About
SCR
Ended--
Last price (USDT)
84.93K
24h total (USDT)
2.05M
Total vol (USDT)
2024-09-20 09:00:00 ~ 2024-10-22 07:30:00
Trading time (UTC+0)
2024-10-22 12:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Scroll is a Layer 2 rollup solution using zero-knowledge proof technology to scale the Ethereum blockchain, with a mission to bring billions of users into Ethereum's ecosystem, become the most secure and trusted Layer 2 network to process trillions of dollars on-chain, and be the default platform for new innovations. SCR total supply: 1,000,000,000
ZKsync, highly praised by Vitalik, may truly be undervalued
For a single GPU, Airbender not only has the fastest verification speed but also the lowest cost. Written by: Eric, Foresight News On November 1, Vitalik quoted a tweet from the founder of ZKsync regarding the ZKsync Atlas upgrade and praised ZKsync for doing a lot of "underrated but highly valuable work for the Ethereum ecosystem." The market quickly reacted to Vitalik's comments, with ZK prices surging more than 2.5 times at their peak over the weekend. Tokens in the ZK ecosystem, including ALT (AltLayer), STRK (Starknet), SCR (Scroll), MINA (Mina), and others, also saw significant gains. After learning about the ZKsync Atlas upgrade, we found that what ZKsync has accomplished may indeed be underestimated. Fast, Small but Expensive ZKP The Ethereum Foundation has promoted ZKP (Zero-Knowledge Proofs) from early on, essentially aiming to solve the problems of slow verification speed and large amounts of verification data. ZKP is essentially a mathematical probability problem. To give a not entirely accurate example to roughly explain its principle: Suppose someone claims to have solved the "Four Color Theorem." How can we confirm this person has indeed solved it without fully disclosing their solution? The zero-knowledge proof approach is to select some parts of the entire graph and prove that in these parts, no two adjacent regions have the same color. When the number of selected parts reaches a certain value, it can be shown that the probability this person has solved the Four Color Theorem is 99.99...%. At this point, we have proven that they have "indeed solved the Four Color Theorem" without knowing the full details. This is what people often refer to as "proving something was done without knowing how it was done"—the essence of zero-knowledge proofs. The reason for vigorously promoting ZKP in the Ethereum ecosystem is that, in theory, ZKP's speed ceiling is much higher than that of proving each transaction individually, and the amount of data generated by the proof itself is very small. The speed advantage comes from the fact that ZKP does not require knowledge of the full picture, only challenges. For example, to verify an Ethereum block, the current method is for each node to verify basic issues such as whether the execution address of each transaction has sufficient balance. But if only one node verifies each transaction using ZKP and then generates a "proof," other nodes only need to verify the reliability of the "proof" itself. More importantly, the data size of this "proof" is very small, so its transmission and verification are extremely fast, and the cost of storing the data is lower. The reason why this seemingly all-advantageous technology is not widely used is simply because it is too expensive. Although ZKP does not require reproducing all processes, the challenge itself consumes a lot of computing power. If you stack GPUs like in the AI arms race, you can achieve faster speeds, but not everyone can afford such costs. However, if algorithmic and engineering innovations can reduce the required computing power and the time to generate proofs under low computing power to a certain level, achieving a balance between "price increases driven by more applications introduced through technological innovation" and "the cost of setting up nodes and purchasing GPUs" for Ethereum, then this becomes a worthwhile endeavor. Therefore, many ZK concept projects or open-source developers in the Ethereum ecosystem focus on generating ZK proofs at lower costs and faster speeds under low costs. Not long ago, the Brevis team achieved an average of 6.9 seconds to prove an Ethereum block (99.6% of proof times were less than the current Ethereum block time: within 12 seconds) using only half the cost (64 RTX 5090 GPUs) of the SP1 Hypercube solution. This achievement earned collective praise from the Ethereum community for this very reason. Although GPU costs still exceed $100,000, at least the proof speed has dropped to the current level without ZKP. The next task for everyone is to reduce the cost. The Atlas Upgrade Achieves 1-Second ZK Finality Perhaps many people don't know that ZKsync's open-source zkVM, ZKsync Airbender, is the fastest zkVM for single GPU verification. According to Ethproofs data, using a single 4090, ZKsync Airbender's average verification time is 51 seconds, with a cost of less than one cent—both are the best results among zkVMs. According to data provided by ZKsync itself, excluding recursion, Airbender uses a single H100 and the ZKsync OS storage model to verify the Ethereum mainnet with an average time of 17 seconds. Even including recursion, the total average time is only about 35 seconds. ZKsync believes this is much better than needing dozens of GPUs to achieve verification within 12 seconds. However, since there is currently only data for two GPUs with an average of 22.2 seconds, the actual performance is yet to be determined. All of this is not solely due to Airbender; algorithmic and engineering optimizations are only part of the story. The deep integration with the ZKsync tech stack is the key to maximizing results. More importantly, it demonstrates that real-time proof of the Ethereum mainnet using a single GPU is possible. At the end of June, ZKsync launched Airbender, and on the penultimate day of the National Day holiday, the Atlas upgrade went live. This upgrade, which integrated Airbender, significantly improved ZKsync's throughput, confirmation speed, and cost. In terms of throughput, ZKsync optimized the sequencer at the engineering level: by using independent asynchronous components to minimize the overhead caused by synchronization; separating the state required by the virtual machine, the state required by the API, and the state required to generate or verify zero-knowledge proofs on L1, thereby reducing unnecessary component overhead. According to ZKsync's field tests, TPS for high-frequency price updates, stablecoin transfers in payment scenarios, and native ETH transfers reached 23k, 15k, and 43k, respectively. Another huge qualitative leap comes from Airbender, which helped ZKsync achieve 1-second block confirmation and a single transfer cost of $0.0001. Unlike verifying mainnet blocks, ZKsync only verifies the validity of state transitions, so the computation is much less than verifying mainnet blocks. Although transactions with ZK finality still require mainnet verification to achieve L1 finality, ZK verification already confirms the validity of the transaction, and L1 finality is more of a procedural guarantee. In other words, transactions executed on ZKsync only need ZKP verification to be fully confirmed as valid, and with the greatly reduced cost, ZKsync has achieved, in their own words, application scenarios that only Airbender can bring: First, naturally, are applications such as on-chain order books, payment systems, exchanges, and automated market makers. Airbender enables the system to verify and settle at extremely fast speeds, reducing the risk of rollbacks for these on-chain applications. The second point is something that many current L2s cannot achieve: supporting interoperability between public and private systems (such as ZKsync's Prividiums) without third parties. Prividiums is ZKsync's infrastructure to help enterprises build private chains. For enterprises, the requirements for blockchain are fast settlement and privacy. Fast settlement needs no further explanation, and the inherent privacy of ZKP allows enterprise private chains to verify transaction validity when interoperating with public chains without exposing the ledger information of the chain itself. The combination of the two even meets the settlement time requirements for on-chain securities and forex trading in compliance regulations. This may also be why ZKsync has become the second-largest tokenized RWA asset issuance network after Ethereum. ZKsync is also proud to state that all of this is only possible under the Atlas upgrade: the sequencer provides low-latency transaction packaging, Airbender generates proofs within one second, and the Gateway verifies and coordinates cross-chain messages. Bridging L1 and L2 As Vitalik retweeted in this tweet, ZKsync founder Alex believes that after the Atlas upgrade, ZKsync has truly bridged to the Ethereum mainnet. Now, ZKsync's transaction final confirmation time (about 1 second) is shorter than the Ethereum mainnet block time (average 12 seconds), which means that institutional and RWA transactions conducted on ZKsync are essentially the same as those on the Ethereum mainnet, just waiting for mainnet confirmation. This means ZKsync does not need to repeatedly establish liquidity centers on L2; it can directly use mainnet liquidity. This is because ZK Rollup's cross-chain mechanism with the mainnet does not require a 7-day challenge period like OP Rollup, and the Atlas upgrade further accelerates the process. This improves the L2 fragmentation issue recently discussed in the Ethereum community. L2 and L1 are no longer two separate chains but are connected as one through rapid confirmation and verification. For the first time, L2 can truly be called a "scaling network." Recall when ZKsync and Scroll first launched on mainnet, transaction confirmation speed and gas fees were the same as or even higher than the mainnet. This was essentially because there had not yet been systematic algorithmic and engineering optimizations for ZKP, resulting in slow verification and high costs, which at the time even triggered a trust crisis for ZK Rollup. Today, Optimism and Arbitrum are gradually transitioning from OP Rollup to ZK Rollup (or a combination of both), and the further improvements in cost and speed by ZKsync and other ZK Rollups, as well as Scroll's decentralized ZKP, have turned what was once considered "nonsense" into something worth looking forward to. From being criticized by everyone to becoming highly sought after, ZK has ushered in a new dawn. After the sequencer and cross-chain bridge multisig are fully decentralized, perhaps the "can't be evil" vision described by Dragonfly Managing Partner Hasseb Qureshi can truly be realized.
