On January 19th, according to data from Bijie.com, Hyperliquid led the way in contract trading volume for the entire year of 2025 with a trading volume of $2.93 trillion, followed closely by Lighter and Aster. In terms of webpage traffic, which reflects user engagement, Aster ranked first with approximately 13.23 million visits, while Lighter and Hyperliquid ranked second and third with approximately 11.65 million and 6.7 million visits respectively. The rankings of trading volume and traffic vary across platforms. A comparison of data from some platforms is as follows: Hyperliquid: $2.93 trillion in contract trading volume, 6.7 million pageviews; Lighter: $1.314 trillion in contract trading volume, 11.65 million pageviews; Aster: $791 billion in contract trading volume, 13.23 million pageviews; EdgeX: $586 billion in contract trading volume, 1.1 million pageviews; Apex: $338 billion in contract trading volume, 1.7 million pageviews; Pacifica: $82 billion in contract trading volume, 870,000 pageviews. Note: Pacifica's mainnet only launched in June of last year, therefore there was no trading volume in the first half of 2025, resulting in lower overall data. The current trading volume statistics mainly cover the period from September, when the platform entered a rapid growth phase, to December 31st. Related reading: "2025 Trading Platform Rankings: CEX Spot Trading Volume Rises Slightly, Binance Remains in Absolute Lead"

Hemi's security model has two wheels: PoS validators (responsible for block production) and PoP miners (responsible for anchoring L1). For the past few days, I've been thinking about what would happen to Hemi if the PoP miner wheel suddenly broke—for example, if they collectively "went on strike" because L1 transaction fees were too high. My deduction is: the Hemi chain won't stop. Block production and transaction processing (the daily operation of L2) are the job of PoS validators. As long as PoS validators exist, the Hemi chain can continue to produce new blocks, and users can continue to transfer funds and participate in DeFi. However, the chain's "security attributes" will immediately undergo a qualitative change. It will degenerate from a "hybrid security" model of "PoS chain + Bitcoin finality" into a "pure PoS chain." It loses that "ultra-finality" anchor point that occurs every 90 minutes. This means that the state of the Hemi chain will no longer be protected by Bitcoin's PoW finality. Its security will rely 100% on the (economic) security of Hemi's own PoS validators. This will have a fatal cascading effect: Hemi's "tunnels" functionality must immediately cease operation. Because the security of "tunnels" (especially withdrawals) depends on the premise that Hemi's state is ultimately confirmed by L1. If Hemi loses L1 finality, then withdrawals from Hemi to L1 (e.g., hBTC -> BTC) become insecure. Therefore, a PoP miner "strike" won't cause Hemi to "crash," but it will cripple it. The Hemi chain will become an "island." On-chain activity (DEX trading, lending) can continue, but all connections to L1 (deposits, withdrawals) must be forcibly suspended by the protocol. This is unacceptable for a chain whose core selling point is "connecting to L1." Therefore, the Hemi protocol must design a robust enough economic incentive to ensure that PoP miners remain "on duty" at all costs. @Hemi $HEMI {spot}(HEMIUSDT) #Hemi

Bitcoin is relatively weak now. According to the current trend, it is estimated that the market will be volatile and falling in the past few days. If there are no accidents, the counter-draw may start next week. BTC will probably stop falling until it reaches a wave of 100,000, so those who want to cover their positions and enter the market can wait. #BTC☀️ # After Trump takes office How will the market go?

Trump family projects throw 223 million US dollars to buy 7 kinds of tokens, Floating loss of $ 2.67 million, Is it true or rising? According to the monitoring data on the chain, As of January 22, The World Liberty Financial (WLFI) of the Trump family has invested a total of 223 million US dollars to deploy 7 types of tokens, The overall floating loss is $ 2.675 million.Big hand input arouse market attention, But is the floating loss revealing a deeper mystery? ETH (Ethereum): Invest 43 USD 147.8 million, 517 photos, Floating loss is $ 2.795 million; WBTC (Bitcoin): Input 4, $ 8.7 million to buy 457 pieces, Floating loss is $ 329,000; Link: Investing at $ 6.7 million to buy 256, 314 photos, Profit is $ 128,000; AAVE: investment of $ 6.7 million to purchase 19, 399 photos, Profit 422,000 US dollars; TRX (wave field): invest 7.35 million US dollars to purchase 3, 0107,000 pieces, Profit 50,000 US dollars; ENA: Investing 5.779 million US dollars to purchase 5.779 million, Floating loss of 82,000 US dollars; ONDO: Invest at $ 250,000 to purchase 134, 216 sheets, Floating $ 69,000. #AIAGENT plate generally rose #: My 2024 pit father's time #How to get out after Trump's inauguration?#What are the concept coins of Trump?#BTC to return 100,000