yourself"

Chain abstraction itself will not subvert the bridge, but just put the interaction of the bridge to the back end

Let users experience a smoother and multi-chain scenario on the front end

I think it is easier to understand this way

A more intuitive point is that the cross-chain bridge itself does not have the concept of unifying the liquidity of each chain

📍Therefore, in theory, a single asset is constantly transferred between chains, and it will be constantly worn out due to gas problems

As for chain abstraction, you don’t need to consider this problem

I have said before that the cross-chain bridge protocol is actually the most motivated to do chain abstraction. The reason is this. For example, the three protocols I counted yesterday have already seen corresponding modules

In addition, the launch of chain abstraction protocols such as Particle and Xion this quarter will also make the paradigm of this track clearer

Update $ENA . It is similar to the previous prediction. Relay around this resistance. At present, the bullish strength is not strong.

Then at the current price, can the left side be determined as the lower edge of the relay pattern?

If it is possible, then do it at this place, and the target position is the upper edge of the pattern.

The profit and loss ratio is okay. I think the indicator also shows signs of a reversal.

A set of cross-chain protocol data comparison: Wormhole/deBridge/Axelar

The transaction volume and market value of these three protocols are counted

1. In terms of transaction volume and market value, Wormhole is undoubtedly at a higher comprehensive level

(1) The market value level of deBridge @deBridgeFinance is generally lower than the transaction volume

(2) In contrast, the overall market value level of Axelar @axelar is generally higher than the transaction volume

On the whole, 🔻
deBridge may be at a level that is undervalued by the market. A few months ago, I also gave a detailed introduction to it. You can jump to the tweet to read: 跳转

It should be noted that short-term transaction volume levels cannot refer to the long-term profitability of the protocol, but can only be used as a comparison within a period of time.

Because the official operation time of these protocols after TGE is very different, the short-term comparison is used as a reference.

I will also follow up on this data table for a long time, and will add more indicators for reference later.

2. Since Wormhole and deBridge belong to the Solana ecosystem, I have retrieved the transaction volume share of the two protocols in the past 30 days.

(1) It can be seen that Ethereum accounts for half of Wormhole's transaction volume, and there are some data not added in the chart: probably because the SUI network has been popular in the past period of time. The transaction volume of SUI is about one-quarter, followed by Solana.
(2) The overall transaction volume of deBridge is relatively balanced, with Ethereum accounting for 40% and Solana taking the second place, accounting for nearly one-third.

As the cross-chain infrastructure of the Solana ecosystem, Wormhole still meets higher demands in terms of transaction volume. If deBridge is compared with Wormhole's transaction volume and market value, it can be seen from the bar chart below that the ratio is obviously much lower.

The Solana ecosystem in this cycle has shown sufficient vitality, so I will follow up on the phased progress of some ecosystems and infrastructure later.

Stay tuned~

In the past 24 hours, there have been two big news related to RWA

1. Binance's new Launchpool is online, and Usual is doing the stablecoin business in the RWA track #新币挖矿你参加了吗？
2. BlackRock's [BUIDL] fund logs on the Aptos network, which is currently the fund's first non-EVM-compatible bearer chain
$APT
Before this, [BUIDL] was also on Ethereum, Optimism, Arbitrum, Polygon and Avalanche chains

And now users on the Aptos chain can also directly participate in "[BUIDL]"

The RWA narrative of this cycle can almost be said to be supported by [BUIDL]. The current scale of US debt in the RWA track is nearly US$2.4 billion, which is a point that many people have not noticed

Currently, [BUIDL] as an issuer occupies about a quarter of the market share in this track, and it still maintains a high growth trend

After Trump's election, this round of RWA is really worth looking forward to~

📍Project Rating: AdEx丨C $ADX

This should be the third project in this series that makes decentralized advertising protocols. This AdEx is somewhat similar to the previously mentioned advertising distribution solution, but a bidding design is added to the supply and demand link

That's it, I won't expand on it. Although the market value fluctuation is okay, combined with the market trend, the fluctuation of this market value is basically from the release of tokens, which pushes up the market value

Summary: At least this is not a coin I will buy and hold

About rating🔻
S: Must pay attention to, but in principle it is difficult to have a project with this rating
A: Worth being included in the observation pool
B: Generally, it is the level of relatively active projects, and there is a chance to enter the observation pool
C: A relatively ordinary target
D: Not worth paying attention to

Note: The content of this series will not involve any business components

$SUI The same chart, no change, the logic is likely to be fulfilled, this resistance may still need to go down and then attack again

Now we need to worry about the 0.382 support, which may not hold up as I said before

A position, whether it is support or resistance, is difficult to be tested three times in a row

Therefore, the profit and loss ratio of short orders at this position may be higher than the previous few waves