Driven by the surge in ZKsync, some tokens in the ZK and L2 sectors have seen significant gains today.
BlockBeats News, November 2, according to market data, driven by ZKsync's single-day increase of over 88%, some tokens in the ZK sector and L2 sector have seen significant gains today, including: ALT's 24-hour increase reached 22.3%; STRK's 24-hour increase reached 17.1%; SCR's 24-hour increase reached 17.5%; MINA's 24-hour increase reached 43.2%. Previous reports indicated that Vitalik has been continuously following the progress of ZKsync upgrades and has interacted with the project multiple times, praising ZKsync for its undervalued but valuable contributions within the Ethereum ecosystem.
Scroll launches points program to reward early adopters
Foresight News reported that Scroll has announced the launch of a points program aimed at rewarding early adopters. By purchasing, holding, and using USX, Scroll will automatically track and calculate points, with no manual claiming required.
Educational | How to Avoid Blindly Following the Crowd - A Beginner's Guide to Project Research
Original Title: How to do a good research? Original Author: le.hl Original Translation: Luffy, Foresight News As an investor, the easiest way to lose money is to blindly follow the crowd, knowing nothing about the project, and simply enter the market based on others' advice. I have had such an experience, so I am sharing my project research experience here. If you are a cryptocurrency newbie and need a reliable practical method, this article is prepared for you. Define the Project Narrative Narrative is one of the core elements of the cryptocurrency industry, and market trends often revolve around narratives. If you want to invest in a project, you must first understand the narrative logic behind it. If the project is still stuck in outdated narratives like the metaverse, GameFi, it is likely to have a hard time succeeding. I usually look up the project narrative on certain well-known platforms. Steps: 2. Enter the project name; 3. Scroll down to the "Tags" section to view the project's narrative. After understanding the narrative, the next step is to identify the leading project in that sector. Observe its recent trading volume changes, assess the dynamics; and evaluate if the project you are interested in has the ability to compete with the leader. Remember, investing in the leader's competitors often has a better opportunity than chasing an already skyrocketed leader. Choosing a currently trending narrative (such as AI, prediction markets, InfoFi, etc.) is the best path to profitability. Verify the Project's Investors Today, many people are averse to the term 'venture capital' and prefer projects that self-fund. However, the fact is: If a project lacks excellent products, has a mediocre team, and is not the leader in any narrative, it needs reliable investors to drive its development. My most frequently used platform to look up project investors is CryptoFundraising, which can display all key information about a project's investors, team, social accounts, official website, and more, all completely free of charge. Operating steps: 2. Search for the target project; 3. Check the funding amount and venture capital level. I have found that projects with lower funding amounts, supported by only 2-3 VCs, usually perform better than those with 20 or more VCs. It’s like a cake being divided among too many people; the team needs to get approval from all VCs when making decisions, which can be restrictive. The VC level is also crucial. I personally prefer projects supported by VCs such as Coinbase VC, a16z, Polychain Capital, Paradigm, and GSR. Examine Project Social Dynamics This step is very crucial. If a project disables comments or frequently changes its social account nickname, it’s best to avoid it directly. The "number of well-known individuals who follow each other" is also worth considering: If there are over 20 industry celebrities following the project, it is usually a positive sign. To verify the legitimacy of a project, you can also use some network platforms with information verification features. 2. Install the Chrome browser extension; 3. Make the following settings: If a project has negative feedback, block it to avoid seeing related disruptive data on X. No invitation code is needed, you can also use this plugin for free. Deep Research Core Dimensions Founder I prefer to invest in projects where the founder is actively involved in the cryptocurrency community on a daily basis and engages with the community. Outstanding founders have a strong belief in their project and are willing to admit mistakes. Avoid founders who claim that the community is everything but then behave arrogantly, are disconnected from users, or are anonymous. The founder's actions often determine the project's direction after launch. Product Usability is the key metric I value the most. Only a simple, user-friendly product can attract real users and generate revenue. Even the most amazing concept (like "Quantum Blockchain Solves Global Hunger") will not receive attention if it is complex to operate and challenging to use. Tokenomics For projects with issued tokens, be cautious if the following situation occurs: distributing tokens to groups not related to the project (e.g., distributing tokens to platforms like Binance Alpha for short-term hype without receiving any substantial support). This behavior often leads to a failed Token Generation Event (TGE) and a dismal price trend thereafter. A tokenomics model does not need to allocate all tokens to the community, but it must establish a clear, transparent unlocking schedule for all stakeholders (including the team). Team transparency is always paramount. To investigate a project's tokenomics and unlocking schedule, you can use certain progress tracking tools to search for the target project; examine the price trend after the project's last token unlock to assess the unlocking's impact on the price.
