LIVEBitHappy
@BitHappy
PM & Dev | On Binance Feed & BitHappy.xyz | X: @BitHaHa | Tip: Always read till the end 🌟
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Do cryptocurrencies need market makers?
Market makers provide both buy and sell quotes, creating a token trading service provider with liquidity and depth.
➬ There is no market maker, the trading depth is insufficient, users cannot sell tokens at the holding price, nor can they buy the required number of tokens, which increases transaction costs
For example, in an order book-based transaction, if you want to buy 10 tokens, if there is a market maker that provides sufficient liquidity and the price of each token is 4000U, you only need to spend 40000U to buy 10 tokens; on the contrary, if there is no market maker to guarantee sufficient liquidity, the possible situation is 5 sell orders of 4000U and 5 sell orders of 5000U, and your purchase of 10 tokens will cost 45000U, which is 5000U more than with a market maker.
➬ There is no market maker, the trading depth is insufficient, users cannot sell tokens at the holding price, nor can they buy the required number of tokens, which increases transaction costs
For example, in an order book-based transaction, if you want to buy 10 tokens, if there is a market maker that provides sufficient liquidity and the price of each token is 4000U, you only need to spend 40000U to buy 10 tokens; on the contrary, if there is no market maker to guarantee sufficient liquidity, the possible situation is 5 sell orders of 4000U and 5 sell orders of 5000U, and your purchase of 10 tokens will cost 45000U, which is 5000U more than with a market maker.
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Token Economics Decoded: From Circulation to Empowerment, a Must-Read Guide for Investors
Token economics sounds pretty intimidating. I remember when I first read the project white paper, I skipped this part directly. After all, I had never studied economics. 🤣
In fact, token economics mainly talks about two things. One is the information about the number of tokens, such as the total amount, circulation amount, unlocked amount, etc. The other is the role of tokens in a project or ecosystem, which is often called empowerment. For example, $ETH is used to pay for Gas.
Next, follow my thoughts on token economics!
➤ About the number of tokens:
The basic information of a token includes at least a few points: the total supply of tokens, the initial circulation of tokens, and the distribution of tokens (project owners/early investors/community airdrops). From these, we can deduce some indicators of whether it is worth buying:
In fact, token economics mainly talks about two things. One is the information about the number of tokens, such as the total amount, circulation amount, unlocked amount, etc. The other is the role of tokens in a project or ecosystem, which is often called empowerment. For example, $ETH is used to pay for Gas.
Next, follow my thoughts on token economics!
➤ About the number of tokens:
The basic information of a token includes at least a few points: the total supply of tokens, the initial circulation of tokens, and the distribution of tokens (project owners/early investors/community airdrops). From these, we can deduce some indicators of whether it is worth buying:
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Happy's Binance Blockchain Week trip is over!
As a developer, Happy likes the word "iteration" very much and believes that a person is a product, and growth is continuous iteration, continuous optimization of oneself, and ending one's own iteration at the last or most dazzling moment of life.
However, this event experience made Happy realize that he had fallen into a common misunderstanding in the product development process, that is, the version has never had a "deadline", resulting in insufficient pressure and sense of purpose. Although it is also iterating, it is more passively moving forward, and the product is not seriously polished.
After realizing this problem, Happy will make some specific version plans in the future, such as taking pictures, karaoke, aesthetics, stage fright, English and social interaction, etc. (some teachers and friends performed too well, and Happy was inferior).
Of course, Happy is not a very stubborn character. He understands that not everything can be exchanged for hard work. He may give up after continuous setbacks. Life is not perfect after all.
In short, continue to "iterate" and "release versions" to become a better self!
------ 🫡 ------
Thank you Zhuzhu @能量猪猪 for the invitation. My first trip abroad is dedicated to you. Although last month caused a lot of psychological trauma to Happy, it has healed this time. 🤣
Thank you for the care of Teacher Wu and Ni Da. The two brothers also took care of me a lot last time, and they also took care of me this time. Thank you for your hard work!
