ChainCatcher reports that GMX Labs has released a leadership structure upgrade proposal, which has passed the DAO governance vote with 96.42% approval. The proposal states that with the team's expansion and intensifying competition in the perpetual DEX sector, GMX Labs' early flat, founder-driven organizational structure is no longer sustainable and a transition to a clearer, more accountable traditional leadership structure is necessary. The proposal announces a public recruitment process to bring in a CEO, with candidates spanning DeFi, CeFi, traditional finance, and technology industries. The goal is to complete recruitment and onboarding by April 2026, and to finalize the organizational restructuring and submit a performance-aligned new contributor token allocation plan to the DAO by June. The CEO's responsibilities include defining GMX Labs' strategic direction, building a functional leadership team, strengthening partnerships, and representing GMX Labs in industry activities. Regarding compensation, the CEO's base salary is $150,000 to $200,000 annually, paid in stablecoins. Performance incentives are denominated in GMX tokens and directly linked to protocol fee growth, with the current annualized protocol fee benchmark being approximately $60 million. A 50% increase in fees will earn partial rewards, a 100% increase to approximately $120 million will earn the full base reward pool of 40,000 GMX, and a 125% increase to approximately $135 million will earn an additional 10,000 GMX as a special reward. The earned GMX tokens will also be adjusted based on the 30-day average GMX price by 0.5 to 1.5 times, with an annual token compensation cap of 75,000 GMX. 25% of the performance rewards will be unlocked immediately upon achieving the target, with the remaining 75% vesting linearly over 24 months. Early departure will result in forfeiture of the unvested portion. During the transition period, a temporary leadership committee consisting of four members—X, Coin, B, and Kal—will be responsible for maintaining operations, advancing the existing roadmap, and leading the CEO search.

According to Coinglass data, as of November 23rd, mainstream CEX and DEX funding rates show that although the crypto market has rebounded in the past two days, participants remain overwhelmingly bearish, with funding rates for almost all asset trading pairs being negative. Note from Coinglass: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee, but uses it to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market. A funding rate less than 0.005% indicates a generally bearish market.

$GIGGLE has recently surged in value following its listing on Binance, garnering strong community support. Experts believe its price could soon reach $170, driven by growing trading volume and liquidity. The token donates a portion of its trading fees to charity, further enhancing its appeal. However, market forecasts vary: some predict a price range of $76 to $105 by the end of 2025. Market volatility means price fluctuations are possible, so investors should exercise caution. Overall, $GIGGLE holds a positive outlook and is expected to see growth around $180, especially in a strong market trend. However, due to its meme-based nature, risks remain. 📉📉.. {future}(GIGGLEUSDT) #MarketRally #giggle #Binance #BNBmemeszn #MEME

What happened on the BSC chain in the past 24 hours? The data speaks for itself: DEX trading volume reached $6.05 billion, and transaction fee revenue reached $5.57 million, both ranking first among public chains. This is no joke; Ethereum and Solana are lagging far behind. PancakeSwap alone contributed $4.29 billion in trading volume, practically dominating the market. The transaction fee revenue is even more outrageous: BSC's daily revenue is more than double that of Tron (1.46 million) and Ethereum (1.2 million) combined. The driving force is clear: the meme coin craze. Coins like "Binance Life" and "Customer Service Xiao He" have driven over 100,000 addresses to participate in trading, and Bubblemaps data shows that 70% of these users are profiting. Once the wealth effect is established, it becomes a wildly positive cycle. Binance even suspended BNB withdrawals on the BSC network, demonstrating the on-chain congestion. This surge is no accident. YZi Labs just announced a $1 billion fund to support the BNB ecosystem; the timing couldn't be more impeccable. High-performance, low-cost infrastructure has now been proven in the real world. The ability of daily transaction volume to withstand this level of impact demonstrates the robustness of the underlying infrastructure. But a more sober view is that the meme craze is ultimately a short-term stimulus. The key is how to channel this traffic into long-term applications like DeFi, GameFi, and RWA. Ecosystem prosperity cannot rely solely on speculation; it must be supported by real application scenarios. BSC currently holds the three trump cards of traffic, capital, and users; it all depends on how it executes these strategies going forward.

Which #MEME coins will lead your portfolio in 2025?

According to ChainCatcher, on-chain analyst Lookonchain monitoring shows that in the past 24 hours, BSC on-chain DEX trading volume reached US$1.637 billion, surpassing Solana to rank first.

News At the Consensus HK Summit, Karen, founder of Alfa Partners, a global one-stop crypto AI trading service provider, said in a guest speech at MemeX Festival that on-chain liquidity innovation is changing the competitive landscape between DEX and CEX. The current market is aggravated by the high degree of fragmentation, emergence of new projects and distraction, and users are shifting from long-term holding strategies to short-term trading. Investors need to flexibly adjust their strategies to cope with uncertainty. At the same time, macroeconomic factors and liquidity changes further affect the market structure, and the role of trading service providers is particularly important. “As the leader and provider of asset management and trading services, we focus on providing AI automation services for projects and memes in the Web3 ecosystem. By providing liquidity, stabilizing the market, supporting cold starts of new projects, and optimizing price discovery, we can Help users and project parties find opportunities in market uncertainty. "The success of trading service providers will depend on their keen insight into market changes, refined operations on liquidity management, and rapid response to emerging trends. In the future, it will not only be a liquidity provider in the market, but also an important force in promoting market innovation and efficiency improvement.

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