Place your ads hereemail us at [[email protected]](mailto:[email protected]) [Get Started](mailto:[email protected]) Latest Update 10/18/2025 2:20:00 PM ## Zora Boosts Base With Creator Coins: Tokenizing Accounts and Posts Creates a Differentiated USP for Builders and Traders According to Bobby Ong, Zora is one of the best developments for Base because it gives creators a concrete reason to use the chain by taking tokenization of everything to the extreme via tokenized accounts and posts, establishing a differentiated USP for Base. Source: Bobby Ong on X, Oct 18, 2025: https://twitter.com/bobbyong/status/1979553237754880339 According to Bobby Ong, he credits a builder-led push and says Jesse Pollak deserves recognition for backing builders and moving Base forward, while acknowledging that whether this approach works long-term remains up for debate. Source: Bobby Ong on X, Oct 18, 2025: https://twitter.com/bobbyong/status/1979553237754880339 According to Bobby Ong, without a differentiated strategy there is no reason to build or use a chain, and Zora plus creator coins provide Base with that unique angle by tokenizing accounts and posts. Source: Bobby Ong on X, Oct 18, 2025: https://twitter.com/bobbyong/status/1979553237754880339 [Source](https://x.com/bobbyong/status/1979553237754880339) ### Analysis In the ever-evolving landscape of cryptocurrency ecosystems, the integration of innovative platforms like Zora on the Base chain has sparked significant interest among traders and investors. According to Bobby Ong, a prominent figure in the crypto space, Zora represents one of the most impactful developments for Base, providing a unique selling proposition that differentiates it from other blockchain networks. This perspective highlights how Zora's approach to creator coins and the tokenization of accounts and posts embodies the 'tokenization of everything' mantra, offering creators compelling reasons to build and engage on Base. As traders evaluate the potential of such innovations, it's crucial to consider how these advancements could influence trading volumes, token valuations, and overall market sentiment in the decentralized finance sector. ## Zora's Role in Enhancing Base's Market Position Delving deeper into the trading implications, Zora's strategy on Base chain introduces novel opportunities for crypto traders. By tokenizing social elements like accounts and posts, Zora not only fosters creator economies but also potentially drives on-chain activity, which could lead to increased transaction volumes and liquidity. For instance, if creator coins gain traction, we might see heightened trading interest in related tokens, correlating with Base's native assets or Ethereum-based pairs. Traders should monitor key indicators such as daily active users on Base and the minting rates of these creator tokens, as these metrics could signal bullish trends. Historically, platforms that successfully differentiate themselves, much like Zora is attempting, have seen spikes in associated token prices; for example, similar NFT and social token projects have experienced 20-50% short-term gains during adoption phases, according to various blockchain analytics reports. However, the long-term viability remains debatable, presenting risks such as regulatory scrutiny or market saturation that could trigger volatility in trading pairs involving ETH and emerging Base tokens. ### Trading Strategies Amid Innovation on Base From a trading-focused viewpoint, the endorsement from figures like Bobby Ong and Jesse Pollak underscores the importance of backing innovative builders in the crypto market. Traders can capitalize on this by exploring arbitrage opportunities between Base's ecosystem tokens and broader markets like BTC or ETH pairs. For example, if Zora's initiatives boost Base's TVL (Total Value Locked), it could create upward pressure on related assets, with potential support levels around recent ETH price floors. Incorporating on-chain metrics, such as gas fees on Base versus mainnet Ethereum, provides actionable insights—lower fees might attract more users, enhancing trading volumes. Investors should consider diversified portfolios that include exposure to L2 solutions like Base, weighing the risks of experimental features against the rewards of early adoption. As paradigms shift through boundary-pushing efforts, keeping an eye on sentiment indicators from social platforms could help predict short-term price movements, potentially offering entry points during dips driven by skepticism. Moreover, the broader implications for the cryptocurrency market extend to correlations with stock markets, where institutional flows into blockchain tech could amplify these trends. For instance, as companies like Coinbase, which backs Base, report earnings, positive news around user growth might spill over into crypto valuations, creating cross-market trading opportunities. Traders are advised to track institutional interest in tokenized assets, as this could lead to increased capital inflows, pushing prices higher. In terms of resistance levels, if ETH breaks above $3,000 amid such developments, Base-related tokens might follow suit with amplified gains. Ultimately, while Zora's bold moves deserve credit for innovation, traders must approach with caution, using tools like moving averages and RSI to navigate potential corrections. This narrative not only reinforces Base's unique angle but also positions it as a fertile ground for strategic trading in the dynamic world of digital assets. To wrap up, the push for differentiated strategies in blockchain ecosystems like Base, amplified by Zora's creator-focused innovations, offers a compelling case for traders seeking alpha in crypto markets. By analyzing on-chain data and market sentiment, one can identify trading signals that align with emerging paradigms. Whether through spot trading, futures, or options on platforms supporting Base assets, the key is to balance optimism with risk management. As the debate on long-term success continues, proactive monitoring of adoption metrics will be essential for capitalizing on this evolving story in cryptocurrency trading. [Base](https://blockchain.news/flashnews/Base) [Jesse Pollak](https://blockchain.news/flashnews/Jesse%20Pollak) [Zora](https://blockchain.news/flashnews/Zora) [onchain activity](https://blockchain.news/flashnews/onchain%20activity) [creator coins](https://blockchain.news/flashnews/creator%20coins) [tokenizing accounts](https://blockchain.news/flashnews/tokenizing%20accounts) [tokenization of everything](https://blockchain.news/flashnews/tokenization%20of%20everything) #### Bobby Ong @bobbyong Co-founder & COO @coingecko and @geckoterminal. Bootstrapping in the crypto space since 2013. Loading... ##### Premium Sponsors #### Trending topics [DeepSeek](https://blockchain.news/tag/DeepSeek) [ChatGPT](https://blockchain.news/tag/ChatGPT) [Claude](https://blockchain.news/search/claude) [AI video Generator](https://blockchain.news/ai/video-generator) [Ethereum](https://blockchain.news/tag/Ethereum) [NFT](https://blockchain.news/tag/NFT) X
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Here’s what’s trending: 1. **Niza.io listing sparks liquidity hopes** 2. **Coinbase DEX integration fuels Base ecosystem momentum** 3. **Analysts debate $0.50 target vs. "hype-driven" risks** ## Deep Dive ### 1\. [@BasedBrett](https://x.com/BasedBrett): _"Brett solves the unsolvable"_ 🟢 **"One Brett. Zero problems"** – Official account leans into meme culture, framing BRETT as Pepe’s "best friend" on Base Chain.– @BasedBrett (194K followers · 2.1M impressions · 2025-07-26 15:11 UTC) [View original post](https://x.com/BasedBrett/status/1949125326283440406) **What this means:** This is bullish for BRETT because it reinforces community-driven narratives critical for meme coins. However, the token’s -51.5% 30d price drop highlights the gap between hype and market reality. ### 2\. [Niza.io](https://blog.niza.io): _Exchange listing boosts accessibility_ 🟢 Niza.io added BRETT for spot trading on 2025-06-17, citing its "liquidity and market strength" on Base Chain. Deposits surged pre-listing, though current turnover (0.155) suggests thin liquidity. [View announcement](https://blog.niza.io/brett-will-get-listed-on-niza-io-exchange-trading-opens-soon) **What this means:** This is neutral for BRETT. While listings broaden exposure, the token remains highly dependent on Base Chain’s growth – which saw a 3.7% ecosystem cap jump post-Coinbase DEX integration. ### 3\. [AMBCrypto](https://ambcrypto.com): _"$0.25–$1 by 2030? Maybe…"_ 🟡 Analysts note BRETT’s 10B fixed supply and renounced contract as strengths but warn of "regulatory uncertainty" and Matt Furie IP risks. Current $0.0265 price (-76% from ATH) reflects fading momentum. [Read analysis](https://ambcrypto.com/what-is-brett-coin-and-how-high-can-it-go-by-2030/) **What this means:** This is bearish for BRETT in the short term. With no utility beyond memes and -58% 90d returns, the token needs major exchange listings or DeFi integrations to reverse sentiment. ## Conclusion The consensus on BRETT is mixed – boosted by Base Chain developments and relentless meme marketing, but weighed down by fading momentum and meme coin volatility. Watch the **BTC dominance** (58.9%), as a drop could reignite altcoin speculation. For now, Brett’s fate hinges on whether "Pepe’s friend" can outlast the hype cycle. ## What is the latest news on BRETT? ## TLDR Brett rides Coinbase’s DEX wave but faces meme volatility. Here are the latest updates: 1. **Coinbase DEX Integration (8 August 2025)** – BRETT surged as a top Base token post-Coinbase’s DEX launch. 