Major Token Unlocks Event from October 20 to October 27: Here is the Breakdown
Token unlocks over $431 million will enter circulation . Projects such as ZRO, SCR, and MBG feature significant releases. SOL, WLD, and TRUMP lead the daily unlocks. Between October 20 and October 27, several major token unlocks event are scheduled, totaling over $431 million in value. Tokenomist data shows a combination of single large unlocks and continuous linear unlocks across a variety of blockchain projects. These events represent significant movements in circulating supply, potentially influencing short-term market liquidity and token distribution patterns. Single Large Unlocks Exceeding $5 Million Among the single large token unlocks , a summarzed report by Wu Blockchain reveals that ZRO leads with 25.71 million tokens valued at $44.48 million, representing 7.86% of its total supply. XPL follows with 88.89 million tokens worth $37.41 million, unlocking 4.97% of its supply. MBG records 15.84 million tokens valued at $17.09 million, amounting to 11.97% of supply. Source: X SCR registers a substantial unlock of 82.50 million tokens, valued at $14.79 million, which equals 43.42% of its available supply, marking one of the highest proportional releases during this period. Additional single unlocks include SOON with 15.21 million tokens valued at $14.47 million, equivalent to 4.52% of its supply. UDS releases 3.97 million tokens worth $9.89 million, accounting for 2.85%. KAITO’s 8.35 million tokens equal $9.15 million, unlocking 3.06% of its supply. Project H will release 62.50 million tokens worth $8.95 million. SAHARA adds 84.27 million tokens worth $6.56 million, while VENOM unlocks 59.26 million tokens valued at $6.18 million, consisting 3.60% and 2.23% of their respective supplies. These single-event releases reflect concentrated liquidity injections within a short timeframe. Continuous Linear Token Unlocks Across Major Tokens The same week includes continuous daily unlocks exceeding $1 million in value. SOL leads this group, releasing 496.02 thousand tokens valued at $95.78 million, representing 0.09% of the circulating supply. WLD follows with 37.23 million tokens worth $34.50 million, equal to 1.68%. TRUMP unlocks 4.89 million tokens valued at $29.44 million, covering 2.45% of supply. DOGE records 96.78 million tokens worth $19.48 million, adding 0.06% to circulation. AVAX contributes 700 thousand tokens valued at $14.62 million, marking 0.16% of its supply. IP unlocks 2.32 million tokens worth $13.18 million, equivalent to 0.72%.Further linear releases include ASTER with 10.28 million token unlocks valued at $12.55 million, TAO with 25.20 thousand tokens worth $11.10 million, and ETHFI with 8.53 million tokens valued at $9.47 million. TIA, SUI, and DOT, respectively, release 8.07 million, 2.71 million, and 2.30 million tokens, each valued between $7 million and $8.5 million, representing between 0.70% and 0.98% of supply.
This Week's Preview: Washington "Crypto Summit" Showdown Approaching, Will Macro "Super Friday" Ignite the Market?
The market last week was far from calm. After the epic leverage liquidation triggered by the macro tariff "black swan" event the previous weekend (October 10), the entire crypto industry spent last week (October 13-17) struggling to recover from the shock. Bitcoin fell from a high of $126,000 to below $107,000 at one point, wiping out billions in capital, and the panic in the market has not yet fully dissipated. This week, just as the market has stepped out of the "intensive care unit" (ICU), it will immediately face two opposing but equally powerful forces: one is the "internal game" from Washington, which concerns the long-term future of the industry; the other is the "external shock" from the macro economy, which determines the short-term volatility at hand. This is a week where "long-term regulatory narratives" and "short-term macro data" collide fiercely, as the market tries to find a new balance amidst the ruins. Focus 1: Washington's Banquet? Crypto Giants Gather in the Senate This Wednesday, Washington will host the highest-level "closed-door roundtable" in the crypto industry in recent years. According to crypto journalist Eleanor Terrett, CEOs or chief legal officers from almost all leading U.S. crypto companies—including Coinbase, Chainlink, Galaxy, Kraken, Uniswap, Circle, Ripple, and a16z crypto—will meet with pro-crypto Democratic senators. The topic of this meeting goes straight to the core—"market structure legislation and future development direction." This is by no means an ordinary PR meeting. After a long regulatory tug-of-war, this is more like a "showdown." Industry giants are trying to present a unified and strongest voice before the regulatory framework is finalized. The outcome of this meeting may directly influence the legislative tone of the United States toward crypto assets (especially DeFi and stablecoins) in the coming years. Long-term investors in the market are holding their breath in anticipation. Focus 2: Macro Super Friday and the Federal Reserve's "Crypto Debut" If Washington decides the "long term," then this week's macro data determines the "here and now." First, due to the government shutdown delay, the U.S. September CPI data originally scheduled for release last week will be announced on the same day as the October Markit Manufacturing PMI data (this Friday, October 24, UTC+8). This creates a rare "macro super Friday." The market generally expects CPI to remain high, with core inflation still stubbornly sticky. These two data points are the most crucial pieces of the puzzle for the Federal Reserve's next rate-setting meeting, and any numbers that exceed expectations could trigger short-term market panic or euphoria on Friday. What the crypto industry should be even more wary of is that the Federal Reserve itself is also "entering the game." This Tuesday (October 21, UTC+8), the Federal Reserve will hold a meeting on "payment innovation." The topics are strikingly close to the core of crypto: stablecoins, artificial intelligence, and tokenization. Federal Reserve Governor Christopher Waller will deliver the opening speech. This is almost the first time the Federal Reserve has so intensively discussed these emerging topics at an official meeting. Are they preparing to embrace, regulate, or "incorporate" them? Waller's wording will be an important indicator for interpreting future regulatory attitudes, especially stablecoin policy. Focus 3: Earnings Season and Internal Market Selling Pressure Beyond the main themes of regulation and macroeconomics, two "noise sources" are equally noteworthy. First, the earnings season in both China and the U.S. is reaching its climax. This week, Tesla, Intel, Netflix, as well as A-share companies CATL and iFlytek, will release their results. In the current fragile market sentiment, the performance of these "bellwether" companies in the tech and AI sectors will directly affect the Nasdaq's trend, which in turn will strongly transmit to the crypto market, where risk appetite is highly aligned. Second is the most direct "selling pressure test" within the market. According to Token Unlocks data, this week will see a large one-time token unlock, with a total value exceeding $50 million. The pressure on several major tokens is not to be underestimated: LayerZero (ZRO): Unlocking about $43.19 million (7.86% of circulating supply) on October 20 (UTC+8) Scroll (SCR): Unlocking about $14.23 million (43.42% of circulating supply) on October 22 (UTC+8) MBG By Multibank Group (MBG): Unlocking about $17.04 million (11.97% of circulating supply) on October 22 (UTC+8) Such intensive unlocking, especially during the sensitive period before macro data releases, will pose a severe test to the liquidity absorption capacity of tokens like ZRO and SCR. Summary In summary, this is by no means a calm week. On Monday (today), a series of data including China's GDP will set the "opening tone" for global risk assets this week; on Tuesday, the Federal Reserve's "payment innovation" meeting will test the boundaries of regulation; on Wednesday, crypto giants will "break through" in Washington; finally, all emotions will be unleashed on Friday with the U.S. "CPI+PMI" data combo. Investors need to fasten their seat belts—this is a week that will test resolve and is also full of uncertainties.
How to Achieve a Super High Win Rate on Polymarket Through Insider Trading?
