Expand $WOLF launched in April, growing from a seed fund of $15k to a market cap of approximately $20.53M, with $1.41M of 24-hour trading volume. The developers paid for the DEX listing, it's associated with an artwork by Matt Furie, has no practical use, features a high squeeze/low liquidity model, and is accompanied by the listing catalyst. Only small-scale investments are recommended; the risk is extremely high. $BTC $ETH $BNB

Expand Six Key Moments of October for Justin Sun! October was truly a month of highlights for Justin Sun! From the stunning debut of SunPerp to the explosive growth of the investment ecosystem, every moment was exhilarating. Today, I'll summarize the key moments of these six key moments! 1. SunPerp Launch Event On October 1st, Justin Sun launched SunPerp! This is a new milestone for the TRON ecosystem, with tens of thousands participating online and offline. Justin Sun personally attended, emphasizing that "this moment belongs to all of us." The atmosphere was incredibly electric, and the blueprint for future financial freedom was unveiled! 2. Roast Session On October 2nd, Justin Sun appeared at a roast session, chatting with big names from @antpoolcom and @bitmaintech about the crypto business. Justin Sun joked, "Crypto is a serious business, but sometimes you have to sit down and joke around. Who wants to talk about memes?" The audience burst into laughter, igniting a passionate collision between mining and crypto! 3. Squid Game On October 3rd, Sun Ge (Sun Perp) hosted a "Squid Game" themed event! The winners were announced, the event featured dazzling lights, and Sun Ge himself presented the awards. This cross-industry extravaganza blending entertainment and blockchain left fans thoroughly entertained! 4. Sun Wukong Appears On October 9th, SunPerp's Chinese name, "Sun Wukong," was unveiled. It became the first and only DEX on the entire internet to be named with a Chinese name, signifying that Chinese culture is truly at the top! 5. Second in Chinese-Speaking Community On October 9th, the world's first Chinese-language Perp DEX, Sun Wukong, officially launched on Space. With 42,000 people online simultaneously, discussing aliens, it ranked second in the history of Chinese-language Twitter Space, second only to Liangxi's discussion of GJH with 110,000 people! 6. Investment Ecosystem Explosion On October 11th, Sun Ge announced a major upgrade to the investment ecosystem! TRON, JustLend, USDD, USDT (TRC20), and Sunperp are all making a strong push, becoming new favorites among global users. Justin Sun proclaims, "Many surprises await you!" This move has immediately raised expectations to the max! October was a banner month for Justin Sun! TRON has unlimited potential; looking forward to even more surprises in November! @JustinSun #TRONEcoStar

Expand Hey guys, have you ever encountered this weird situation when exchanging tokens on DEXs? The price clearly shows 100, but after confirming, it becomes 99.5! Where did the missing 0.5 go? It was stolen by MEV bots! This is the Dark Forest Law of Web3—MEV (Maximum Extractable Value). Validators and bots rearrange transactions behind the scenes, silently taking money from your pocket. The most common is the "sandwich attack": inserting a transaction before and after yours, essentially eating you up like a sandwich. So the question is: Does the Plasma chain, which focuses on payments, also have MEV? The answer is: Yes, but negligible! Why? Because MEV loves to hunt in the complex DeFi world. When you make large Uniswap swaps or Aave liquidations, you become easy prey in the eyes of MEV bots. But 99% of Plasma transactions are simple A-to-B transfers. Imagine this: You transfer 100 USDT to a friend. What can the bot steal from you? Nothing! Plasma's inherent advantage: Making MEV bots unemployable. On other public chains, you're like a pedestrian carrying cash in a busy city, constantly at risk of being robbed. On Plasma, it's like transferring money in your own vault—incredibly safe. The only possible place for MEVs on Plasma: the native DEX. When you exchange USDT for USDC, the bot might try to steal it. But compared to Ethereum's "global casino," Plasma's DEX is like a "community convenience store"—low trading volume, few opportunities, and the bot simply won't bother to camp out for long. Even more ruthless is that Plasma is designed from the ground up to counter MEV. As a new L1 blockchain, Plasma directly learns from its predecessors' mistakes: Fair ordering: First come, first served, not based on who pays the highest gas fee. Encrypted mempool: Completely invisible before transaction packaging, bots can't see it at all. Starry Night's Summary: If you're tired of being leeched off every transaction on Ethereum, If you want a clean, fair, and transparent payment environment, Plasma might be the haven you've been looking for. Here, every payment you make is exactly what you see—no hidden traps, no tricks, no inexplicable losses. This is what a payment chain should be like. Next article preview: How does Plasma solve the pain points of cross-border payments for SMEs? Follow me to seize the next Alpha opportunity! Friends, it's time to switch to a fairer chain! Every penny stolen by MEV should have been your profit. @Plasma $XPL #Plasma