2. **2030 Price Speculation (27 July 2025)** – Analysts debate BRETT’s long-term viability amid meme dependency. 3. **Niza.io Listing (16 June 2025)** – Exchange debut boosted liquidity but triggered short-term volatility. ## Deep Dive ### 1\. Coinbase DEX Integration (8 August 2025) **Overview:** Coinbase enabled direct trading of Base-native tokens like BRETT via decentralized exchanges (DEX), granting instant access to millions of users without formal listings. This integration drove BRETT’s 24-hour price surge alongside Aerodrome Finance (AERO), as Base ecosystem tokens collectively gained 3.7% in market cap. **What this means:** This is bullish for BRETT’s accessibility and trading volume, as Coinbase’s expansion into DEX liquidity could sustain demand during altseason. However, reliance on Base’s growth and competition from newer tokens pose risks. ( [CoinMarketCap](https://coinmarketcap.com/community/articles/68965ab87c3abf782e263de9)) ### 2\. 2030 Price Speculation (27 July 2025) **Overview:** AMBCrypto outlined BRETT’s potential paths: bearish scenarios ($0.0001–$0.005) if hype fades, versus optimistic targets ($0.25–$1.00) tied to DeFi integration and cultural relevance. The token’s fixed supply (10B) and renounced contract are strengths, but lack of utility and IP risks (using Matt Furie’s character without endorsement) loom. **What this means:** Neutral-to-bearish long-term, as BRETT remains meme-driven. Success hinges on evolving beyond viral trends, with regulatory clarity and Base adoption as key variables. ( [AMBCrypto](https://ambcrypto.com/what-is-brett-coin-and-how-high-can-it-go-by-2030/)) ### 3\. Niza.io Listing (16 June 2025) **Overview:** BRETT’s spot listing on Niza.io against USDT improved liquidity but saw choppy price action post-launch, typical of low-float meme assets. The exchange highlighted BRETT’s role as Base Chain’s “cultural mascot,” aligning with its community-driven narrative. **What this means:** Bullish for short-term visibility but neutral overall, as meme coins often struggle to retain gains post-listing. The 5% CEX allocation from BRETT’s tokenomics may ease future exchange expansions. ( [Niza.io](https://blog.niza.io/brett-will-get-listed-on-niza-io-exchange-trading-opens-soon)) ## Conclusion BRETT’s recent surge hinges on Coinbase’s DEX pivot and Base’s growth, but its long-term path remains tethered to meme virality and speculative cycles. With turnover at 16.7% (per CoinMarketCap), liquidity remains fragile. **Can BRETT outlast the “meme trap” by building utility, or will it mirror earlier hype-driven collapses?** ## What is next on BRETT’s roadmap? ## TLDR Brett’s development continues with these milestones: 1. **CEX Listings & Liquidity Expansion (2025)** – Ongoing efforts to secure exchange listings and deepen market access. 2. **Base Chain Ecosystem Growth (2025)** – Leveraging Base’s expanding network for utility integration. 3. **Community-Driven Initiatives (2025)** – Meme-centric campaigns to sustain cultural relevance. ## Deep Dive ### 1\. CEX Listings & Liquidity Expansion (2025) **Overview:** Brett’s tokenomics allocate 5% of its supply to CEX listings, suggesting ongoing efforts to secure exchange integrations. The June 2025 Niza.io listing ( [Niza.io](https://blog.niza.io/brett-will-get-listed-on-niza-io-exchange-trading-opens-soon)) demonstrated this strategy, with future listings likely targeting mid-tier exchanges to boost accessibility. **What this means:** This is bullish for BRETT because broader exchange availability could improve liquidity and retail participation. However, competition from newer meme coins poses adoption risks. ### 2\. Base Chain Ecosystem Growth (2025) **Overview:** Brett’s roadmap emphasizes leveraging Base Chain’s growth, which saw a 3.7% ecosystem market cap surge post-Coinbase’s DEX integration in August 2025 ( [CoinMarketCap](https://coinmarketcap.com/community/articles/68965ab87c3abf782e263de9)). Partnerships with Base-native projects could enhance utility, though specifics remain undisclosed. **What this means:** This is neutral for BRETT because while Base’s expansion offers tailwinds, Brett’s dependency on meme status limits fundamental utility. Success hinges on aligning with high-activity dApps. ### 3\. Community-Driven Initiatives (2025) **Overview:** Brett’s social media (e.g., [@BasedBrett](https://x.com/BasedBrett)) emphasizes meme-driven engagement, with campaigns like the Kakao Chat Korean community launch in August 2025. These efforts aim to replicate PEPE’s viral success but face saturation in the meme coin space. **What this means:** This is bearish-neutral for BRETT because while community hype can drive short-term pumps, sustaining momentum requires novel narratives or utility beyond memes. ## Conclusion Brett’s roadmap leans on exchange growth, Base Chain synergies, and meme virality, but lacks concrete technical upgrades. With the broader crypto market in “Fear” territory (CMC Fear & Greed Index: 28), can Brett’s community-centric model outlast bearish sentiment? ## What is the latest update in BRETT’s codebase? ## TLDR No recent technical updates found for BRETT’s codebase. 1. **Smart Contract Renounced (Feb 2024)** – Immutable code with no further modifications possible. 2. **Fixed Supply Protocol (2024)** – No token burns or minting mechanisms added. 3. **Base Chain Integration (2024)** – Relies on Base L2’s infrastructure without protocol-level changes. ## Deep Dive ### 1\. Smart Contract Renounced (Feb 2024) **Overview:** BRETT’s Ethereum-based smart contract was permanently renounced at launch, locking all tokenomics rules. This means developers cannot alter supply (fixed at 10B tokens), transaction fees (0%), or liquidity pool allocations. The move prioritizes decentralization but limits adaptability to market changes. **What this means:** This is neutral for BRETT because while it ensures trustlessness, it restricts future utility upgrades. ( [Source](https://ambcrypto.com/what-is-brett-coin-and-how-high-can-it-go-by-2030/)) ### 2\. Fixed Supply Protocol (2024) **Overview:** BRETT’s tokenomics enforce a hard cap of 10B tokens, with 85% initially allocated to locked liquidity pools. No burns, staking, or inflationary mechanisms exist. The treasury (10%) and CEX listings (5%) allocations are fully distributed. **What this means:** This is bearish for BRETT because static supply reduces deflationary catalysts, relying solely on demand spikes for price action. ( [Source](https://ambcrypto.com/what-is-brett-coin-and-how-high-can-it-go-by-2030/)) ### 3\. Base Chain Integration (2024) **Overview:** BRETT operates on Coinbase’s Base L2 chain, inheriting its scalability but lacking custom enhancements. The token doesn’t have chain-specific features like gas optimizations or cross-chain bridges. Performance depends entirely on Base’s network upgrades. **What this means:** This is neutral for BRETT because it benefits from Base’s ecosystem growth but offers no technical differentiation from other Base memecoins. ( [Source](https://blog.niza.io/brett-will-get-listed-on-niza-io-exchange-trading-opens-soon)) ## Conclusion BRETT’s codebase remains unchanged since its 2024 launch, emphasizing meme-driven community growth over technical evolution. With no active development or upgrades, its value hinges entirely on speculative demand and Base Chain’s performance. How might BRETT’s lack of code flexibility impact its competitiveness against newer, upgradeable memecoins? CMC AI can make mistakes. Not financial advice. Read more about BRETT [What is Brett (Based) (BRETT)?](https://coinmarketcap.com/cmc-ai/based-brett/what-is/) [Latest Brett (Based) (BRETT) Price Analysis](https://coinmarketcap.com/cmc-ai/based-brett/price-analysis/) [Brett (Based) (BRETT) Price Prediction](https://coinmarketcap.com/cmc-ai/based-brett/price-prediction/) ## Explore