Original Article Title: How Polymarket Insiders Can Help You Win Almost Every Time Original Article Author: The Smart Ape, LBank Partner Original Article Translation: AididiaoJP, Foresight News How to Find Polymarket Insiders Polymarket is a large and rapidly growing market, with a trading volume exceeding $15 billion since its launch. What is fascinating is that users can employ many advanced strategies to profit, such as arbitrage, providing liquidity, capturing discounts, high-frequency trading, and more. It is still an early and evolving market, now entering a regulatory phase, which means there are still plenty of opportunities. But one method is still largely untapped: insider analysis. Polymarket is an open platform, meaning anyone can create markets on anything. Some markets are entirely based on public information, such as "Who will win the next World Cup?," while others involve events where a small number of people already know the answer, like "Who will receive the next Nobel Peace Prize?" In the Nobel Prize market, the committee responsible for selecting the Nobel Prize laureates obviously knows the results earlier than anyone else, and some of them may quietly use this information to trade on Polymarket. If you can track the movements of these insiders, you can essentially bet on the correct outcome almost with certainty because insiders know exactly what will happen. Another example is "Monad Airdrop by October 31st." The project team and those closely related to the project already know if it will happen, so anyone able to track those wallets has a significant advantage. There are several ways to detect potential insider activity. The simplest method is to use Hashdive(dot)com, which is currently the best Polymarket analytics tool, providing extensive metrics and data for each market. · First, select a market where insider activity may be taking place, such as the Monad airdrop. · Click into that market, and you will see a detailed page including analysis and metrics. · Scroll down to the "Possible Insiders" section. Let's take the first trader on the list as an example: They have wagered $100,000 on "No," and this is their only trade in the market. This is highly suspicious—a new wallet putting in a large sum on a single market. This individual is likely a member of the Monad team or closely associated with them. The goal is not to focus on individual traders but to analyze the collective activity of a group. Some may be true insiders while others may just be following along; the key is in the overall pattern. In this example, almost all top traders have wagered "No." The top eight wallets are all on the same side, each using a new wallet and holding a large position in just one or two markets. This is a clear signal: insiders seem confident that there will be no Monad airdrop by October 30. Currently, the price for the "No" side is around $0.83, implying a potential guaranteed return of nearly 17% by October 30. Some markets do not have a "Possible Insiders" section, which is perfectly normal. For example, the "Bolivia Presidential Election" market is unlikely to have real insiders because in a neck-and-neck competition, nobody truly knows how the people will vote. Therefore, the key is to choose markets where insider information may exist and to track insider movement early. The earlier you spot these movements, the higher your potential profit. If you wait too long, more insiders will join, prices will shift, and your profit opportunity will diminish. Your advantage entirely depends on how early you can discover them. Nobel Prize Case Study One of the best examples of this strategy in actual application is the market: “2025 Nobel Peace Prize winner.” Some traders apparently had the information 9 hours before the official announcement. In a matter of seconds, Maria Machado’s odds surged from 3.6% to 70%, well before the results were made public. This was evidently an insider move, with someone leaking the decision ahead of time. Some traders saw returns 20 times their investment, either because they followed the insider’s lead or because they were the insiders themselves: · Debased turned $2.5K into $75K · CannonFodders turned $900 into $30K · Gopfan 2 turned $700 into $26K They all entered the market as soon as Maria Machado’s odds mysteriously began to soar. These individuals could be members of the Nobel Committee, closely related to the committee, or even investigative journalists who discovered the leak. One thing is certain: some had reliable information 9 hours before the official announcement. When the Polymarket market’s odds jumped from 3% to 70% within minutes, the presence of insiders is undeniable. The Norwegian authorities even launched an insider trading investigation into the matter. Reportedly, they focused on wallet ‘6741,’ which bet $50K a few hours before the results were announced. That wallet had only transacted once and only on this market, which immediately raised suspicions. Why Having Insiders Is Actually a Good Thing Initially, you might think insiders are detrimental to Polymarket, but in reality, they helped it achieve its true purpose. Polymarket's true mission is not about making money or losing money, but about revealing the collective truth about future events. The more insiders there are, the more accurate the price, and the more reliable the information the market provides. Take the Nobel Prize, for example. I don't need to wait for the official announcement; Polymarket has already told me who the winner is. In this sense, Polymarket beats all major media outlets to the punch, which is precisely why it's so powerful. Insiders with reliable information help correct pricing errors and indirectly pass on this knowledge to everyone else through price changes. It's an ultra-efficient mechanism for information dissemination. Without insiders, prices reflect only views and speculation. With them, prices reflect hidden yet real facts. That's why some economists, like the creator of the concept of "prediction markets," believe insider trading is beneficial in this case: It narrows the gap between belief and reality. It also creates a truth incentive system: If insiders trade based on true information, they profit. If they are wrong or lie, they lose. There's no motivation to spread fake news because they'll pay the price for being wrong. Most importantly, these insiders don't harm others. Unlike in the token market, where insiders dump tokens on retail traders, prediction markets are voluntary, and traders are aware of the risk of information asymmetry. It's a game of probability, not long-term investment. Therefore, as long as the rules are clear, insiders can improve the accuracy of predictions without causing systemic unfairness. Tools to Track Them Here are some of the most useful tools for analyzing Polymarket data. This list is not exhaustive, as new tools are constantly emerging. Dune Dashboards: Dozens of Polymarket dashboards, some are overarching (volume, users, trades), others are specialized (insiders, airdrop tracker, whales, etc.). PolymarketAnalytics(dot)com: One of the most comprehensive tools. It lets you track market traders in real-time, discover top alerts, whales, smart money, and analyze performance. Hashdive(dot)com: Another powerful analytics platform. Each market page includes in-depth metrics, as well as a new "Insiders" section to help you identify potential insider traders.
When you encounter ADL, it means you have already taken all the money from the market.