Expand Hello everyone, I'm Xingchen. MEV, or Miner's (or L2 Sequencer's) Extractable Value, is a complex and highly controversial issue in the Web3 world. It refers to the behavior of sequencers who extract additional profit by reordering, inserting, or censoring transactions. In the EVM ecosystem, MEV is a core pain point for DeFi users because it leads to higher slippage and unfair transaction execution. Hemi, as an EVM-compatible L2, must design effective mechanisms to handle and mitigate the negative impacts of MEV. 1. The Core Conflict Between L2 Sequencers and MEV In L2 Rollups, the right to extract MEV is primarily concentrated in the hands of the transaction sequencer. The sequencer is responsible for determining the order of transactions, thus wielding significant power. Hemi's Risk: Although Hemi's ultimate security relies on its Bitcoin L1 PoP anchoring, at the L2 execution level, its sequencer may still be able to extract MEV. For example, profiting by identifying large DEX transactions and front-running them. Censorship resistance challenge: If the orderer is controlled by whales or centralized entities, they might even censor or delay certain transactions to protect their own MEV interests, directly threatening Hemi's censorship resistance. 2. Hemi's MEV Resistance Strategies Hemi can defend against the negative impacts of MEV from two aspects: technology and economics. Technical approach: Decentralized orderer Hemi must decentralize the power of the orderer. If the orderer is controlled by a single entity, MEV will be centrally extracted. Hemi should adopt a rotating or competitive orderer mechanism, allowing decentralized nodes worldwide to participate in transaction ordering. This makes MEV extraction more difficult and decentralized. Technical approach: Batch Auction Hemi could consider adopting a batch auction mechanism. Under this mechanism, transactions are not executed in real time, but are collected within a time window (e.g., every 100 milliseconds) and then executed in a fair order, or settled at a uniform price. This effectively eliminates the possibility of front-running, as all transactions are processed simultaneously. 3. Community Distribution of MEV Value Instead of attempting to completely eliminate MEV (which is technically nearly impossible), it's better to capture it and give it back to the community, achieving the "democratization" of MEV. MEV Revenue Transparency: Hemi's sorter must make the MEV value it extracts transparent and submit a portion (or all) of its revenue to Hemi's DAO treasury. Giving Back to Users: The DAO treasury can use this MEV revenue for two key operations: Gas Fee Subsidy: Using MEV revenue to subsidize users' transaction gas fees, especially L1 pegging fees, enhances Hemi's cost competitiveness. HEMI Burning: Converting MEV revenue into HEMI tokens and burning them further enhances the token's deflationary pressure. 4. Hemi's Unique Advantage: Enhanced Security Hemi's PoP mechanism ensures that even if MEVs occur, the ultimate security of L2 will not be threatened. The Ultimate Constraint on L1: Regardless of how the orderer extracts MEVs on L2, Hemi's L2 state ultimately needs to be anchored to Bitcoin L1 via the PoP mechanism. The immutability of Bitcoin L1 and the malicious tampering of the L2 state form the ultimate economic constraint. Hemi must find a balance between efficiency and fairness. Through a decentralized orderer and a transparent MEV revenue distribution mechanism, Hemi can minimize the negative impact of MEVs on ordinary users and transform them into positive value for the community and the HEMI token. (Disclaimer: The above content represents personal opinions only and does not constitute any investment advice. The market is risky; invest with caution.) @Hemi #Hemi $HEMI