Similar Coins ###### Turbo TURBO [See TURBO Price](https://coinmarketcap.com/currencies/turbo/#cmcaiquestion=0) [What is Turbo (TURBO)?](https://coinmarketcap.com/cmc-ai/turbo/what-is/) [Latest Turbo (TURBO) Price Analysis](https://coinmarketcap.com/cmc-ai/turbo/price-analysis/) [Turbo (TURBO) Price Prediction](https://coinmarketcap.com/cmc-ai/turbo/price-prediction/) [Latest Turbo (TURBO) News Update](https://coinmarketcap.com/cmc-ai/turbo/latest-updates/) ###### Mog Coin MOG [See MOG Price](https://coinmarketcap.com/currencies/mog-coin/#cmcaiquestion=0) [What is Mog Coin (MOG)?](https://coinmarketcap.com/cmc-ai/mog-coin/what-is/) [Latest Mog Coin (MOG) Price Analysis](https://coinmarketcap.com/cmc-ai/mog-coin/price-analysis/) [Mog Coin (MOG) Price Prediction](https://coinmarketcap.com/cmc-ai/mog-coin/price-prediction/) [Latest Mog Coin (MOG) News Update](https://coinmarketcap.com/cmc-ai/mog-coin/latest-updates/) ###### Popcat (SOL) POPCAT [See POPCAT Price](https://coinmarketcap.com/currencies/popcat-sol/#cmcaiquestion=0) [What is Popcat (SOL) (POPCAT)?](https://coinmarketcap.com/cmc-ai/popcat-sol/what-is/) [Latest Popcat (SOL) (POPCAT) Price Analysis](https://coinmarketcap.com/cmc-ai/popcat-sol/price-analysis/) [Popcat (SOL) (POPCAT) Price Prediction](https://coinmarketcap.com/cmc-ai/popcat-sol/price-prediction/) [Latest Popcat (SOL) (POPCAT) News Update](https://coinmarketcap.com/cmc-ai/popcat-sol/latest-updates/) ###### dogwifhat WIF [See WIF Price](https://coinmarketcap.com/currencies/dogwifhat/#cmcaiquestion=0) [What is dogwifhat (WIF)?](https://coinmarketcap.com/cmc-ai/dogwifhat/what-is/) [Latest dogwifhat (WIF) Price Analysis](https://coinmarketcap.com/cmc-ai/dogwifhat/price-analysis/) [dogwifhat (WIF) Price Prediction](https://coinmarketcap.com/cmc-ai/dogwifhat/price-prediction/) [Latest dogwifhat (WIF) News Update](https://coinmarketcap.com/cmc-ai/dogwifhat/latest-updates/) ###### Ponke PONKE [See PONKE Price](https://coinmarketcap.com/currencies/ponke/#cmcaiquestion=0) [What is Ponke (PONKE)?](https://coinmarketcap.com/cmc-ai/ponke/what-is/) [Latest Ponke (PONKE) Price Analysis](https://coinmarketcap.com/cmc-ai/ponke/price-analysis/) [Ponke (PONKE) Price Prediction](https://coinmarketcap.com/cmc-ai/ponke/price-prediction/) [Latest Ponke (PONKE) News Update](https://coinmarketcap.com/cmc-ai/ponke/latest-updates/) ###### Toshi TOSHI [See TOSHI Price](https://coinmarketcap.com/currencies/toshithecat/#cmcaiquestion=0) [What is Toshi (TOSHI)?](https://coinmarketcap.com/cmc-ai/toshithecat/what-is/) [Latest Toshi (TOSHI) Price Analysis](https://coinmarketcap.com/cmc-ai/toshithecat/price-analysis/) [Toshi (TOSHI) Price Prediction](https://coinmarketcap.com/cmc-ai/toshithecat/price-prediction/) [Latest Toshi (TOSHI) News Update](https://coinmarketcap.com/cmc-ai/toshithecat/latest-updates/) Brett (Based)BRETT \| $0.02733 4.71% (1d) Ask CMC AI [See BRETT Price Chart](https://coinmarketcap.com/currencies/based-brett/#cmcaiquestion=0) Read more about BRETT [What is Brett (Based) (BRETT)?](https://coinmarketcap.com/cmc-ai/based-brett/what-is/) [Latest Brett (Based) (BRETT) Price Analysis](https://coinmarketcap.com/cmc-ai/based-brett/price-analysis/) [Brett (Based) (BRETT) Price Prediction](https://coinmarketcap.com/cmc-ai/based-brett/price-prediction/) Cryptos: [25.51M](https://coinmarketcap.com/charts/number-of-cryptocurrencies-tracked/) Exchanges: [873](https://coinmarketcap.com/rankings/exchanges/) Market Cap: [$3.68T](https://coinmarketcap.com/charts/) 1.57% 24h Vol: [$122.68B](https://coinmarketcap.com/charts/) 13.44% Dominance: [BTC: 58.8% ETH: 12.7%](https://coinmarketcap.com/charts/bitcoin-dominance/) ETH Gas: 0.19 Gwei Fear & Greed: [27/100](https://coinmarketcap.com/charts/fear-and-greed-index/) Get listed [API](https://coinmarketcap.com/api/pricing/)
Symbols Symbols [Aime](https://www.ainvest.com/chat/) [Products](https://www.ainvest.com/screener/) [News](https://www.ainvest.com/news/) [Market](https://www.ainvest.com/market/) [Watchlist](https://www.ainvest.com/watchlist/) [Brokers](https://www.ainvest.com/brokers/) # The New Battleground: Layer 1 Shifts in Crypto Written by [Ainvest](https://www.ainvest.com/news/author/) Saturday, Oct 18, 2025 9:32 am ET1min read The article discusses the shift in the layer 1 (L1) conversation in the crypto market, where big companies are now building their own blockchains from scratch. This changes the decision-making process from tactical to strategic, as L1 is no longer a neutral playing field but rather a moat. Examples include Stripe's Tempo, a payments-focused L1 in partnership with Paradigm, and Coinbase's Base chain. The article concludes that crypto-native founders can't compete with corporate-controlled L1s regarding distribution and regulatory terms, but permissionless builders can compete on different vectors such as innovation and censorship resistance. The cryptocurrency market is experiencing a significant shift in the conversation around Layer 1 (L1) blockchains, as major companies are now building their own blockchains from scratch. This development changes the decision-making process from tactical to strategic, as L1 is no longer a neutral playing field but rather a competitive moat. Companies like Stripe and Coinbase are leading the charge with initiatives like Tempo and Base chain, respectively.Stripe's Tempo, in partnership with Paradigm, and Coinbase's Base chain are examples of corporate-controlled L1s that aim to integrate blockchain technology into their core operations. These initiatives represent a strategic move to control the infrastructure of their ecosystems, providing them with a competitive edge in terms of distribution and regulatory terms.However, this shift presents challenges for crypto-native founders. While corporate-controlled L1s have significant advantages in terms of resources and reach, they also face regulatory scrutiny and potential censorship. This dynamic creates an uneven playing field, where traditional crypto-native founders may struggle to compete.Permissionless builders, on the other hand, can compete on different vectors such as innovation and censorship resistance. The recent partnership between Halborn and VerifiedX demonstrates this strategy, with Halborn, an award-winning blockchain cybersecurity firm, joining forces with VerifiedX to enhance the security and audit integrity of the VerifiedX protocol, as reported in The CoinRise article [The CoinRise article](https://thecoinrise.com/halborn-and-verifiedx-announce-strategic-partnership-to-advance-layer-1-blockchain-security-and-audit-integrity/) . This collaboration emphasizes the importance of security and transparency in a decentralized ecosystem, areas where permissionless builders can excel.Hyperliquid's HIP-3 upgrade is another example of this trend, enabling permissionless perpetual futures markets and boosting decentralization and the value of the HYPE token, according to a LiveBitcoinNews report [LiveBitcoinNews report](https://www.livebitcoinnews.com/crypto-news-hyperliquid-to-launch-hip-3-upgrade-for-permissionless-perp-markets/) . This move opens up new opportunities in decentralized finance (DeFi) and allows developers more freedom to create markets without central authority approval.In conclusion, the shift in the L1 conversation highlights the strategic importance of blockchain infrastructure. While corporate-controlled L1s have significant advantages, permissionless builders can compete by focusing on innovation and censorship resistance. The crypto market is evolving, and the landscape is becoming more complex, but it also presents new opportunities for those who can adapt and compete on different vectors. Get Newsletter with EmailContinue with Google ### Or continue with others ### Comments Add a public comment... Post No comments yet Disclaimer: Content on this platform is developed through a collaborative process where our editorial team utilizes advanced artificial intelligence to assist in research and drafting. To ensure quality, accuracy, and adherence to our editorial standards, every article undergoes a thorough review and editing process by human editors prior to publication. While we strive for the highest standards of accuracy, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your responsibility to independently verify any information before acting upon it. Ainvest Fintech Inc expressly disclaims all liability for any loss or damage arising from the use of or reliance on the content provided. 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# 集成式全能流动性枢纽 Honeypot Finance 宣布完成新一轮融资，Mask Network 等参投 2025-10-19 09:42:27 收藏 分享至 微信扫码 ChainCatcher 消息，据 The Defiant 报道，集成式全能流动性枢纽 Honeypot Finance 宣布以 3,500 万美元估值完成新一轮融资，本轮融资参投方包括 Mask Network、CatcherVC 与 Credit Scend 等，具体融资金额暂未披露。 