Teacher Wu @BITWU has a really good aesthetic sense and sings really well. 👀
Ni Da @PhyrexNi is really good at English and is also really busy (for example, the left hand is occupied, and the right hand can still refresh and post tweets). 👀
As a developer, Happy likes the word "iteration" very much and believes that a person is a product, and growth is continuous iteration, continuous optimization of oneself, and ending one's own iteration at the last or most dazzling moment of life.
However, this event experience made Happy realize that he had fallen into a common misunderstanding in the product development process, that is, the version has never had a "deadline", resulting in insufficient pressure and sense of purpose. Although it is also iterating, it is more passively moving forward, and the product is not seriously polished.
After realizing this problem, Happy will make some specific version plans in the future, such as taking pictures, karaoke, aesthetics, stage fright, English and social interaction, etc. (some teachers and friends performed too well, and Happy was inferior).
Of course, Happy is not a very stubborn character. He understands that not everything can be exchanged for hard work. He may give up after continuous setbacks. Life is not perfect after all.
In short, continue to "iterate" and "release versions" to become a better self!
------ 🫡 ------
Thank you Zhuzhu @能量猪猪 for the invitation. My first trip abroad is dedicated to you. Although last month caused a lot of psychological trauma to Happy, it has healed this time. 🤣
Thank you for the care of Teacher Wu and Ni Da. The two brothers also took care of me a lot last time, and they also took care of me this time. Thank you for your hard work!
Teacher Wu @BITWU has a really good aesthetic sense and sings really well. 👀
Ni Da @PhyrexNi is really good at English and is also really busy (for example, the left hand is occupied, and the right hand can still refresh and post tweets). 👀
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How long has it been since you last saw #CZ ? Tonight at 8 PM Beijing time, you can watch the live stream of Big Cousin!
I wonder if there will be a QR code to collect red envelopes, hahaha!
👉 Live stream link: https://www.binance.com/en/live/video?roomId=2229558
#BinanceBlockchainWeek $BNB
I wonder if there will be a QR code to collect red envelopes, hahaha!
👉 Live stream link: https://www.binance.com/en/live/video?roomId=2229558
#BinanceBlockchainWeek $BNB
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Wow, I got ripped off by the Dubai taxi driver for 150 dirhams, friends in Dubai be careful!
The distance from the hotel to Dubai Mall is 5 kilometers, the taxi app shows 30 dirhams, and the meter shows 18 dirhams!
When we arrived, I watched helplessly as the driver manually entered 180 dirhams into the taxi app, and before I could react, the money was deducted from my credit card!
#BinanceBlockchainWeek
The distance from the hotel to Dubai Mall is 5 kilometers, the taxi app shows 30 dirhams, and the meter shows 18 dirhams!
When we arrived, I watched helplessly as the driver manually entered 180 dirhams into the taxi app, and before I could react, the money was deducted from my credit card!
#BinanceBlockchainWeek
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A photo achieving two accomplishments!
✅ Successfully took a photo with the big sister!
✅ Binance Square 2024 Creator!
#BinanceBlockchainWeek
✅ Successfully took a photo with the big sister!
✅ Binance Square 2024 Creator!
#BinanceBlockchainWeek
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Aethir governance users and node holders will welcome fivefold benefits!
A relatively official description: The DePIN track is dedicated to promoting the development of cloud services toward greater scalability, security, and efficiency by providing decentralized cloud computing infrastructure.
➤ Understanding decentralized cloud computing:
As early as 2012, when Happy was learning computer science, the teacher mentioned that in the future, with the improvement of internet speed, a personal computer would only need basic configurations to run a browser and would be able to perform all functions of a personal computer.
Later, this became a reality (Google ChromeBook), and gradually developed into cloud computing and cloud gaming, all of which prove that the cloud will be a trend. However, traditional cloud computing and cloud gaming are mostly offered to the market by centralized companies and institutions, until the emergence of the grand narrative of DePIN, which allows those with idle and redundant computing power to participate, realizing the tokenization and monetization of computing power and other infrastructures.