Expand Hello everyone, I'm Xingchen. The key word for DeFi 1.0 is "Integration," exemplified by Aave, which integrates all lending functions into a single large contract. The key word for DeFi 2.0 is **"Modularity"**. Morpho Blue is considered a core representative of DeFi 2.0 precisely because it has maximized the essence of both "modularity" and "composability." I. The Essence of Modularity: Breaking Functional Monopolies The core idea of modularity is to break down a complex functionality into independent, replaceable, and upgradeable components. Morpho Blue's "modularity" is reflected in its complete "decomposition" and "outsourcing" of the various functions of traditional lending protocols: Result: Morpho Blue's core contract becomes extremely simple, immutable, and secure. All complex and volatile business logic (such as interest rates, risks, and innovations) is pushed externally. Advantages of Modularity: It ends the protocol's monopoly on functionality. If a developer dislikes Morpho Blue's default interest rate model, they don't need to initiate a governance vote; they can directly write a new interest rate model contract and integrate it with Blue to create a new, efficient market. This greatly drives underlying innovation. II. The Essence of Composability: The Overlay of Standards Composability refers to the ability to seamlessly combine different DeFi protocols or applications like Lego bricks. Morpho Blue, through its application layer MetaMorpho, takes composability to a new level. ERC-4626 Standardization: MetaMorpho Vault adopts the ERC-4626 standard. This means that the receipt tokens (e.g., mmUSDC) users receive by depositing into the vault are industry-standard, yield-generating "building blocks." Utility: Any other DeFi protocol (such as DEX, options protocols) can immediately recognize and accept this mmUSDC as collateral or a trading pair without writing any additional integration code. Risk Composability: Morpho Blue's market isolation gives composability a "risk boundary" for the first time. In the old protocol: You deposit Aave tokens into Curve, and if Aave collapses, your Curve position is also affected. In Morpho: You deposit MetaMorpho vault tokens into Curve, and even if a low-risk submarket within the vault fails, the risk is manageable due to risk isolation and the decentralized allocation of the vault. This makes composability more secure and resilient. III. Summary: A Paradigm Representative of DeFi 2.0 Morpho Blue is more than just a lending protocol; it's a perfect embodiment of the DeFi 2.0 philosophy: * Modularization: Achieves ultimate security in the underlying code and limitless innovation in upper-layer applications. * Composability: Through standardization and risk isolation, it makes assembling financial building blocks more efficient and secure. Morpho's success proves that the future of DeFi lies in building a robust, open underlying standard, allowing markets and developers to freely build applications on top of it, rather than attempting to build a "large and comprehensive" integrated "application empire" as in the past. Disclaimer: This content, produced by Xingchen, is for personal analysis and popular science purposes only and does not constitute any investment advice. Cryptocurrency trading is high-risk. DYOR, DYOR, DYOR! @MorphoLabs $MORPHO #Morpho

Expand Hi everyone, I'm Xingchen. When trading on Web3, especially when exchanging tokens on DEXs, you might have encountered this situation: you clearly see a price of 100, but the transaction price becomes 99.5. Where did that 0.5 go? It's very likely "stolen" by MEV bots. MEV (Extractable Value) is the dark forest of Web3. It refers to validators or bots maliciously reordering transactions in your block to arbitrage against you. The most common example is the "sandwich attack." So, does Plasma, an L1 blockchain specializing in payments, have MEV? Does it affect us ordinary users? Does Plasma have MEV? First, we need to clarify one fact: theoretically, any public blockchain with a public mempool and smart contracts cannot completely eliminate MEV. As long as there is arbitrage opportunity, bots will try to steal it. But where are the hardest hit areas for MEVs? They're on "all-purpose public chains" like Ethereum and Solana. This is because they host a massive number of complex DeFi protocols. For example, large-scale exchanges on Uniswap and massive liquidations on Aave. These are the most lucrative prey for MEV bots. Second, why are Plasma's MEVs so few? This is the huge advantage of Plasma's specialization. Plasma's core positioning is a payment chain. This means that 99% of transactions on the Plasma network will be of the simplest type: A transfers X stablecoins to B. For this simple "transfer" transaction, the MEV is 0. Bots cannot "sandwich" your transfer. Bots cannot "arbitrage" from your transfer. Your transfer is a simple value transfer, with no "gaps" for MEV bots to exploit. Third, where might MEVs exist on Plasma? So, where will Plasma's MEVs be? It will only exist in one place: the native DEX within the Plasma ecosystem. MEV bots only have an opportunity when you're not "transferring" but "exchanging" (e.g., exchanging USDT for USDC). They might try to preempt your transaction or launch a sandwich attack. However, because Plasma's core is payments, the trading volume and complexity of its ecosystem's DEXs will be far lower than Ethereum's or Solana's. Analysis: Ethereum's MEV is like a "high-traffic casino," bots are everywhere. Plasma's MEV is more like a "small shop," where bots might just be loitering at the checkout counter, looking for an opportunity to profit from the difference. IV. Possible "MEV-resistant" designs for Plasma As a new L1, Plasma can learn from the lessons of its predecessors from the very beginning of its design. It can easily introduce "anti-MEV" mechanisms at the consensus or protocol layer, such as: Fair transaction ordering: Instead of "highest bidder wins" (whoever pays more gas gets packaged first), a "first-come, first-served" ordering system is adopted, eliminating preemptive orders at the source. Encrypted mempool: This prevents bots from seeing the specific content of transactions before they are packaged, thus preventing attacks. Starry Night Summary For Plasma, MEV is not a concern at all. Because its core business (payment and transfer) is naturally immune to MEV. This is precisely one of its most underestimated advantages as a payment chain: it is not only cheap and stable, but also very "fair." Every payment you make is transparent and transparent, without the worry of being leeched by on-chain bots. Having discussed MEV, let's talk about a real-world application scenario where it excels. Plasma: The "last mile" solution for cross-border trade for SMEs. See you in the comments! Disclaimer: The above content is only Starry Night's personal investment research analysis and does not constitute any investment advice. Investing involves risks; please invest cautiously! @Plasma #Plasma $XPL