本轮融资将主要用于推进 AMM 永续合约 DEX（Perpetual DEX） 的研发与部署。该产品作为 Honeypot 现有 DeFi 基础设施的重要补充，旨在解决传统订单簿永续合约交易所的结构性瓶颈，并进一步完善 Honeypot 的全链流动性体系。 Honeypot Finance 表示，此次融资将帮助团队加速产品矩阵整合与生态扩展，构建更具可持续性的资产结算与动态管理机制，为机构级 DeFi 流动性提供全新的基础设施支撑。 [(来源链接)](https://thedefiant.io/news/press-releases/integrated-liquidity-hub-honeypot-finance-secures-new-funding-round-with-participation-from-mask-network-and-others) 风险提示 关联标签 [Honeypot Finance](https://www.chaincatcher.com/tags/Honeypot%20Finance) [Mask Network](https://www.chaincatcher.com/tags/Mask%20Network) [投融资](https://www.chaincatcher.com/tags/%E6%8A%95%E8%9E%8D%E8%B5%84) 链捕手ChainCatcher提醒，请广大读者理性看待区块链，切实提高风险意识，警惕各类虚拟代币发行与炒作， 站内所有内容仅系市场信息或相关方观点，不构成任何形式投资建议。如发现站内内容含敏感信息，可点击 [“举报”](https://support.qq.com/products/348386)，我们会及时处理。 相关阅读 [AI+Web3 招聘平台 TradeTalent 完成 800 万美元融资，Allied Gaming & Entertainment 与 Hicop 领投\ \ 2025-10-19 12:09](https://www.chaincatcher.com/article/2213612) [基于 SUI 的动态流动性层 Ferra 完成 200 万美元 Pre-Seed 融资，Comma3 Ventures 领投\ \ 2025-10-13 22:54](https://www.chaincatcher.com/article/2212194) [多链质押平台 Cryptomesh 完成 250 万美元 A 轮融资\ \ 2025-10-12 17:58](https://www.chaincatcher.com/article/2211975) [MEXC Ventures 对 Ethena 的投资额提升至 6600 万美元\ \ 2025-10-01 11:08](https://www.chaincatcher.com/article/2209752) 关联标签 [Honeypot Finance](https://www.chaincatcher.com/tags/Honeypot%20Finance) [Mask Network](https://www.chaincatcher.com/tags/Mask%20Network) [投融资](https://www.chaincatcher.com/tags/%E6%8A%95%E8%9E%8D%E8%B5%84) 提及项目 [**Honeypot Finance** Berachain 上的 DeFi 中心](https://www.rootdata.com/zh/Projects/detail/Honeypot%20Finance?k=MTE0MTY=) ChainCatcher与创新者共建Web3世界 打开App
achocafe - [HOME](https://achocafe.thebase.in) - [ABOUT](https://achocafe.thebase.in/about) - CATEGORY - [CONTACT](https://thebase.com/inquiry/achocafe) - [・プライバシーポリシー](https://achocafe.thebase.in/privacy) - [・特定商取引法に基づく表記](https://achocafe.thebase.in/law) - [ハロウィーン限定3本ギフト チョコレートバー\ \ ¥1,458\ \ SOLD OUT\ \ 10月いっぱいまで限定製造するパンプキンチョコバー3本入りです（同じお味が3本）。\ かぼちゃクッキーをベースに、かぼちゃ味のトフィーとミルキーなホワイトチョコが相性抜群です。\ ※巻紙が2種あるので、グレー2ブルー１もしくは、\ ブルー2グレー１のどちらかランダムになります。\ \[賞味期限\] 11/9\ \[アレルゲン］卵 乳 小麦 くるみ アーモンド \ お渡し用の袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますの\ で、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/120400320) - [チョコレートバー3本ギフトA 10月～3月限定商品 \ \ ¥1,458\ \ SOLD OUT\ \ カラフルな見た目とフレーバーが楽しい、チョコレートバーです。\ 上面はチョコレート、中層にはナッツ、下層はココアクッキー。3層のバランスが味わい深く口の中で広がります。季節限定商品ですので冬の贈り物にぜひどうぞ。\ ●マーブルバー●ホワイトラズベリーバー●クッキー＆キャラメルバー（各1本入り）\ \[賞味期限\] 11/4\ \[アレルゲン］卵 乳 小麦 くるみ アーモンド \ お渡し用の袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4867497) - [チョコレートバー3本ギフトB 10月～3月限定商品 \ \ ¥1,458\ \ SOLD OUT\ \ カラフルな見た目とフレーバーが楽しい、チョコレートバーです。\ 上面はチョコレート、中層にはナッツ、下層はココアクッキー。3層のバランスが味わい深く口の中で広がります。季節限定商品ですので冬の贈り物にぜひどうぞ。\ ●ラムレーズンバー●リッチオレンジバー●グリーンティーバー（各1本入り）\ \[賞味期限\] 11/4\ \[アレルゲン］卵 乳 小麦 くるみ アーモンド オレンジ \ お渡し用の袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/13464195) - [チョコレートバー6本ギフト 10月～3月限定商品 \ \ ¥2,754\ \ SOLD OUT\ \ カラフルな見た目とフレーバーが楽しい、チョコレートバー6本ギフトです。\ 上面はチョコレート、中層にはナッツ、下層はココアクッキー。3層のバランスが味わい深く口の中で広がります。季節限定商品ですので冬の贈り物にぜひどうぞ。\ ●マーブルバー●ホワイトラズベリーバー●グリーンティーバー\ ●クッキー＆キャラメルバー●ラムレーズンバー●リッチオレンジバー（各1本入り）\ \[賞味期限\] 11/4\ \[アレルゲン］卵 乳 小麦 くるみ アーモンド オレンジ\ お渡し用のギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります） 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4867538) - [チョコレートバー12本ギフト 10月～3月限定商品 \ \ ¥5,681\ \ SOLD OUT\ \ カラフルな見た目とフレーバーが楽しい、チョコレートバー12本ギフトです。\ 上面はチョコレート、中層にはナッツ、下層はココアクッキー。3層のバランスが味わい深く口の中で広がります。季節限定商品ですので冬の贈り物にぜひどうぞ。\ ●マーブルバーｘ2 ●ホワイトラズベリーバーｘ2 \ ●グリーンティーバーｘ2 ●クッキー＆キャラメルバーｘ2 \ ●ラムレーズンバーｘ2 ●リッチオレンジバーｘ2\ \[賞味期限\] 11/4\ \[アレルゲン］卵 乳 小麦 くるみ アーモンド オレンジ\ オリジナルＢＯＸにお詰めしてギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、 即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4867624) - [チョコレートバー24本ギフト 10月～3月限定商品 \ \ ¥10,865\ \ SOLD OUT\ \ カラフルな見た目とフレーバーが楽しい、チョコレートバー24本ギフトです。\ 上面はチョコレート、中層にはナッツ、下層はココアクッキー。3層のバランスが味わい深く口の中で広がります。季節限定商品ですので冬の贈り物にぜひどうぞ。\ ●マーブルバーｘ4 ●ホワイトラズベリーバーｘ4 \ ●グリーンティーバーｘ4 ●クッキー＆キャラメルバーｘ4 \ ●ラムレーズンバーｘ4 ●リッチオレンジバーｘ4\ \[賞味期限\] 11/4\ \[アレルゲン］卵 乳 小麦 くるみ アーモンド オレンジ\ オリジナルＢＯＸにお詰めしてギフト袋が付きます。\ ギフト袋には斜めに入ります。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4867737) - [スコーン各種\ \ ¥367\ \ SOLD OUT\ \ 生地にはそれぞれのフレーバーを入れてホロホロ感をだしたスコーンです。\ 季節限定もございます。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[内容量\] 48ｇ\ \[アレルゲン\] 卵 乳 小麦 アーモンド くるみ\ バナナ （バナナチョコスコーンに限る）\ オレンジ（オレンジチャイスコーンに限る）\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/91316644) - [スノーボールクッキー各種\ \ ¥724\ \ SOLD OUT\ \ 粉糖をまとったサクサク食感。定番のスノーボールクッキーです。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[内容量\] 10粒\ \[アレルゲン\] 小麦 アーモンド くるみ\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/91417282) - [マドレーヌ各種\ \ ¥346\ \ SOLD OUT\ \ バターをたっぷり使い、しっとり焼き上げました。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[内容量\] 30ｇ\ \[アレルゲン\] 卵 乳 小麦 アーモンド \ オレンジ（オレンジマドレーヌに限る）\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/91417295) - [パウンドケーキ各種\ \ ¥421\ \ SOLD OUT\ \ 季節によって入れ替わる味をお楽しみ下さい。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[内容量\] 70ｇ\ \[アレルゲン\] 卵 乳 小麦 アーモンド\ くるみ（キャラメルケーキに限る）\ バナナ（バナナケーキに限る）\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/91426983) - [ビスコッティ\ \ ¥637\ \ SOLD OUT\ \ ビスコッティとイチゴメレンゲのお菓子。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[内容量\] 55ｇ\ \[アレルゲン\] 卵 乳 小麦 オレンジ りんご アーモンド \ くるみ\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/91417299) - [いちじくジャム\ \ ¥972\ \ SOLD OUT\ \ いちじくジャム\ \[賞味期限\] 2025/3/11\ \[内容量\] 150ｇ\ 今年とれた果実を使い仕上げます。\ ペクチンなどの増粘剤は一切使用しておりません。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/104331476) - [イチジクジャムと焼き菓子のギフト・S\ \ ¥2,916\ \ SOLD OUT\ \ 季節のジャムと焼き菓子を詰め合わせました。\ 季節のジャムはその年の果物を数量限定で製造しています。\ ●イチジクジャム ●メイプルソルトスコーン \ ●キャラメルケーキ ●チョコロック・かぼちゃ味\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 くるみ アーモンド\ ギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/33637361) - [バナナブレッドGIFT\ \ ¥1,566\ \ SOLD OUT\ \ バナナの甘い香りにクランブルがアクセント。バニラアイスやホイップクリームを添えても良いと思います。軽めに仕上げたので朝食にもおススメです。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 小麦 バナナ アーモンド\ ギフト袋が付きます。箱の掛け紙デザインは変わる場合があります。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、\ 即日もしくは翌日の発送でお届けになります。（営業日に限ります）\ 時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4867745) - [キャラメルケーキGIFT （季節限定商品）\ \ ¥1,566\ \ SOLD OUT\ \ ビターなキャラメルを練りこみ焼き上げた季節限定のケーキです。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 アーモンド くるみ\ ギフト袋が付きます。箱の掛け紙デザインは変わる場合があります。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/33635865) - [THE COOKIES\ \ ¥2,851\ \ SOLD OUT\ \ スタンダードバタークッキー2枚入りｘ5（10枚）入ったギフトです。\ 香ばしいバターの香りとサクサクとした食感が楽しめる"THE COOKIES"。口に入れた瞬間に広がる味わいは、シンプルながら他のクッキーにはない美味しさです。\ 専用パッケージに入った"THE COOKIES"、大切な人への贈り物にぜひどうぞ。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 \ オリジナルBOXにお詰めしてギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、 即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/79209972) - [THE COOKIES 小\ \ ¥1,145\ \ SOLD OUT\ \ スタンダードバタークッキー2枚入りｘ2（4枚）入ったギフトです。\ 香ばしいバターの香りとサクサクとした食感が楽しめる"THE COOKIES"。口に入れた瞬間に広がる味わいは、シンプルながら他のクッキーにはない美味しさです。\ 専用パッケージに入った"THE COOKIES"、大切な人への贈り物にぜひどうぞ。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 \ お渡し用の袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、 即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/92837982) - [スコーン6種のギフト\ \ ¥2,700\ \ SOLD OUT\ \ ほろほろ食感タイプのスコーン。\ いちごミルク、アプリコット、バナナチョコ、ロイヤルティー、メイプルソルト、かぼちゃの6種を詰め合わせたギフトです。\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 くるみ バナナ\ オリジナルBOXにお詰めしてギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4862831) - [タルト3種のギフト\ \ ¥3,024\ \ SOLD OUT\ \ タルトの3種のギフトセットです。しっとりとした食感と濃厚なチョコレートの風味が楽しめます。 レモンタルト、コーヒータルト、アーモンドタルトの3種類が入っていて、様々な味わいをお楽しみいただけます。贈り物や特別な日のおもてなしに、ぜひご利用ください。\ ●コーヒータルトｘ2 ●レモンタルトｘ2 ●アーモンドタルトｘ2\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 アーモンド\ オリジナルＢＯＸにお詰めしてギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/13463695) - [マドレーヌギフト8ヶ入り\ \ ¥3,262\ \ SOLD OUT\ \ バターを多めに使ってしっとり仕上げたマドレーヌ8ヶの詰め合わせです。\ 3種の味わいをお楽しみ下さい。\ ●オレンジマドレーヌｘ3 ●ロイヤルティーマドレーヌｘ3 ●ピスタチオマドレーヌｘ2\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 オレンジ アーモンド\ オリジナルＢＯＸにお詰めしてギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/91689784) - [マドレーヌギフト16ヶ入り\ \ ¥6,026\ \ SOLD OUT\ \ バターを多めに使ってしっとり仕上げたマドレーヌ16ヶの詰め合わせです。\ 3種の味わいをお楽しみ下さい。\ ●オレンジマドレーヌｘ5 ●ロイヤルティーマドレーヌｘ6 ●ピスタチオマドレーヌｘ5 \ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 オレンジ アーモンド\ オリジナルＢＯＸにお詰めしてギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4867274) - [スコーン＆マドレーヌギフト\ \ ¥4,774\ \ SOLD OUT\ \ ふんわりとした口当たりが魅力のマドレーヌと、サクホロッとした食感が楽しいスコーンの詰め合わせ。様々なフレーバーを楽しむことができ、ティータイムやおやつにぴったりです。ご自宅用はもちろん、ギフトとしても喜ばれます。\ （スコーン各1個）\ ●いちごミルク ●かぼちゃ ●バナナチョコ\ ●ロイヤルティー ●メイプルソルト ●アプリコット\ （マドレーヌ）\ ●オレンジｘ2 ●ロイヤルティーｘ2 ●ピスタチオｘ2\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 オレンジ アーモンド くるみ\ オリジナルＢＯＸにお詰めしてギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/51492299) - [焼き菓子の詰め合わせ 小\ \ ¥2,635\ \ SOLD OUT\ \ クッキーやスコーン、マドレーヌなど色々なお菓子を詰め合わせた\ 見た目にも賑やかなギフトです。