Before you start trading perpetual contracts, you must understand that this is a zero-sum game. Written by: Eric, Foresight News HyperLiquid co-founder Jeff Yan shared some thoughts early yesterday morning regarding HyperLiquid's performance during the weekend market crash, mentioning, "This is the first time in over two years of HyperLiquid's operation that cross-margin auto-deleveraging (ADL) has been triggered." Auto-deleveraging, or ADL, is something that many CEXs try to avoid at all costs, and it's also a frequent topic of complaints among users on X. Of course, it's easy to understand why people complain: auto-deleveraging is when the exchange forcibly closes users' positions, causing them to "make less money." We often see posts on X criticizing exchanges for triggering ADL, which prevents investors from realizing the paper profits they see on illiquid altcoin contracts. Extreme market conditions always prompt new reflections. This time, despite the sharp drop, HyperLiquid experienced no issues with trading or withdrawals, while some perp DEXs were forced to suspend withdrawals, leading many to reconsider the real value of ADL. Insurance Fund and ADL Since GMX, protocol vaults that allow external deposits have almost become standard for perp DEXs, which are essentially the on-chain version of an "insurance fund." For example, during last week's extreme downturn, a large number of leveraged long positions were liquidated, but there was not enough buying interest in the market to absorb them (the buying from active longs and short covering was not enough to offset the market sell orders caused by liquidations). If left unchecked, this would result in some long positions' margin being unable to cover their losses. This is when the insurance fund comes into play, maintaining market balance by absorbing the market orders caused by liquidations at the liquidation price of certain positions. Afterwards, when prices stabilize and new investors enter, these positions can be gradually closed to release the funds locked in them. HyperLiquid's insurance fund is HLP, and Jeff stated that to optimize risk management, HLP is divided into many sub-pools, with only one sub-pool taking over during each liquidation. The triggering of the insurance fund essentially means the market is moving towards an extreme, and the lack of orders in the opposite direction also indicates that the trend is so obvious that even the most reckless gamblers hesitate to go against it. If the insurance fund is about to be exhausted and still can't absorb the ongoing liquidations, then the dreaded but necessary ADL must be used. According to my research, there are two main ADL mechanisms in the market. One is to start auto-deleveraging in advance when the insurance fund's available capital drops below a certain threshold to minimize overall system risk. The other is to forcibly close profitable positions at the liquidation price of losing positions after the insurance fund is depleted and negative equity occurs, until the system is rebalanced. According to HyperLiquid's documentation, it uses the second method, meaning that the first cross-margin ADL in two years indicates that HLP's funds were already or nearly exhausted. Some CEXs use the first mechanism. While some smaller exchanges may maliciously reduce the profits of winners, more often, the complexity of various forms of circular collateral and lending in CEXs means that, in extreme conditions, the intensity of liquidations can be even greater than what is seen in the contract market alone, so a certain margin for error is needed. When ADL occurs, there are certain rules for who gets forced out first, usually considering profit, leverage, and position size. In other words, the largest, most profitable, or highest-leverage whales are the first to be removed from the market. Doug Colkitt, founder of DEX Ambient Finance on Scroll, commented on X about ADL: "The beauty of contract markets is that they are all zero-sum games, so the entire system can never go bankrupt. Not even a single bitcoin is truly devalued; it's just a bunch of boring cash. Like thermodynamics, value is never created or destroyed in the system." Zero-sum is the fundamental premise of this game. Once you truly understand this, you may gain a deeper insight into the financial games you are participating in. How Should You Accept "Making Less Money"? As mentioned earlier, whenever ADL is discussed, users almost always complain. In the eyes of most users, every liquidation or loss is a real hit, but profits are cut short by the system due to insufficient liquidity, which feels extremely unfair. Users feel that since the money lost is taken by other users, market makers, or even the exchange, then when they profit, the others should also pay up accordingly. So you need to understand the true meaning of "zero-sum game." In the perpetual contract market, ignoring fees, the amount of money lost always equals the amount of money won. Your opponents are other retail traders, institutions, market makers, and the exchange's trading team. When even the insurance fund, which is designed purely for user experience and not for profit, can barely cover the losses, it means that no other participant is willing to take the other side of your trade anymore. At this point, if you expect a profit-driven company to use its own uncertain losses to guarantee your certain gains, the likelihood is almost zero. In some cases, such as when unfounded FUD causes a token to drop sharply for a short time, even if ADL is triggered, the exchange may take over your profitable position out of confidence in the project's future (possibly by temporarily freezing profits through withdrawal or redemption restrictions). If you only know that perpetual contracts have isolated and cross-margin modes, know about funding rates, and know how to calculate leverage and liquidation prices, then you are not yet ready to participate in this game. "Zero-sum game" means that when your profits exceed the system's capacity, you cannot take a single penny from outside the system (i.e., the exchange itself). In other words, your profits always have an implicit ceiling, but if you started shorting bitcoin at $1 and bitcoin continues to rise in the long term, your losses have no upper limit. Of course, we can also interpret this optimistically: when you encounter ADL, it means there are no longer enough counterparties in the market to hedge your position, indicating that you chose the right direction before the trend started and held on until everyone agreed it was the right direction; it also means the exchange's insurance fund can no longer or is unwilling to take on more liquidated orders. If the exchange is not maliciously reducing your profits, then congratulations—you have already earned the maximum profit allowed by the rules and tolerated by a profit-driven company, making you the ultimate winner of this game.
Turtle will conduct the Genesis airdrop and announce TURTLE allocation details; airdrop query will be launched soon.
Foresight News reported that the liquidity allocation protocol Turtle has announced its Genesis airdrop and released the TURTLE allocation details. Of the total, 11.9% will be distributed to contributing users: including limited partners and participants (9%), TAC Vault deposit bonus (1.2%), user referrals (0.7%), early users/Discord OG roles (0.3%), Turtle liquidity leaderboard (0.2%), dealer referrals (0.2%), Kaito leaderboard (0.1%), BeraChain NFT (0.1%), Scroll NFT (0.1%), and several other categories. Protocols and partners integrated into Turtle activities and infrastructure will receive a 2% allocation. Turtle stated that Sybil activities and bot accounts have been removed from the system. Airdrop allocations of 1,700 TURTLE or less will be fully unlocked at TGE with no vesting required; for allocations exceeding 1,700 TURTLE, 70% can be claimed immediately at TGE, while the remaining 30% will vest linearly over 12 weeks. After the airdrop launches, holders can stake TURTLE for sTURTLE to gain delegation and voting rights to participate in protocol governance. The airdrop query feature will be launched soon.
Vitalik Buterin unveils the missing link to evolve Ethereum
Vitalik Buterin considers the Fusaka upgrade and its PeerDAS technology as a decisive turning point for the future of Ethereum. By revolutionizing blockchain data management, this innovation could well solve the complex equation between scalability and decentralization. Read us on Google News In brief Vitalik Buterin states that PeerDAS is the central element of Ethereum’s Fusaka upgrade. This technology allows nodes to verify blocks without storing the entire data thanks to erasure coding. Ethereum has just reached six blobs per block for the first time, revealing growing demand from rollups. Ethereum has just reached six blobs per block for the first time, revealing growing demand from rollups. PeerDAS, a technical innovation at the heart of Fusaka Vitalik Buterin has just unveiled an innovation that could transform the Ethereum ecosystem. The co-founder identified PeerDAS (“Peer Data Availability Sampling”) as the key to scaling the network and its sustainability in the face of ever-growing demand. Concretely, PeerDAS allows nodes to verify the existence of a data block without downloading it entirely. Instead of hosting the whole file, they rely on samples, then recomposed thanks to erasure coding. This method, already proven in cybersecurity, fragments the data, adds redundancy, and then enables reconstruction even in case of partial loss. This breakthrough breaks a historic constraint of Ethereum: each node is no longer forced to store all the data to contribute to the network. The result is twofold: increased capacity for transactions and preserved decentralization. Buterin also highlights the system’s resilience: even if several actors act maliciously, the presence of a single honest validator is enough to guarantee the integrity of the process. An architecture that protects Ethereum from potential attacks while enhancing its processing power. This evolution couldn’t come at a better time. Since the introduction of “blobs” with the Dencun upgrade, their use has exploded. In August, Ethereum hit a record with six blobs per block. Layer 2 solutions like Base, Scroll, or Linea already occupy most of this space, generating over $200,000 in fees each week. In this context, PeerDAS appears as a strategic response. By optimizing data management, it offers the network a way to absorb the growing demand without compromising its stability or decentralization. Ethereum adopts a progressive strategy facing a long-term challenge Buterin remains cautious, however. The number of blobs per block will not increase abruptly but in a phased progression. A too rapid scale-up, he warns, could create imbalances and put pressure on certain parts of the network. The Fusaka schedule reflects this gradual approach: deployment planned for December 3, 2025, preceded by public tests on several networks and accompanied by a security audit with 2 million dollars in rewards to identify possible flaws. But the challenge goes far beyond layer 2 alone. In the longer term, PeerDAS could also absorb part of the execution data of layer 1, thus freeing nodes from a currently colossal load. This mechanism would give Ethereum increased capacity to meet growing demand driven by DeFi, stablecoins, and asset tokenization, without sacrificing either the protocol’s neutrality or resilience. This evolution is part of an ambitious roadmap. After Pectra and before Glamsterdam, Fusaka is not just a technical upgrade. It represents a true strategic building block for Ethereum’s future. It reflects a clear desire to prepare the network to occupy a central place in global finance, at the very moment when banks, companies, and states increasingly consider blockchain as a critical infrastructure. Thus, PeerDAS is not a simple technical refinement. It is a direct response to the scalability and neutrality challenges Ethereum faces. By betting on an innovation deployed cautiously but thought over the long term, Buterin seeks to gradually transform the network. If Fusaka delivers as promised, Ethereum could reach a decisive milestone and confirm its ambition: to become the essential infrastructure for global digital finance.