Expand Predicting the future of DeFi is difficult, but observing the evolution of the technology can provide clear clues. In the lending sector, we've witnessed a progression from nothing to something (Pool model), and from something to excellence (Optimization layer). @morpholabs is a leader in the "excellence" stage. I believe his model reveals several key characteristics of the future lending market. Characteristic 1: From "General" to "Segmented" The future lending market will no longer be a few massive pools of funds mixing all assets. Instead, it will fragment into countless vertical, segmented credit markets. There will be a "Geek Vault" accepting only BTC and ETH, a "Staking Yield Vault" specifically serving LST, a "Compliance Vault" customized for RWA… and Morpho's MetaMorpho architecture is a natural "segmentation factory." Characteristic 2: From "User Self-Management" to "Professional Management" Most ordinary users neither possess nor want the ability to assess collateral risk and interest rate trends. The future trend is to entrust funds to professional management strategies. This is precisely what MetaMorpho's vault does—outsourcing credit decisions to more professional managers, allowing users to simply choose strategies that align with their risk appetite. This is a DeFi manifestation of the fund model in traditional finance. Feature Three: Efficiency Becomes Standard When the market discovers a technological solution that can improve capital efficiency without adding extra risk, this solution transforms from an "optional" to a "must-have." Just as AMMs replaced order books as the mainstream DEX, the optimization logic of peer-to-peer pools may become the underlying standard for all lending protocols in the future. Morpho is a pioneer and practitioner in this field. What does this mean for $MORPHO? In this context, $MORPHO's significance lies in the fact that it governs the core infrastructure of this "future lending market." If Morpho's network effect takes hold, becoming the origin and hub of numerous niche credit markets, then the value capture capability of its governance token will be immeasurable. Conclusion Morpho may not "kill" traditional liquidity pool protocols in the short term, but it is validating a more efficient path through the market. Investing in @morpholabs and $MORPHO is essentially investing in a belief: the future of DeFi doesn't belong to cumbersome behemoths, but to a vibrant ecosystem comprised of countless efficient and flexible modules. #Morpho $MORPHO {future}(MORPHOUSDT)

Expand @solana Dominated DEX trading volume and application revenue across all chains in the past 24 hours $BTC $ETH $BNB

Expand According to ME, on October 31st (UTC+8), Byreal achieved a trading volume of $1.36 million in XAUt0 within the past 24 hours, not only maintaining its leading position in the Solana ecosystem but also becoming the world's largest XAUt0 trading market among all on-chain DEXs with a 38.86% market share. Byreal's XAUt0-USDT liquidity pool provides users with additional liquidity incentives, currently boasting an annualized return of 247.68%. XAUt0, launched by Everdawn based on LayerZero's Omnichain Fungible Token (OFT) standard, is a full-chain evolution of Tether Gold (XAUt), enabling seamless circulation of physical gold across multiple chains. With its leading depth and high-yield incentive mechanism, Byreal has become a core liquidity hub for on-chain gold trading, continuously driving the adoption and trading activity of RWA in the multi-chain ecosystem against the backdrop of the Solana ETF listing.

Expand 📈 @Aster_DEX $ASTER — 4H chart still within a descending channel Price rebounded +18.61% after retracing to the lower support level (around 0.86). Trading volume increased moderately → signs of weakening short-term bearish momentum. ✅ Strategy Recommendation: If the price falls back to the 0.90–0.86 range, consider buying in batches. → Set a stop-loss below 0.83. → Target the upper channel line at 1.05+ to see if it can be effectively broken. ⚠️ Note: The current trend is still downward; only short-term/swing trading in spot is recommended. Do not chase highs with heavy positions. DYOR | (Technical analysis based on TradingView, not investment advice) #ContentMiningUpgrade {future}(ASTERUSDT)