\ ●カプチーノクッキー●マドレーヌオレンジ\ ●いちごミルクスコーン●レモンタルト●チョコロックアーモンド\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 アーモンド オレンジ くるみ\ オリジナルＢＯＸにお詰めして、ギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/24583141) - [焼き菓子の詰め合わせA\ \ ¥4,018\ \ SOLD OUT\ \ クッキーやスコーン、パウンドケーキなど見た目にも賑やかなお菓子の詰め合わせギフトです。\ ●スノーボールクッキー●マドレーヌオレンジ●マドレーヌピスタチオ\ ●いちごミルクスコーン●ビスキュイクロッカン（ラムレーズン味）\ ●バナナブレッド●カプチーノクッキー●ココアナッツクッキー\ \[賞味期限\] 商品到着日含め10日 製造日により10日以上の場合があります。\ \[アレルゲン\] 卵 乳 小麦 バナナ アーモンド くるみ オレンジ \ オリジナルＢＯＸにお詰めして、ギフト袋が付きます。\ ※納品書及び、領収書が必要な場合は備考欄でお知らせ下さいませ。\ (配送について)\ ・上記緑色で記載の最短お届け日は日時指定のある場合です。日にち指定がない場合は、即日もしくは翌日の発送でお届けになります。（営業日に限ります）時間指定はできますので、備考欄にてお知らせください。\ ・沖縄、離島への発送は日時指定を受け付けておりませんのでご了承くださいませ。\ ・天候や運送会社の事故等による配送遅れ、破損につきましては当店では責任を負いかねますので、あらかじめご了承くださいませ。\ （ご注文確認メールについて。店舗休業日の場合は翌営業日）\ ご注文を頂いた場合、当店からの返信は必ず行います。\ 承諾メールが届かない場合は、お客様のメール設定もしくはメールアドレスのお間違いがないかご確認くださいませ。](https://achocafe.thebase.in/items/4862948) もっと見る - 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# Binance Launches $1 Billion ZEROBASE (ZBT) Airdrop and Listing, Trading Opens October 17 By [Isabella Flores](https://www.cryptoninjas.net/authors/isabella-flores/) October 19, 2025 - 3min read **Key Takeaways:** - Binance lists **ZEROBASE (ZBT)** as its 54th HODLer Airdrop project, launching on October 17, 2025. - Over 15 million ZBT tokens will be distributed to eligible BNB holders before spot trading opens. - Trading pairs will include ZBT/USDT, ZBT/USDC, ZBT/BNB, ZBT/FDUSD, and ZBT/TRY, with a zero listing fee. Binance has officially [introduced](https://www.binance.com/en/support/announcement/detail/a6d3aaf1f6af443fb99386104551f5ad) **ZEROBASE (ZBT)**, the 54th project under its HODLer Airdrop program, marking another major step in the platform’s strategy to reward long-term BNB holders and boost participation in on-chain yield activities. The announcement, released on **October 17, 2025**, outlines both the airdrop and trading details for the new token, positioning ZBT as one of the most anticipated listings of the month among Binance’s millions of users. _**Read More: [Binance to List Enso (ENSO) After $1.75M Airdrop, New Cross-Chain Network Links Web2 & Web3](https://www.cryptoninjas.net/news/binance-to-list-enso-enso-after-1-75m-airdrop-new-cross-chain-network-links-web2-web3/)**_ ## What Is ZEROBASE (ZBT)? ZEROBASE (ZBT) is a prover network designed to enable verifiable computation and zero-knowledge (ZK) on-chain yield. The project focuses on enhancing blockchain scalability and privacy through ZK technology, an area increasingly prioritized across the crypto ecosystem. Built on BNB Smart Chain, Ethereum, and Base networks, ZBT aims to provide developers and enterprises with verifiable computation frameworks while maintaining high performance and transparency. By operating across multiple blockchains, the network is expected to expand interoperability and lower transaction costs, a major technical goal for next-generation decentralized systems. At launch, ZBT will have a maximum token supply of 1 billion, with an initial circulating supply of 220 million tokens representing 22% of total supply. ## HODLer Airdrop: 15 million ZBT Rewards ### How It Works The ZBT airdrop is part of Binance’s HODLer Airdrops initiative, which rewards users who commit their **BNB holdings** through **Simple Earn** (Flexible or Locked) and **On-Chain Yields** products. Users who subscribed to their BNB between October 11, 2025, 00:00 (UTC) and October 13, 2025, 23:59 (UTC) automatically qualified for the airdrop. Binance will distribute 15 million ZBT, equivalent to 1.5% of total supply to eligible users. The airdropped tokens will appear in users’ Spot Accounts at least one hour before trading begins, and distribution data will be available within 24 hours of the official announcement. Such a retroactive reward system will help BNB holders receive a reward not on short-term trading but on holding and staking. _**Read More: [Binance Unveils Its 50th HODLer Airdrop with the Giving Away of 32.5 Million WAL](https://www.cryptoninjas.net/news/binance-unveils-its-50th-hodler-airdrop-with-the-giving-away-of-32-5-million-wal/)**_ ### Listing Details and Market Impact On October 17, 2025, at 13:00 UTC, Binance will open new trading pairs (ZBT/USDT, ZBT/USDC, ZBT/BNB, ZBT/FDUSD, ZBT/TRY) and list ZEROBASE (ZBT). The deposits were launched two hours before the live trading, at 11.00 UTC, to allow traders to be ready. The zero listing fee will be part of continuous support of Binance to innovative blockchain projects. A Seed Tag will be placed on ZBT, which will mean that it is a high potential and early-level asset accessible to advanced users who know about token volatility. The decision will see the company attracts high trading volumes upon the reopening of markets following the trend of strategic listing introduced by Binance. As the crypto market rebounds after several months of stagnation, the launch of ZBT might spark new interest in zero-knowledge infrastructure projects, which remain a venture that draws funding in 2025. ## Beyond the Airdrop: Strategic Distribution and Marketing There was also 15 million ZBT airdrop on top of the 15 million airdrop and 10 million ZBT rewarded after the listing, and 15 million ZBT given out six months later to promote it. This coordinated set of releases will ensure liquidity and community interaction in the long run without the blistering inflation that is typical of early token sales. It is also an indication that Binance is willing to support ZBT during its second hype cycle, which would push long-term demand. The airdrop design resembles the strategy applied in previous Binance listings LayerZero (ZRO) and Ethena (ENA), both of which incentivized ecosystem users to have performed prior activity. This is seen by analysts as a long-term gambit by Binance to further lock in loyalty of BNB owners and create a momentum of its Simple Earn and On-Chain Yields products. ### Eligibility and Restrictions The HODLer Airdrops program is open to KYC and must be in qualified jurisdictions. Binance has made it clear that they cannot accept users in the U.S, Canada, Japan, the U.K and Australia and some of the restricted areas. BNB tokens used as collateral in Binance Loans (Flexible Rate) products are not counted in the calculator of rewards. Boost Juice is however supported to be eligible on staked Lista BNB (slisBNB) and slisBNB Non-Transferable Receipts (slisBNBx) in Binance Wallet. Isabella **Flores** **Blockchain Adoption Reporter** Isabella specializes in tracking how blockchain technology is transforming industries worldwide. She previously worked as a business analyst for a fintech startup before pivoting to journalism. Her pieces explore the real-world applications of blockchain, from supply chain to healthcare. Isabella is passionate about highlighting underrepresented use cases in the crypto space. 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# QuBitDEX 创始人 KY 专访：如何用 AI 与自研 Layer-1 重塑 Perp DEX 架构 **Summary:** 本文深入探讨 QuBitDEX 如何通过自研 L1、AI 赋能及顶尖的“金融x技术”融合团队，构建兼具 CEX 效率与 DEX 安全的全新交易范式，为早期生态贡献者创造长期价值。 [ME](https://www.chaincatcher.com/specialt/4354) 2025-10-18 23:39:54 收藏 本文深入探讨 QuBitDEX 如何通过自研 L1、AI 赋能及顶尖的“金融x技术”融合团队，构建兼具 CEX 效率与 DEX 安全的全新交易范式，为早期生态贡献者创造长期价值。 分享至 微信扫码 **编辑：** **ME** **、Melody Tsai** USDT早期架构师、攻读清华大学计算机博士的KY，在亲历多个行业周期后选择创立QuBitDEX，旨在解决行业最核心的资产主权问题。他认为DEX的下一阶段，竞争关键在于“智慧”与“生态”。本文深入探讨QuBitDEX如何通过自研L1、AI赋能及顶尖的“金融x技术”融合团队，构建兼具CEX效率与DEX安全的全新交易范式，为早期生态贡献者创造长期价值。 # **世界观与市场选择：看见“零和”之外的无限游戏** **ME** **：** 您在加密行业拥有丰富的经验，但始终保持着低调与沉稳的风格。您曾提到“水利万物而不争”的经营理念，这与加密行业中盛行的“鲨鱼”文化似乎形成了鲜明对比。在一个普遍追求竞争与胜出的行业环境中，您为何选择了一条与众不同的道路？这一选择的背后，有怎样的战略考量？ **KY：** 谢谢你，这是一个很好的观察，也问到了我创业的原点。我认为，成为“鲨鱼”是在玩一场 **“有限游戏”**，本质是零和博弈，永远在存量市场中寻找对手和猎物。而我们选择的，是一场 **“无限游戏”**。我们不把任何人当成敌人，而是致力于去构建一个能让所有参与者共同成长的 **“环境”**。 很多投资人朋友会问我，DEX市场是不是一片红海。我的看法是，如果目标只是成为另一条更强壮的“鲨鱼”，那无疑是一片红海。但我们看到了一个完全不同的机会：旧有的中心化市场，无论多么庞大，都有一个根本性的缺陷，即“所有权与知情权的错配”。FTX事件暴露了这个问题，一场不可逆转的 **“资产主权大迁徙”** 已经开始。 所以，我们选择“成就”用户，而不是“获取”用户。我们的目标，是去承载这股巨大的迁徙浪潮，为这个新大陆构建最基础、最可靠的金融基础设施。当我们思考如何“成就”用户时，我们看到的就再也不是红海，而是一片生机勃勃的蓝海。 # **技术哲学：为何必须走自研L1之路？** **ME** **：** 我理解您的哲学。但这引出了我的下一个问题。为了构建这个基础设施，我看到你们选择了自研L1这条最艰难的路，而不是在现成的L2上走捷径。在一个追求效率和速度的时代，这种坚持的商业逻辑是什么？ **KY：** 我认为这并非“笨拙”，而是 **“诚实”**——向第一性原理诚实。在现有L2上构建DEX，就像是在别人已经打好的、用途不明的地基上盖楼。也许能很快建起来，但你永远不知道这个地基的承载极限在哪里，它的底层规则不为你所掌控。 而我们团队的基因，恰恰决定了我们必须选择这条“诚实”的路。我们的技术负责人是上百家交易所的系统供应商，我们的金融负责人拥有近二十年的量化风控经验，我自己也深度参与过Tether的早期建设。这段经历让我们对系统的“脆弱性”有深刻的认知。我们深知，任何建立在“捷径”之上的系统，都可能在未来的某场风暴中，付出沉重的代价。 所以，我们选择自研L1，就是在为我们的“金融大厦”，挖掘属于它自己的、最坚实的基岩。我们从零开始定义它的共识、安全模型和隐私层。是的，这很慢。但换来的是我们对这个系统的 **确定性**。在这个充满不确定性的世界里，“确定性”才是最稀缺、最宝贵的资产。 # **平台价值观：构建公平“天平”，而非贩卖加速“武器”** **ME** **：** 我们聊了您的哲学和技术路径。很多平台都在提‘赋能’用户，但实际做的更像是提供更锋利的‘武器’，让用户在残酷的战场上厮杀。