Home staking at risk as Ethereum data loads climb from 70GB toward 1.2TB
Ethereum co-founder Vitalik Buterin has identified Peer Data Availability Sampling (PeerDAS) as a crucial tool for addressing the network’s growing blob storage demands. PeerDAS is a feature of the upcoming Fusaka upgrade. His remarks arrive as Ethereum records six blobs per block, a milestone that has intensified concerns about data bloat across the ecosystem. Blobs were introduced through EIP-4844 as temporary on-chain data containers, designed to lower costs for Layer-2 rollups while avoiding permanent storage pressure. Unlike call data, blobs expire after about two weeks, reducing long-term storage needs while preserving integrity for transaction verification. This structure makes rollups cheaper to operate and enhances Ethereum’s scalability. However, that design has spurred the rapid adoption of blobs across the blockchain network. On Sept. 24, on-chain analyst Hildobby reported that several Ethereum layer-2 solutions, including Base, Worldcoin, Soneium, and Scroll, now rely heavily on blobs. Considering this, the analyst pointed out that validators now require more than 70 gigabytes of space to manage blobs, warning that this figure could balloon to over 1.2 terabytes if left unpruned. This sharp increase has forced developers to look for solutions that balance scalability with storage efficiency. How PeerDAS works Buterin explained that PeerDAS will solve this challenge by preventing any single node from storing the entire dataset and distributing responsibility across the network. According to him: “The way PeerDAS works is that each node only asks for a small number of “chunks”, as a way of probabilistically verifying that more than 50% of chunks are available. If more than 50% of chunks are available, then the node theoretically can download those chunks, and use erasure coding to recover the rest.” However, he noted that the system still requires complete block data at certain stages, such as during the initial broadcast or if a block must be rebuilt from partial data. To guard against manipulation, Buterin stressed the importance of “honest actors” who fulfill these roles. He emphasized, however, that PeerDAS is resilient even against large groups of dishonest participants, as other nodes can assume responsibilities when needed. Increasing Blobs Buterin pointed out that Ethereum’s core developers remain cautious about deploying PeerDAS despite their years of research on the project. To minimize risks, they agreed to stage the rollout through Blob Parameter Only (BPO) forks rather than a single leap in capacity. The first fork, scheduled for Dec. 17, will raise blob targets from 6/9 to 10/15. A second fork, planned for Jan. 7, 2026, will increase limits again to 14/21. This phased approach allows developers to monitor network performance and adjust gradually. Buterin expects blob counts to rise with these changes, laying the groundwork for more aggressive increases later. In his view, PeerDAS will be vital for sustaining layer-2 growth and preparing Ethereum’s base layer to handle higher gas limits and eventually migrate execution data entirely into blobs. The post Home staking at risk as Ethereum data loads climb from 70GB toward 1.2TB appeared first on CryptoSlate.
Vitalik Buterin says Fusaka upgrade's PeerDAS is key to Ethereum scaling
Ethereum co-founder Vitalik Buterin said the core feature of the blockchain's Fusaka upgrade, PeerDAS, is the key to scaling the network. PeerDAS, short for Peer Data Availability Sampling, enables nodes to verify that block data exists without downloading or storing it all. Instead, nodes fetch smaller "chunks" of data, then use erasure coding to reconstruct the rest, Buterin explained in an X post . Erasure coding is a data protection technique that breaks data into pieces, adds redundant information, and distributes those pieces so the original data can be reconstructed even if some parts are missing. Buterin described the approach as "pretty unprecedented" because it removes the need for any single node to hold the entire dataset. In the first version of PeerDAS, full data of a block is still needed in limited cases — when blocks are first broadcast and when partial blocks need reconstruction. Even then, he emphasized that only one honest actor is needed for that "untrusted" role to function, making the process resistant to large numbers of dishonest participants, with future improvements also allowing these two functions to be distributed. Ethereum hits six blobs per block for first time Buterin's comments came in response to a thread by Dragonfly Head of Data "hildobby," who noted Ethereum had just hit six blobs per block for the first time. Blobs are fixed-size packets of transaction data introduced in Ethereum's Dencun upgrade , designed to give rollups cheaper temporary storage than regular calldata. Each block has a limited "blobspace," and the number of blobs per block — the blob count — directly affects how much transaction data can be posted to Ethereum by scaling solutions. According to hildobby, increased blob usage is being driven by activity from rollups like Base, World, Scroll, Soneium, and Linea, among others. Base and World alone are consuming most of the available blob space, with Layer 2s collectively paying around $200,000 per week in mainnet fees. Nevertheless, many blobs remain partially empty, and posting patterns are inconsistent, making blobspace harder to forecast, the analyst said. Average blob count per block. Image: hildobby . Buterin acknowledged these pressures and said blob counts will scale conservatively at first before ramping up more aggressively over time. This cautious rollout, he stressed, is deliberate — core developers want to thoroughly test the system before expanding capacity, despite working on it for years already. While blob counts determine how much data rollups can post per block, scaling them too quickly could put stress on the network. PeerDAS addresses this by letting nodes verify data availability through sampling rather than storing full blobs, which underpins the cautious approach to increasing blob counts over time. Longer term, Buterin sees PeerDAS as key, not just for Layer 2 scaling, but for the Ethereum base layer as well. Once the gas limit rises high enough, he argued, even Layer 1 execution data could be moved into blobs. That would further reduce strain on nodes and unlock scaling headroom, allowing Ethereum to handle greater demand without sacrificing decentralization. Last week, Ethereum developers tentatively set a date of Dec. 3 for Fusaka's launch on mainnet, pending successful testnets rollouts next month. The Ethereum Foundation also launched a four-week audit contest for Fusaka, offering up to $2 million in rewards for security researchers who uncover bugs before the hard fork reaches mainnet.
