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Tron perpetual contract trading volume performed outstandingly during the market downturn, with daily trading volume exceeding 1 billion USD for two consecutive days. The trading volume in the past 7 days reached 5.77 billion USD, representing a 176% increase compared to the previous period. (Lookonchain)

 market shows AAVE breaking through $150, currently at $150.01, with a 24-hour increase of 0.87%. The market is highly volatile, please manage your risks accordingly.

According to Odaily, AllianceDAO co-founder QwQiao posted on X, stating that some believe stablecoins and other new payment rails may replace card organizations such as Visa and Mastercard, reasoning that merchants bear about a 3% card transaction cost. However, this view overlooks the fee distribution structure. He pointed out that in a $100 transaction with about $3 in fees, approximately $1.8 is returned to consumers in the form of cashback or points, about $0.45 goes to the issuing bank, about $0.6 goes to the acquiring bank, and the card organization only receives about $0.15. QwQiao stated that this structure creates a stable incentive relationship among consumers, banks, and card organizations within the same network, while the related costs are mainly borne by merchants with relatively weaker bargaining power. This is also one of the key reasons why traditional card payment networks have maintained their scale effect over the long term.