A parachain auction, as it is also known, involves two types of crypto coins: Polkadot (DOT) and Kusama (KSM).
1/5/2023, 2:12:09 PM
This article explores the Dutch Auction, an auction method that has been popular since 1887, and its application and evolution in Web3. Originally used in traditional finance and bulk crop trading, Dutch Auctions are now employed in the asset issuance of Web3 projects. Projects like Solana and Yield Guild Games have adopted this method, leading to the development of advanced mechanisms such as liquidity bootstrapping pools and progressive Dutch auctions.
5/29/2024, 7:49:26 AM
This article will introduce the Silk Road incident, the amount of Bitcoin held by the U.S. government, past auction events, and their impact on the market.
2/13/2025, 8:53:29 AM
Parachain auctions are a crucial aspect of the Polkadot ecosystem, allowing projects to secure a slot on the network and access its features. In this process, multiple projects bid for limited slots, making the auction competitive and complex.
4/25/2023, 1:15:13 AM
Ithaca is the first company in the industry to offer over 250 different option strike prices, including standard options, digital options, option strategies, long-term options, and structured products. The platform's unique feature is its auction-based matching engine, which allows for a higher number of trades to be executed from the same volume of orders compared to traditional auction systems. This flexibility helps users manage their risk exposure according to various market conditions.
11/7/2024, 10:14:25 AM
The existence of OEV has resulted in value redistribution among different stakeholders, and API3 claims to use an auction mechanism to make the OEV redistribution as reasonable as possible (allocated through market mechanisms), and try to bring faster and lower-cost price updates.
2/21/2024, 9:34:09 AM
In 2022, NFT remains one of the most popular assets in the crypto market. NFT trading attracts the attention of users from a broad range of industries, even in a bear market.
Although NFTs were often traded at a high price when the market was upward, this industry is thriving at present. In this article, we will review the ten most expensive NFT transactions since their genesis, and understand the crypto projects behind these transactions.
In this article, we tracked NFT sales ranking and auction ranking, and made a list based on the final transaction price of each NFT. The transaction price is based on statistics on various websites over the years, and is given in USD converted from the cryptocurrency used in the transaction. As the price of the cryptocurrency will fluctuate, we use the USD price of the transaction or auction as a reference.
12/13/2022, 10:27:13 AM
Kusama coin (KSM) is the native token of the Kusama Network with on-chain governance capabilities for users. KSM offers a wide range of use cases such as staking, governance, and parachain auction.
1/31/2023, 7:31:23 AM
Dive into the world of Bounce Finance, a revolutionary auction platform built on Bitcoin ecosystem that's transforming digital asset trading. By 2025, Bounce Finance has established itself as a leading auction protocol with its flagship BounceBit BTC (BBTC) reaching $110,442, with $98,325.48 24-hour trading volume and $1.59 billion market cap. The platform offers innovative yield strategies combining Bitcoin basis trading, options writing, and collateral rewards for an impressive >24% total yield. AUCTION token trades at $11.40 with $69.48M market cap, showing 228.2% recovery from its all-time low. Strategic partnerships with BlackRock through BUIDL integration ($2.88B market value) demonstrate Bounce Finance's success in bridging traditional finance with crypto innovation, cementing its position as a crucial infrastructure provider in the maturing Bitcoin ecosystem.
6/17/2025, 10:56:15 AM
This article explores the potential of establishing robust miner extractable value auction infrastructure on Monad, drawing valuable insights from Flashbots on Ethereum and Jito Network on Solana. MEVA plays a crucial role in optimizing block production, mitigating external influences, and enhancing system stability, significantly promoting the resolution of scalability issues and aligning the incentive mechanisms of network participants.
7/11/2024, 2:38:24 PM
This article explores the combination of the Hypurr Fun ecosystem and Hyperliquid. Hyperliquid’s token listing mechanism uses a Dutch auction, where the token price gradually decreases until a successful bid leads to the token being listed on the spot market. Hypurr Fun, acting as a “crowdfunding” platform, allows users to participate in bidding for token listing spots, primarily through its Telegram Bot or web interface.
12/19/2024, 9:35:45 AM
This article explores the core pricing mechanisms of prediction markets, including Continuous Double Auction (CDA) and Logarithmic Market Scoring Rule (LMSR), analyzing how they dynamically adjust to reflect event probabilities. By delving into liquidity and pricing logic, it reveals the unique advantages of prediction markets in probability forecasting. The article also introduces Paradigm’s latest pm-AMM model.
1/7/2025, 1:29:59 AM
Akash Network is a decentralized cloud computing platform built on Cosmos, dedicated to integrating global idle computing resources through a reverse auction mechanism to provide lower-cost, more open cloud services. The platform supports both CPU and GPU computing, catering to scenarios such as AI inference and model training.
4/8/2025, 9:49:51 AM
Term Finance is a fixed-rate lending protocol built on Ethereum. It matches borrowers and lenders through regular auctions (usually every four weeks), with the settlement rate determined by the auction and the quotes provided by both parties. It is similar to peer-to-peer lending.
The project's product logic is coherent, with a focus on fixed rates and interest rate smoothing, providing borrowers and lenders with more favorable rates. However, currently, there is low demand for fixed-rate lending in the market, and the four-week lending cycle set by the project is short, making the operation somewhat cumbersome. Overall, its attractiveness is limited. The project has not yet issued tokens, and the total locked volume is close to ten million.
1/9/2024, 2:32:35 PM
Injective is an interoperable Layer 1 (L1) blockchain dedicated to building DeFi applications, designed to be a truly decentralized, trustless, and publicly verifiable system. INJ, the native utility and governance token of Injective Protocol, plays an important role in protocol and ecosystem governance, derivative collateralization, protocol security, market making, relayer incentives, and protocol fee value capture. In addition, the INJ token has a unique “burn auction” mechanism, which facilitates the value accrual for the entire Injective ecosystem.
5/17/2023, 11:09:25 AM