Scroll DAO undergoes restructuring, foundation will maintain veto power
Scroll DAO will have new governance with foundation oversight Daily operations are under the control of the Executive Board Updated Constitution to be voted on in January 2026 Scroll DAO, a decentralized organization working on developing Ethereum's layer-2 scaling protocol, announced changes to its governance structure. The entity stated that it will not be dissolved, but rather "evolved," with the Scroll Foundation assuming an oversight role and retaining veto power over strategic decisions. Em official forum post , the team highlighted the need for more agile processes to keep pace with the market. "Scroll's rapid growth demands faster alignment, efficiency, and resource allocation than current DAO processes allow," the development team explained. The redesign aims to balance community participation with efficient execution. Under the new model, the DAO's treasury allocations will be annual or biannual, while the foundation will no longer be involved in day-to-day operations and will instead focus on strategic guidance. The Executive Board will be responsible for day-to-day operations, ensuring the DAO's continued operation. The developers emphasized that the changes do not affect the protocol level and that user funds remain secure. Since its launch 11 months ago, Scroll DAO has not directly managed user funds, and protocol updates are coordinated with the Security Council. In the coming days, the project intends to open the recruitment process for a Governance Council, which will be tasked with drafting an updated constitution. This new structure is expected to come into effect during the January 2026 voting cycle, cementing the governance changes. The update comes after Delegate Olimpio announced his intention to temporarily pause the governance mechanism, amid recent leadership resignations. Even with the restructuring, existing programs such as the Delegate Accelerator, the Ecosystem Growth Council, and the Security Allowance Program will remain within their approved budgets and timelines, preserving the progress of ongoing initiatives. Tags: Scroll DAO
Scroll DAO Restructures for Greater Efficiency in Decision-Making
Ethereum $4,532 ‘s Layer-2 scaling project, Scroll, has announced a significant change in its governance structure. The Scroll DAO clarified that it is not being dissolved but instead restructured to align more swiftly with market conditions. The announcement was made on the community forum on Thursday, September 18. Scroll DAO’s New Governance Model The Scroll DAO aims to maintain community engagement while achieving higher efficiency in decision-making processes. With this new structure, the DAO will report directly to the Scroll Foundation. Although the foundation will step back from day-to-day operations, it will continue to provide strategic oversight and exercise veto rights when necessary. The treasury of the DAO will also be tied to a new plan as part of this reorganization. Budget allocations will occur on an annual or semi-annual basis. The project team underscored that these changes pose no risks at the protocol level and assured that user funds remain secure. Implementation Timeline The reorganization will see the operational processes of the DAO managed by the Execution Council. The foundation, on the other hand, will play only a strategic guidance and oversight role. Additionally, it was announced that applications for the Governance Council will open soon, alongside the preparation of a new DAO constitution. The new governance structure is set to be implemented during the voting period in January 2026. During this time, current initiatives such as the Delegate Accelerator Program, Ecosystem Growth Council, and Security Subsidy Program will proceed as per approved budgets and timelines. Following recent resignations, Scroll DAO delegate Olimpio had mentioned a halt in the governance mechanism. Consequently, the updated structure was introduced post these developments.
Scroll DAO Foundation to step back from daily operations while retaining veto power
Scroll DAO, the decentralized autonomous organization behind the Ethereum Layer 2 scaling project Scroll, said Thursday that it is not disbanding the DAO but "evolving it." In a Thursday forum post , Scroll DAO announced an overhaul of its governance, seeking to balance community participation with the "faster" execution needed to keep pace with the market. "Scroll's rapid growth demands faster alignment, efficiency, and resource allocation than current DAO processes allow," the team said. The project noted that the changes carry no protocol-level risks and that user funds remain fully secure. "Since its launch nearly 11 months ago, the Scroll DAO has not managed user funds and Protocol Upgrades will continue to be coordinated with the DAO and executed by our Security Council," the team added. Specifically, under the revamp, the DAO is set to report to the Scroll Foundation, which will provide oversight and retain veto power where necessary. The DAO treasury allocations will shift to an annual or biannual schedule. The Execution Council is expected to handle operations of the DAO, while the Foundation intends to step back from daily involvement, focusing instead on strategic guidance and oversight. The project said it will start recruiting for the Governance Council in the coming days to help draft an updated DAO constitution, with the new structure targeted for implementation in the January 2026 voting cycle. The Scroll DAO's restructuring update came after project delegate Olimpio reported last week that the DAO planned to pause its governance mechanism following a wave of leadership resignations. Meanwhile, several existing initiatives — including the Delegate Accelerator Program, Ecosystem Growth Council, and Security Subsidy Program — are expected to continue under their approved budgets and timelines.
Seven Days, Seven DAOs: Proposal for Governance and Market Flows
Seven major DAO proposals emerged during a turbulent week, including Scroll’s governance shift and the USDH ticker dispute on Hyperliquid. Strategic moves from Ronin and dYdX also contributed to the significant proposals. These decisions impact their respective ecosystems and could directly affect investors. DAOs Heat This Week Over the past seven days, key proposals and debates across major DAOs have painted a volatile picture of on-chain governance. From a Layer-2 (L2) project suspending its DAO operations to crucial votes deciding the future of stablecoins and buyback trends being considered by multiple protocols, the DAO market is hotter than ever. One of the most shocking announcements came from Scroll, which revealed it would suspend its DAO and change to a more centralized model. This move raises significant questions about the balance between development speed and the philosophy of decentralization. In an era where L2 networks are fiercely competitive, Scroll’s “taking the reins” could allow faster upgrades — but also stir community concerns over transparency and user participation. The second central focal point is the validator vote on Hyperliquid (HYPE) to determine ownership of the USDH ticker — one of the platform’s most liquid stablecoins. If control ends up in the hands of a specific group, it could directly impact stablecoin development strategies and trading fees. This battle may reshape capital flows on Hyperliquid and influence the broader DeFi ecosystem. USDH ticker war. Source:
Bitcoin Nears All-Time High with Just 7.4% to Go
Bitcoin is just 7.4% below its all-time high. Market sentiment remains bullish for BTC. Investors are eyeing a potential breakout soon. Bitcoin ( BTC ) is now just 7.4% away from reaching its all-time high, sparking renewed excitement across the crypto community. The leading cryptocurrency has shown strong performance in recent weeks, and many analysts believe a new record could be just around the corner. This recent surge reflects a wave of positive sentiment fueled by institutional interest, macroeconomic shifts, and ongoing adoption of Bitcoin as a store of value. As the price inches closer to its historic peak, traders and investors are closely monitoring market behavior. What’s Driving Bitcoin’s Momentum? Several key factors are contributing to Bitcoin’s upward movement. Firstly, the current economic climate, marked by inflation concerns and unstable fiat markets, is pushing investors toward decentralized assets like BTC. Additionally, institutional players such as asset managers and publicly traded companies continue to increase their Bitcoin holdings. This adds both credibility and liquidity to the market. On top of that, excitement around spot Bitcoin ETFs and halving-related supply constraints are also boosting investor confidence. Historically, when Bitcoin approaches its all-time highs, it tends to trigger FOMO (fear of missing out), leading to further price acceleration. If this pattern holds, a breakout could occur sooner rather than later. 🚨 UPDATE: $BTC is only 7.4% away from its ATH. pic.twitter.com/k7B9wN7TvH — Cointelegraph (@Cointelegraph) September 13, 2025 Is a New ATH Coming Soon? While no prediction is guaranteed in crypto, the current momentum suggests that Bitcoin may soon break its previous all-time high. Market indicators such as trading volume, on-chain activity, and sentiment analysis all point to bullish conditions. However, investors should remain cautious. The crypto market is volatile, and sharp corrections are always possible. Still, being just 7.4% shy of the Bitcoin all-time high is a clear signal that the bulls are in control—for now. Read also: Bitcoin Nears All-Time High with Just 7.4% to Go Crypto Weekly: OpenSea Incentives, Scroll DAO Halt & More XRP Surges Past $188B Market Cap Milestone Fidelity Buys $178M Worth of Ethereum BNB Market Cap Hits Record $131B All-Time High
Will PayFi be the next narrative for RWA?