在您看来，一个平台真正的责任，是应该提供武器，还是努力去构建一个更公平的‘天平’？ **KY：** 这个问题直指平台的‘初心’。提供武器，是在加剧‘军备竞赛’，最终会创造一个赢家通吃的‘非对称战场’。而我们想做的，是构建一个 **‘对称的竞技场’**，努力消除信息、权力和工具的不对称。我们递给用户的，不是武器，而是 **‘知情权’** 和 **‘选择权’**。 • 我们的L1是 **完全透明的**，这是在构建‘规则的天平’。 • 我们深度整合AI，不是为了让少数顶尖量化团队变得更强，而是想把机构级的‘智慧’，赋能给 **每一个普通用户**，这是在构建‘工具的天平’。 • 我们的‘贡献证明’，是在奖励那些 **真正为生态做出贡献的人**，而不仅仅是资金雄厚的人，这是在构建‘价值的天平’。 一个伟大的平台，其成功不应取决于用户的成败，而应取决于它所创造的环境的公平和繁荣程度。这种基于‘公平’所凝聚的社区信任，是任何营销补贴都换不来的。 # **核心壁垒：在Perp DEX的战争中，“视野”胜于“速度”** **ME** **：** 您提到“智慧”，确实发人深省。目前，许多DEX平台都在追求更快的交易速度，这似乎是一场围绕“速度”的竞赛。然而，如果交易的本质是一场基于信息不对称的博弈，关键在于谁能更早发现机会与风险，那么在您看来，决定胜负的核心是“速度”还是“视野”？ **KY：** 毫无疑问，是 **‘视野’。** 当毫秒级的延迟成为标配时，‘速度’的边际效益正在递减，而‘智慧’——也就是‘视野’的价值，正在指数级增长。 我们的正在投入的AI引擎，就是在为每一位用户，提供更先进的决策辅助系统。 • 它能扫描整个市场的链上数据，让你‘看见’巨鲸的动向。 • 它能分析历史数据，让你‘看见’哪些路径是坦途，哪些是陷阱。 • 它甚至能根据你的个人风格，为你规划最优的‘行进路线’。 当其他平台还在给用户更快的执行工具时，我们希望给用户一个 **拥有全局视角的实时决策系统**。而这个‘智慧’的护城河，是具备复利效应的。处理的交易越多，我们的AI就越聪明，能提供的‘视野’就越清晰，从而吸引更多交易，形成一个对手无法复制的‘数据飞轮’。我们相信，用‘智慧’去武装用户，才是对用户最根本的赋能，也是这场战争的终局。 # **未来展望：从顶级交易工具，到开放金融的底层“语言”** **ME** **：** 从战略到技术，再到核心竞争力，您描绘了一个宏大的蓝图。关于交易平台的终极形态，您认为它除了要成为一个高效的交易工具，更高更远的追求是什么？QuBitDEX的长期愿景是什么？ **KY：** 一把完美的工具，是我们的起点，也是我们对所有用户的基本承诺。我们的L1、我们的AI引擎，所有这些坚持，都是为了确保我们正在打造的，是这个时代最锋利、最可靠的交易工具。 但是，一个工具，无论多么完美，它的价值都受限于使用者的想象力。而我们真正的雄心，是让QuBitDEX超越‘工具’的范畴，成为一种新的‘语言’ (Language)。 解释一下：英语是一种语言，掌握它之后，你可以用它创造出无穷无尽的新事物。一种语言，是一个开放的、具备‘生成性’的创造协议。 我们希望QuBitDEX最终成为链上价值交换的‘通用语言’。 • 当一个开发者想构建一个全新的金融dApp时，他会自然地选择用我们的‘语法’（L1和API），因为这最高效、最安全。 • 当一个交易员想表达一个复杂的交易‘思想’时，他会使用我们的‘词汇’（AI信号和策略市场），因为这最精准、最智能。 • 当一种新的资产（比如RWA）想要被全球流动性‘理解’时，它需要被‘翻译’成我们的协议。 所以，我们的目标不仅仅是成为‘全球最大的交易平台’。这个‘最大’，不是靠交易量去衡量的，而是靠 **‘生态的繁荣度’** 去定义的。当QuBitDEX成为下一代开放金融世界里，所有人都默认使用的底层‘语言’时，我们自然就成为了那个‘最大’的加密货币交易平台。 # **资本哲学：寻找穿越周期的“智慧资本”** **ME** **：** **最后，我想代表关注这一领域的投资者提出一个问题：对于QuBitDEX的未来，您希望与怎样的资本合作伙伴携手？您对潜在的“资本合伙人”有怎样的期待？** **KY：** 谢谢。这是一个很重要的问题，因为‘与谁同行’，决定了我们能走多远。我们寻找的，不是‘聪明的钱’，而是 **‘智慧的资本’**。这两者之间，有根本的不同。 ‘聪明的钱’，也许能看到短期的回报和增长曲线。而‘智慧的资本’，它首先能理解我们正在做的事情的 **‘战略意义’**。它能看懂，交易平台为何是‘兵家必争之地’；它能认同，我们构建的不仅仅是一个会赚钱的生意，更是在定义下一代金融的‘秩序’和‘入口’。这份对‘终局’的共识，是所有合作的起点。 其次，这是一种彼此的尊重与成就。我们团队将以‘工匠精神’，全身心地投入到产品的极致打磨中。我们也由衷地希望，我们的伙伴，能带来他们最顶尖的战略资源与全球视野，在每一个关键的战略节点上，能够相互启发、彼此赋能。 最后，也是最重要的，是穿越周期的 **‘定力’**。创业之路，绝不会一帆风顺。我们希望我们的同路人，在市场喧嚣时，能与我们一同保持冷静；在无人问津时，依然相信我们共同选择的远方。 所以，QuBitDEX的列车已经发车，并且拥有强大的自我驱动力。我们提供的，不仅仅是一份财务回报，更是一个共同定义下一代金融基础设施、并分享其最核心价值成果的历史机遇。我们随时欢迎这样的朋友，一起走一段很长的路。 链捕手ChainCatcher提醒，请广大读者理性看待区块链，切实提高风险意识，警惕各类虚拟代币发行与炒作， 站内所有内容仅系市场信息或相关方观点，不构成任何形式投资建议。如发现站内内容含敏感信息，可点击 [“举报”](https://support.qq.com/products/348386)，我们会及时处理。 风险提示 [**ME** Meta Era 是一家总部位于香港、全球领先的媒体，致力于推广 Web3.0 技术在亚洲和全球的应用。](https://www.chaincatcher.com/specialt/4354) [「加密概念股高管访谈」从新能源汽车到 Web3 智能平台：Robo.ai 如何借力稳定币重塑中东制造？](https://www.chaincatcher.com/article/2203266) [「加密概念股高管访谈」 新火科技新任 CEO 翁晓奇：新火将引领潮水的方向](https://www.chaincatcher.com/article/2203265) 相关阅读 [对话木头姐 Cathie Wood：Ark 投资三大方向，比特币、以太坊、Solana 是最终选择](https://www.chaincatcher.com/article/2211026) [纽交所为何向 Polymarket 投资 20 亿美元？](https://www.chaincatcher.com/article/2210988) [彭博社：“普林斯顿黑手党”正在掀起加密财库热潮](https://www.chaincatcher.com/article/2208768) ChainCatcher与创新者共建Web3世界 打开App
# Analysis: This round of market has approached the bull-bear boundary three times but has not broken through. The current fair price of BTC is $97,000 2025-10-19 12:19:03 Collection Share Scan with WeChat ChainCatcher message, on-chain analyst Murphy stated that the fair price of Bitcoin is calculated as the historical average of mvrv. If the market's valuation level (mvrv) is at the historical average state, then the price of BTC should be around this level; therefore, the fair price is considered a "mean reversion center." Over the past 10 years in BTC's three previous cycles, the fair price (blue line) has almost acted as the boundary line between bull and bear markets. After the bull market starts, BTC is unlikely to drop below the blue line even if there are pullbacks; whenever value reverts, it triggers strong buying. In this cycle, BTC has been operating above the fair price for nearly 2 years. During this period, there have been 3 instances very close to the blue line: the "good news turns bad" after the ETF approval; the closing of the yen carry trade in August 2024; and the tariff crisis in April 2025. However, it has never dropped below the fair price. Under the foundation of the bull market, BTC returning to the fair price is the best buying point. Currently, the blue line is at $97,000. If traders believe the foundation of the bull market is still intact, then buying when BTC approaches $97,000 would be highly cost-effective. If users believe we have entered a bear market, they can continue to wait for deeper bear moments, perhaps having the opportunity to pick up cheap chips below $55,000. This analysis is for learning and communication purposes only and should not be considered investment advice. [(Source Link)](https://x.com/Murphychen888/status/1979753392466751564) Risk warning Related tags [BTC](https://www.chaincatcher.com/tags/BTC) [fair price](https://www.chaincatcher.com/tags/fair%20price) [bull and bear cycle](https://www.chaincatcher.com/tags/bull%20and%20bear%20cycle) ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly. Related reading [Data: If BTC falls below $102,597, the cumulative long liquidation intensity on mainstream CEX will reach $1.584 billion\ \ 2025-10-19 22:03](https://www.chaincatcher.com/article/2213680) [Data: "The $220 million long whale" has increased its position to $250 million\ \ 2025-10-19 21:03](https://www.chaincatcher.com/article/2213677) [Data: In the past 24 hours, the total liquidation across the network reached 212 million USD, with long positions liquidated at 96.71 million USD and short positions liquidated at 115 million USD\ \ 2025-10-19 21:00](https://www.chaincatcher.com/article/2213676) [Data: The current position of whales on the Hyperliquid platform is 5.524 billion USD, with a long-short position ratio of 0.85\ \ 2025-10-19 21:00](https://www.chaincatcher.com/article/2213675) Related tags [BTC](https://www.chaincatcher.com/tags/BTC) [fair price](https://www.chaincatcher.com/tags/fair%20price) [bull and bear cycle](https://www.chaincatcher.com/tags/bull%20and%20bear%20cycle) ChainCatcherBuilding the Web3 world with innovators Open the app
# Market news: Japan is considering allowing banks to invest in crypto assets 2025-10-19 08:07:40 Collection Share Scan with WeChat ChainCatcher news, according to market news, Japan is considering allowing banks to invest in crypto assets. [(Source Link)](https://finance.sina.com.cn/7x24/2025-10-19/doc-infukqsu6780494.shtml) Risk warning Related tags [Japan](https://www.chaincatcher.com/tags/Japan) [cryptocurrency assets](https://www.chaincatcher.com/tags/cryptocurrency%20assets) [bank](https://www.chaincatcher.com/tags/bank) ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly. Related reading [Sentient Labs launches East Asia tour to introduce open-source AGI to China, Japan, and South Korea\ \ 2025-10-17 19:22](https://www.chaincatcher.com/article/2212921) [Japan will introduce new regulations to prohibit insider trading in cryptocurrencies\ \ 2025-10-15 04:21](https://www.chaincatcher.com/article/2212561) [The Financial Stability Board warns G20 to pay attention to the risks of cryptocurrencies and stablecoins\ \ 2025-10-14 09:11](https://www.chaincatcher.com/article/2212255) [Data: The Binance platform has seen a net inflow of 3.958 billion USD in cryptocurrency assets over the past month, with total assets reaching 21.6782 billion USD\ \ 2025-10-08 14:24](https://www.chaincatcher.com/article/2211001) Related tags [Japan](https://www.chaincatcher.com/tags/Japan) [cryptocurrency assets](https://www.chaincatcher.com/tags/cryptocurrency%20assets) [bank](https://www.chaincatcher.com/tags/bank) ChainCatcherBuilding the Web3 world with innovators Open the app
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Gox repayments due Oct. 31: Will a supply wave hit BTC?](https://cryptoslate.com/mt-gox-repayments-due-oct-31-will-a-supply-wave-hit-btc/) 12 hours ago3 min read [Ethereum](https://cryptoslate.com/news/ethereum/) ## [BitMine boosts Ethereum holdings to 2.5% of total ETH supply in strategic dip-buying spree](https://cryptoslate.com/bitmine-boosts-ethereum-holdings-to-2-5-of-eth-supply-in-strategic-dip-buying-spree/) 9 hours ago2 min read [Stablecoins](https://cryptoslate.com/stablecoins/) ## [Can Visa’s $670B bet on programmable money rewrite global credit?](https://cryptoslate.com/can-visas-670b-bet-on-programmable-money-rewrite-global-credit/) 2 days ago3 min read [ETFs](https://cryptoslate.com/etf/) ## [How crypto-native leverage drove Bitcoin sell-off while ETFs barely flinched](https://cryptoslate.com/how-crypto-native-leverage-drove-bitcoin-sell-off-while-etfs-barely-flinched/) 1 day ago2 min read [Regulation](https://cryptoslate.com/regulation/) ## [Can New York’s new crypto office thaw America’s coldest market?](https://cryptoslate.com/can-new-yorks-new-crypto-office-thaw-americas-coldest-market/) 4 days ago3 min read [Politics](https://cryptoslate.com/politics/) ## [Florida tries Bitcoin again: How $218B pension bill makes BTC a state asset this time](https://cryptoslate.com/floridas-218b-pension-bill-could-make-bitcoin-a-state-asset-and-heres-how/) 2 days ago3 min read [DeFi](https://cryptoslate.com/defi/) ## [Grayscale calls Solana ‘crypto’s financial bazaar’: Does the data back it up?](https://cryptoslate.com/grayscale-calls-solana-cryptos-financial-bazaar-does-the-data-back-it-up/) 15 hours ago6 min read [Web3](https://cryptoslate.com/web3/) ## [PayPal unveils service turning text messages into crypto-friendly payment links](https://cryptoslate.com/paypal-redefines-messaging-with-crypto-and-cash-payment-links/) 1 month ago2 min read [AI](https://cryptoslate.com/ai/) ## [Bitcoin miners just moved $5.6B to exchanges under AI escape plan](https://cryptoslate.com/bitcoin-miners-sell-btc-reserves-and-eye-ai-to-boost-revenues/) 2 days ago4 min read ### Trending Crypto Sectors - [Marketplace (20%)](https://cryptoslate.com/cryptos/marketplace/) - [AI Agents (7%)](https://cryptoslate.com/cryptos/ai-agents/) - [Layer 2 (7%)](https://cryptoslate.com/cryptos/layer-2/) - [Derivatives (6%)](https://cryptoslate.com/cryptos/derivatives/) - [Art (6%)](https://cryptoslate.com/cryptos/art/) - [Virtuals (6%)](https://cryptoslate.com/cryptos/virtuals/) - [DePIN (6%)](https://cryptoslate.com/cryptos/depin/) - [Yield Farming (5%)](https://cryptoslate.com/cryptos/yield-farming/) - [BRC-20 (5%)](https://cryptoslate.com/cryptos/brc20/) - [Energy (5%)](https://cryptoslate.com/cryptos/energy/) Topics - [AI](https://cryptoslate.com/ai/) - [Analysis](https://cryptoslate.com/analysis/) - [Banking](https://cryptoslate.com/banking/) - [CBDCs](https://cryptoslate.com/cbdcs/) - [Crime](https://cryptoslate.com/crime/) - [Culture](https://cryptoslate.com/culture/) - [DAOs](https://cryptoslate.com/daos/) - [DeFi](https://cryptoslate.com/defi/) - [Derivatives](https://cryptoslate.com/derivatives/) - [DEX](https://cryptoslate.com/dex/) - [ETF](https://cryptoslate.com/etf/) - [Exchanges](https://cryptoslate.com/exchanges/) - [Gaming](https://cryptoslate.com/gaming/) - [Governance](https://cryptoslate.com/governance/) - [Hacks](https://cryptoslate.com/hacks/) - [Interviews](https://cryptoslate.com/interviews/) - [Investments](https://cryptoslate.com/investments/) - [Layer2](https://cryptoslate.com/layer2/) - [Legal](https://cryptoslate.com/legal/) - [Lightning](https://cryptoslate.com/lightning/) - [Macro](https://cryptoslate.com/macro/) - [Memecoins](https://cryptoslate.com/memecoins/) - [Mining](https://cryptoslate.com/mining/) - [NFTs](https://cryptoslate.com/nfts/) - [Op-Eds](https://cryptoslate.com/opinion/) - [Partnerships](https://cryptoslate.com/crypto-partnerships/) - [Politics](https://cryptoslate.com/politics/) - [Privacy](https://cryptoslate.com/privacy/) - [Regulation](https://cryptoslate.com/regulation/) - [RWA](https://cryptoslate.com/rwa/) - [Sports](https://cryptoslate.com/sports/) - [Stablecoins](https://cryptoslate.com/stablecoins/) - [Staking](https://cryptoslate.com/staking/) - [Trading](https://cryptoslate.com/trading/) - [Web3](https://cryptoslate.com/web3/) Crypto News [Bitcoin](https://cryptoslate.com/news/bitcoin/) ## [Mt. Gox repayments due Oct. 31: Will a supply wave hit BTC?](https://cryptoslate.com/mt-gox-repayments-due-oct-31-will-a-supply-wave-hit-btc/) 12 hours ago3 min read [Ethereum](https://cryptoslate.com/news/ethereum/) ## [The day $300 trillion appeared and then vanished on Ethereum](https://cryptoslate.com/ethereum-briefly-hosts-300-trillion-pyusd-mint-blunder-by-paxos/) 3 days ago3 min read [Tether](https://cryptoslate.com/news/tether/) ## [How Tether’s $127B in US Treasuries will hit top-5 foreign holders by 2033](https://cryptoslate.com/how-tethers-127b-in-us-treasuries-will-hit-top-5-foreign-holders-by-2033/) 1 week ago5 min read [XRP](https://cryptoslate.com/news/xrp/) ## [How Ripple’s new $1 billion XRP treasury plans to reshape the token’s future](https://cryptoslate.com/understanding-ripples-1-billion-xrp-treasury-plan/) 2 days ago3 min read [Solana](https://cryptoslate.com/news/solana/) ## [Can Solana’s $11.6B staking reboot pull liquidity from Ethereum’s L2s?](https://cryptoslate.com/can-solanas-11-6b-staking-reboot-pull-liquidity-from-ethereums-l2s/) 3 days ago3 min read [Memecoins](https://cryptoslate.com/memecoins/) ## [CZ says Aster’s privacy beats Hyperliquid’s transparent order books](https://cryptoslate.com/cz-says-asters-privacy-beats-hyperliquids-transparent-order-books/) 1 week ago2 min read Press Releases [View All](https://cryptoslate.com/press-releases/) [Submit PR ›](https://cryptoslate.com/advertising/) [**Billionaire Tim Draper Leads $3.2M Seed Round for Ryder to Replace Seed Phrases With TapSafe Recovery** \ \ 19 hours ago](https://cryptoslate.com/press-releases/billionaire-tim-draper-leads-3-2m-seed-round-for-ryder-to-replace-seed-phrases-with-tapsafe-recovery/) [**draftgTrade Launches “Trick or Trade” Halloween Trading Contest on Arbitrum With $400,000 in Rewards** \ \ 2 days ago](https://cryptoslate.com/press-releases/draftgtrade-launches-trick-or-trade-halloween-trading-contest-on-arbitrum-with-400000-in-rewards/) Categories - 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We test the thesis on users, fees, and UX—and the SVM moat using primary datasets. [Gino Matos](https://cryptoslate.com/author/gino-matos/) Oct. 19, 2025 at 12:00 am UTC 6 min read Updated: Oct. 18, 2025 at 8:06 pm UTC Share Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. [Grayscale](https://cryptoslate.com/companies/grayscale-investments/), one of crypto’s largest institutional asset managers, published a [research note](https://research.grayscale.com/reports/solana-cryptos-financial-bazaar) on Oct. 10 calling Solana ( [SOL](https://cryptoslate.com/coins/solana/)) “crypto’s financial bazaar.” This characterization goes well beyond the usual speed-and-throughput pitch. The report positions SOL as the category leader in users, transactions, and fees, arguing that its user experience, architectural moat via the Solana Virtual Machine, and application diversity create a durable foundation for valuation. It’s a significant shift in institutional tone. Grayscale is now giving Solana the same treatment it once reserved for Ethereum as “digital oil.” The thesis matters less for what Grayscale believes than for what it signals. When a major allocator aligned with the traditional finance ecosystem formalizes an investment case around a blockchain that was left for dead after [FTX](https://cryptoslate.com/companies/ftx/) collapsed, other desks take notice. The question is whether the numbers support the narrative, or whether “financial bazaar” is still more metaphor than measurable reality. We stress-tested Grayscale’s claims against primary on-chain data, developer trackers, and technical benchmarks. The direction is right: Solana leads on several key metrics. However, the institutional case carries trade-offs that the report acknowledges only in passing, and a few headline figures deserve closer scrutiny. ## What Grayscale says The report frames Solana as the standout among smart contract platforms on three core fundamentals: users, transaction volume, and fees. Grayscale cites roughly $425 million in monthly ecosystem fees, an annualized run rate above $5 billion, and points to $1.2 trillion in year-to-date DEX volume routed through Raydium and Jupiter. It highlights Jupiter as the largest DEX aggregator by volume in the industry, Pump.fun’s 2 million monthly active users, and Helium’s 1.5 million daily users as proof of application diversity. On the developer side, the report notes more than 1,000 full-time Solana developers and claims the ecosystem has grown faster than any other smart contract platform over the past two years. Speed and cost receive equal billing. Solana produces blocks every 400 milliseconds, with transactions considered final in roughly 12 to 13 seconds. Average transaction fees sit at $0.02, while median daily fees this year have averaged $0.001, one-tenth of one cent, thanks to local fee markets that isolate congestion to specific high-demand applications. A forthcoming upgrade called Alpenglow aims to reduce finality to 100 to 150 milliseconds. Grayscale also draws boundaries. It explicitly states that SOL “may be less suitable as a long-term store of value than [Bitcoin](https://cryptoslate.com/coins/bitcoin/) or [Ethereum](https://cryptoslate.com/coins/ethereum/),” citing higher nominal supply inflation