➤ Understanding decentralized cloud computing:
As early as 2012, when Happy was learning computer science, the teacher mentioned that in the future, with the improvement of internet speed, a personal computer would only need basic configurations to run a browser and would be able to perform all functions of a personal computer.
Later, this became a reality (Google ChromeBook), and gradually developed into cloud computing and cloud gaming, all of which prove that the cloud will be a trend. However, traditional cloud computing and cloud gaming are mostly offered to the market by centralized companies and institutions, until the emergence of the grand narrative of DePIN, which allows those with idle and redundant computing power to participate, realizing the tokenization and monetization of computing power and other infrastructures.
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Weekly project profit data analysis and potential opportunities!
Reminder before reading: Profit data is a very important indicator, but it is not the only one, not the only one, not the only one!!!
The previous issue only analyzed the profit data of the projects, but due to the problem of data source, some projects could not count the profit data. This issue (10.21-10.27) will add TVL data as an auxiliary.
There is a tutorial at the end of the article about Happy’s understanding of it and how to find project profit data!
TVL Data Analysis
➤ TVL of well-known public chains:
Solana rose strongly by 23.41%, accounting for 8.3% of the total, surpassing Tron to rank second in the overall list, but it is still a bit far from Ethereum's 54.3%.
The previous issue only analyzed the profit data of the projects, but due to the problem of data source, some projects could not count the profit data. This issue (10.21-10.27) will add TVL data as an auxiliary.
There is a tutorial at the end of the article about Happy’s understanding of it and how to find project profit data!
TVL Data Analysis
➤ TVL of well-known public chains:
Solana rose strongly by 23.41%, accounting for 8.3% of the total, surpassing Tron to rank second in the overall list, but it is still a bit far from Ethereum's 54.3%.
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Laughing to death, when retail investors can't make money, institutional investors easily earn 1 million dollars, are there really any retail investors making money from MEME???
Sotheby's Vice President Michael Bouhanna previously bought many types of Meme coins but hardly made any money, so he launched a Meme coin named #BAN using his own wallet "5W7U...b3cV", making over 1 million dollars in profit using just an internal wallet on BAN. Michael Bouhanna has publicly commented that the wallet "5W7U...b3cV" is his address (that post has since been deleted), and that address is also the deployer of BAN.
Although he was pressured to destroy 37.36 million BAN in his wallet, he used the internal wallet to purchase BAN and made over 1 million dollars in profit.
Sotheby's Vice President Michael Bouhanna previously bought many types of Meme coins but hardly made any money, so he launched a Meme coin named #BAN using his own wallet "5W7U...b3cV", making over 1 million dollars in profit using just an internal wallet on BAN. Michael Bouhanna has publicly commented that the wallet "5W7U...b3cV" is his address (that post has since been deleted), and that address is also the deployer of BAN.
Although he was pressured to destroy 37.36 million BAN in his wallet, he used the internal wallet to purchase BAN and made over 1 million dollars in profit.
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LIVEBitHappy
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Comparing from the data, who is more inflated, $ZK or $SCR?
As projects in the same field, they are both criticized quite severely. Let's examine from the data who has greater potential returns!
As of the publication date: Market cap $511 million, fully diluted market cap $2.923 billion; Market cap $176 million, fully diluted market cap $924 million.
➤ TVL:
ZKsync's current TVL is $85.74M, with a peak of $196M, a decline of 56%. Since August, the overall trend has been relatively stable, with a slight increase.
Scroll's current TVL is $743.68M, with a peak of $991M, a decline of 25%. Notably, since June 19, the TVL trend suddenly steepened, increasing from $100M to $700M in just one month.
As of the publication date: Market cap $511 million, fully diluted market cap $2.923 billion; Market cap $176 million, fully diluted market cap $924 million.
➤ TVL:
ZKsync's current TVL is $85.74M, with a peak of $196M, a decline of 56%. Since August, the overall trend has been relatively stable, with a slight increase.
Scroll's current TVL is $743.68M, with a peak of $991M, a decline of 25%. Notably, since June 19, the TVL trend suddenly steepened, increasing from $100M to $700M in just one month.
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