Topics of Crypto World

This article examines the ADL (Auto-Deleveraging) mechanism debate sparked by Hyperliquid and Binance during the October 11 market plunge. It contrasts the two platforms’ approaches in trigger logic, transparency, mechanism design, and execution processes, and explores how risk management philosophies fundamentally differ between decentralized and centralized exchanges.

The9 Limited has unveiled its Web3 gaming platform, The9bit, with plans to build a "Web3 version of Steam" that merges tokenomics, user-generated content, and esports ecosystems. This article reviews The9's strategic transition from crypto mining to gaming, and examines the platform's mechanisms, token architecture, and prospective business models.

Monad is launching an airdrop for roughly 225,000 cryptocurrency community members and 5,500 Monad users. The claim period is open until November 2025. This article explains the six eligibility routes for the airdrop and outlines anti-sybil protocols. It details both on-chain and off-chain qualification standards—including high-frequency trading, DeFi deposits, NFT holdings, and social identity verification. The article also breaks down the claim process and node architecture.

As the launch of Base's native token is imminent, leading ecosystem project Zora has made several strategic moves, notably introducing a livestream feature that has generated market attention. This article examines Zora from four perspectives: product innovation, tokenomics, ecosystem status, and potential risks. It analyzes how Zora is evolving from an NFT platform to the primary platform for the creator economy on Base, and discusses the important role it may play in the forthcoming Base token distribution.

During a $19 billion mass contract liquidation event, several major CEXs that dominate trading volume exposed significant concentration risks inherent to centralized platforms. As a result, market funds rapidly migrated to on-chain platforms, giving perpetual contract DEXs a prime opportunity to showcase their structural advantages. The article examines differences among platforms like Hyperliquid, Grvt, and Aster in maker fee rates, yield on balances, margin returns, and vault investment strategies. This showcases how DEXs become "yield battlegrounds" during liquidation periods.

The article thoroughly examines ENSO's funding history, team structure, and market positioning, giving readers a well-rounded view to assess the project.

The article also proposes technical solutions to improve market structure, emphasizing the importance of maintaining market stability during periods of stress.

Through numerous case studies and a clear vision, this article gives readers a comprehensive look at how AI and blockchain technology reshape the future of digital assets and the financial industry.

The article not only offers profound insights into market cycles but also provides practical action guidelines for token project founders and investors, helping them understand how to build and identify token projects with long-term value.

The article not only analyzes the competitive landscape of the perpetual futures market but also presents the author’s criteria for identifying investment opportunities, emphasizing the importance of tokenholder alignment, product and revenue growth, and token utility.

Gate Research Daily Report: On October 16, Bitcoin continued to weaken, falling 2.24% on increased volume over the past 24 hours. Ethereum is currently trading at $3,981, down 3.17% on higher trading activity in the same period. DEGO, which is incubating BOT3 AI, saw its price surge 18.9% in the past 24 hours. The globally renowned CEX announced it would officially list YGG on October 15, driving the token up 12.7%. Benefiting from ecosystem expansion and catalysts such as the CEX Alpha competition, BLESS soared 503% in a single day. Stablecoin inflows reached $74 billion, providing liquidity support amid market declines, while JustLend DAO’s TVL surpassed $7.82 billion.

This comprehensive analysis highlights the top Perp DEX projects to watch in 2025, featuring Hyperliquid, Avantis, Aster, Paradex, and edgeX. It offers detailed insights into each platform’s funding sources, ecosystem partnerships, and anticipated token launches. The article provides practical strategies for interacting with these platforms, along with step-by-step guides for airdrop participation, enabling readers to capitalize on the next major growth phase in derivatives trading.

This article examines the current state of meme coins on BSC, questioning whether they still embody their core “meme” characteristics. The author argues that exchanges and prominent influencers have propelled the recent surge, creating a manufactured bull market and driving manipulation fueled by trading volume, rather than fostering genuine, community-led cultural assets. The piece also explores potential standards and evaluation frameworks for meme coins’ long-term viability. It discusses the role and risks faced by retail investors in the attention-based economy.

This article presents in-depth interviews with three seasoned Polymarket users, uncovering their arbitrage approaches in prediction markets—including end-of-market sweeping, multi-option probability arbitrage, market making, and news-driven trading. The author further analyzes how these strategies impact liquidity structure, risk management, and technical requirements, while highlighting both the opportunities and constraints faced by typical participants.

This article contends that a16z essentially operates as an integrated "media company and capital platform," distinguished by its ability to systematically scale content production to shape sector narratives through market signaling. It then strategically deploys capital into key areas to drive valuation growth. The article analyzes a16z's "Five-Step Narrative Method," its closed-loop capital mechanism, and its power structure, examining how venture capital firms like a16z leverage content and influence to transform investment models.