and centralization vectors. The report noted that Solana’s efficiency comes at the cost of comparatively high hardware and bandwidth requirements, with 99% of staked SOL in data centers and roughly 45% concentrated in the top two hosting providers. ## What the numbers show DeFiLlama shows Solana consistently [running around 2.6 million active addresses](https://defillama.com/chain/solana?tvl=false&activeAddresses=true&groupBy=monthly) in the last 24 hours and roughly 67 million on-chain transactions over the same window, in line with 2025’s typical pace. Artemis reporting from mid-2025 highlighted that Solana matched all other layer-1 and layer-2 networks combined on monthly active addresses, corroborating the “category leader” characterization on user count. Regarding fees, the “$425 million per month” figure requires context. Token Terminal’s chain-level fee data for Solana show tens of millions per month in several 2025 periods, around [$30 million to $40 million](https://tokenterminal.com/explorer/projects/solana) in recent months. DeFiLlama shows current daily chain fees around $0.8 million to $1.6 million and app fees around $9 million to $13 million, together implying roughly [$300 million to $450 million](https://defillama.com/chain/solana?tvl=false&activeAddresses=false&groupBy=monthly&chainFees=true&appFees=true) per month at the recent pace, depending on market intensity. Solana generated $7 billion in ecosystem fees over the past 12 months, ranking second behind Ethereum’s $20 billion, per Token Terminal data. Hundreds of millions per month during busy periods is plausible, but $425 million as a steady baseline overstates the run rate. The mix between chain fees and app fees also matters for apples-to-apples comparisons across networks. The report also addressed volumes. DeFiLlama’s chain dashboard shows Solana regularly posting multi-billion-dollar daily DEX volume and more than $40 billion in the last seven days, with multiple recent days topping Ethereum. Weekly, Solana topped Ethereum’s volumes for 33 out of 42 weeks this year. Jupiter currently ranks as the industry’s largest DEX aggregator by 30-day volume, roughly $22.3 billion versus $13 billion to $14 billion for 1inch, supporting Grayscale’s claim. Solana led all chains in DEX volume year-to-date with $1.4 trillion, ahead of Ethereum’s $900 billion and BNB’s $450 billion, per DeFiLlama. For the active developer base, Electric Capital’s live tracker shows Solana with approximately 17,708 total developers as of mid-October 2025, with the full-time developer base up 29.1% year over year and 61.7% over two years. The ecosystem attracted 7,625 new developers in 2024, the most of any chain, and has added more than 11,500 new developers year to date through mid-October 2025. That places Solana second only to Ethereum in active developers, confirming the “large and growing” characterization. Solana attracted 11,500 new developers year-to-date through 2025, up from 7,600 in 2024, while full-time developers rose 62%, per Electric Capital. On finality and speed, Chainspect reports Solana slot time around 0.4 seconds and typical finality at roughly 12.8 seconds today, aligning with Grayscale’s 12- to 13-second claim. Additionally, Helius’ [technical documentation](https://www.helius.dev/blog/solana-local-fee-markets?utm_source=chatgpt.com) on local fee markets explains how Solana sustains high throughput while keeping median user fees in fractions of a cent, even during congestion. The data directionally support the thesis that Solana leads in active users, often leads in DEX flow, hosts the largest aggregator, and ranks second in developers. The fee claim is accurate during hot markets but overstates the steady-state baseline. ## Why institutions are warming up now Institutions are warming to Solana because the user experience is now measurably fast, cheap, and more predictable. Local fee markets keep most congestion and priority fees localized to hot applications, so everyday transactions stay inexpensive even when activity spikes, something custodians and venues value when they batch flows or settle client orders. Chainspect measures roughly 0.4-second block times and 12.8-second finality today, and the Alpenglow upgrade targets sub-second finality, reducing settlement risk windows for market makers and brokers. Reliability has improved since the mainnet halt on Feb. 6, 2024, which lasted about five hours. Yet, data shows stronger uptime and throughput in subsequent months. Liquidity has deepened across both DEX and aggregator rails, which matters for execution and hedging. DeFiLlama shows Solana regularly at or near the top in chain-level DEX volumes. At the same time, Jupiter ranks as the largest DEX aggregator by 30-day volume, giving institutions a single router into pooled liquidity across Raydium, Orca, Meteora, and others. Token Terminal data also shows rising fee capture on Solana’s stack, chain plus apps, a proxy for sustained user demand that supports tighter spreads and deeper books. Post-FTX, the ecosystem has rebuilt credibility and infrastructure. The Artemis report already mentioned suggests that the user base and throughput weren’t just hype cycles. On the product side, a regulated-product pipeline has emerged, with multiple spot SOL exchange-traded funds (ETFs) applications pending before the US government shutdown paused SEC reviews, signaling mainstream issuers’ interest, even if the timing has slipped. Together, user traction and visible institutional wrappers lower the perceived idiosyncratic risk that kept some desks sidelined in 2023. ## The structural trade-offs Grayscale acknowledges centralization but only in outline. Running a high-quality validator still assumes server-class hardware, 12-plus cores, AVX2/512 instruction sets, NVMe arrays, and 256GB-plus RAM, which raises the barrier to entry and pushes operators toward data centers. Solana’s effective decentralization, measured by the Nakamoto coefficient, stood at 20 as of Apr. 16, 2025, down from a higher peak, meaning fewer entities would need to collude to censor transactions than in periods when the coefficient was larger. Client diversity remains in transition. The Agave and Jito clients still dominate Solana, while Firedancer is progressing but has only run in limited or non-voting configurations, with full rollout targeted for 2025. Until Firedancer and other clients are widely adopted, single-client risk persists. Store-of-value headwinds stem from issuance and fee policy. The current annual issuance ranges from 4% to 5%, with a disinflationary path toward a lower long-term target, higher than Bitcoin’s fixed schedule and capable of diluting holders absent offsetting burn. Following SIMD-0096, only 50% of the base fee is burned, and the priority-fee burn has been discontinued, weakening the burn counterweight when activity shifts toward priority fees. High throughput drives large ledgers, frequent snapshots, and upgrade cadence. Recommended setups include multiple high-TBW NVMe devices for accounts, ledgers, and snapshots, which raises ongoing operational costs compared to lighter chains. Grayscale’s Solana thesis, which posits that fast, cheap, and sticky applications yield sustainable network value, holds up on the fundamentals that matter most to institutions: active users, transaction throughput, developer pipeline, and liquidity depth. The “financial bazaar” framing is more than marketing, as Solana hosts a diverse and dense on-chain economy that rivals or exceeds its peers on multiple dimensions. Yet, the caveats matter. The $425 million monthly fee figure is a high-water mark, not a baseline. Centralization vectors, centered around hardware requirements, stake concentration, and client diversity, are real, even if they haven’t yet impaired network operations. And the store-of-value limitation Grayscale draws is a deliberate line. SOL is a utility and speculation vehicle, rather than a monetary asset in the sense of Bitcoin or Ethereum. The following milestones to watch are Alpenglow’s finality upgrade and Firedancer’s full deployment. If Solana can deliver sub-second finality while diversifying its client base, the institutional case strengthens. If hardware requirements continue to push validators into data centers and the Nakamoto coefficient drifts lower, the “bazaar” risks becoming a walled garden. 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None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. [SolanaSOL (24h)\ \ $190.436+3.34%](https://cryptoslate.com/coins/solana/) [Vol:$4.13BMCap:$104.16B](https://cryptoslate.com/coins/solana/) Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees. 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