Can unsecured credit lending protocols work in the DeFi world? Written by: Sleeping in the Rain The market's concerns about this type of protocol mainly focus on the borrower's ability to repay. In plain terms, the key is whether the project can recover the money it lends out—only then will users be more willing to deposit funds for wealth management, allowing the project to operate and earn fees. Only by solving the above problem can such projects truly achieve sustainable development. The solutions generally fall into the following two directions: Maximize the likelihood that borrowers can repay normally Provide corresponding guarantees/insurance for deposit users Therefore, when we look at such projects, we need to focus on these two points. I have mentioned $MPL and $CPOOL in my outlooks for August and September, and next week I will write another article discussing these two projects. Today, let's first talk about @humafinance, a project in the same sector that just announced a $38 million funding round, and take a look at its solutions and new product expansions. 1/ Recently Announced Funding Information ⬇️ Huma Finance recently completed a $38 million funding round, including $10 million in equity investment and $28 million in yield-bearing RWA. The round was led by Distributed Global, with participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture capital arm of Turkey's largest private bank İşbank, among others. Huma Finance plans to use this funding to deploy its PayFi product on the Solana and Stellar chains. Next, I will share my understanding of this project as concisely as possible. 2/ Huma Finance v1 Huma Finance v1 is an unsecured lending platform for businesses and individuals, focusing on the borrower's future potential income—that is, when a borrower takes a loan, the main consideration is the borrower's future income cash flow. As stated in their official Mirror post: "Income and earnings are the most important factors in underwriting, as they are highly predictive of repayment ability." To better advance its vertical business, Huma merged with Arf this year. Arf is a liquidity and settlement platform focused on cross-border payments, supported by Circle (and also collaborates with Solana and Stellar). After the merger, Huma is responsible for the deposit side, while Arf handles lending to the Web2 world and collecting interest, forming a sustainable cycle. (As seen on their official website, the default rate so far is 0%) 3/ PayFi Huma v2 is an expansion of v1. On top of lending, Huma aims to expand its business into the PayFi sector. What is PayFi? "PayFi" was proposed by Lily Liu, Chair of the Solana Foundation (and also an investor in Huma Finance). PayFi refers to new financial markets built around the Time Value of Money. The time value of money means that a certain amount of money held now is more valuable than the same amount received in the future, because this money can generate income, such as earning interest from lending, earning yields from US Treasuries, or completing transactions and transfers at lower costs in less time, etc. Therefore, PayFi is also a sub-sector of RWA. (This is likely why Huma Finance is considering deployment on Solana.) However, although it is RWA, PayFi is different from the RWA assets built on US Treasury yields that the market is familiar with. PayFi's yields often come from transaction fees, cross-border payments, and loan interest, etc. For example, Arf uses Web3 liquidity to provide cross-border transfer services for licensed financial institutions at T1 and T2 levels in developed countries (which can be understood as bridge funding). After interest rate cuts in the US and with greater adoption, PayFi may become the mainstream sub-sector leading the development of RWA. Huma is one of the first projects to enter the PayFi space and has also attracted the favor of VCs and core circles supporting PayFi (just look at the list of investors). At the same time, to become the core infrastructure provider in the PayFi sector, Huma has launched the PayFi Stack to meet the needs of the PayFi sector in trading, currency, custody, financing, compliance, and application building. 4/ Huma Finance v2 On the product side, v2 has achieved a more complex product structure, such as the addition of Senior Tranche, Junior Tranche, and First Loss Cover features mentioned below. Simply put, this upgrade subdivides functions to meet the needs of different users. Huma v2's pools are divided into Senior and Junior Pools. The Senior Pool has a fixed yield, while the Junior Pool has a floating yield, which depends on the project's real-time income. The cost of the higher floating yield in the Junior Pool is that it must bear corresponding losses in the event of bad debt. From a product perspective, I personally believe that in the future, the project may need to subsidize Junior Pool depositors through tokens or other incentives—after all, the Junior Pool is the product's safety module. 5/ How does Arf handle the liquidity provided by investors? After we deposit funds into the Huma Finance Arf Pool, these assets are placed by Arf into a bankruptcy-remote SPV (Special Purpose Vehicle, a legal entity created for specific or temporary purposes, mainly for risk isolation). Arf Financial GmbH, as the service provider, serves the SPV. Lending, cross-border payments, transaction settlement, and risk management are all conducted here. After a transaction is completed, the SPV returns the money and profits from the pool back on-chain. Arf Financial GmbH does not have control over the pool funds. 6/ Filling in the Gaps Here I want to add two points: Arf does a good job in risk control, but this also leads to some issues, such as requiring KYC before depositing, which is not very friendly to many DeFi users. Also, I personally think Huma Finance's UI/UX still has room for improvement. 2. Cooperation with Scroll Currently, we can deposit USDC into Huma on Scroll and achieve triple benefits—over 10% wealth management income + Huma points + Scroll points. 7/ Finally Why have I been looking at these types of wealth management products lately? It's because after liquidating my positions some time ago, most of my assets are in U, so I'm looking for a good place to manage these U. From my personal perspective, before the market shows a potential upward trend, I won't go all in or use leverage, at most I'll do some short-term swing trading.
SEI Bullish Breakout Signals Strong Upside Momentum
SEI breaks key resistance zone and S/R trendline Bullish flag pattern forms above the breakout Price action suggests strong continuation potential SEI, the native token of the Sei Network, just made a powerful technical move that has caught the attention of traders and analysts. The token successfully broke above a significant confluence zone — one that included both a key support/resistance (S/R) trendline and a historically relevant price level. This kind of breakout is typically a bullish signal, especially when followed by sustained price action above the level. In SEI’s case, not only did it break out, but it also held that ground — a strong sign of bullish intent. Bullish Flag Pattern Confirms Momentum What makes this breakout even more compelling is the appearance of a bullish flag pattern right after the move. A bullish flag is a classic continuation pattern that signals the market is consolidating before making another push higher. When this pattern forms above a breakout level, it often leads to a “full send” — or a strong upward continuation. In SEI’s case, the flag is forming cleanly and tightly above the breakout zone, which suggests buyers are in control. This setup often precedes aggressive bullish momentum, especially in trending markets. #SEI could not looks better than now🔥 Crossed above the confluence of Key Zone + S/R Trendline and produced a bullish flag above the one😳 FULL SEND🚀 $SEI pic.twitter.com/dsc3MzdLMK — Alex Clay (@cryptclay) September 12, 2025 What’s Next for SEI? Given the current technical structure, SEI could be gearing up for a major leg up. The alignment of a successful breakout, support hold, and flag formation makes it a high-conviction setup for many market participants. However, as with any market move, traders should be cautious of false breakouts and always manage risk accordingly. Still, if this pattern plays out, SEI might be ready to explore higher levels in the short term. Read also: Crypto Weekly: OpenSea Incentives, Scroll DAO Halt & More XRP Surges Past $188B Market Cap Milestone Fidelity Buys $178M Worth of Ethereum BNB Market Cap Hits Record $131B All-Time High Crypto Market Cap Soars by $280B in Just 7 Days
Altcoin Golden Setup Signals Massive Breakout Ahead
Altcoins are forming a powerful technical pattern Four years of higher lows signal strong accumulation A breakout could create sudden millionaire gains The Altcoin Golden Setup is catching the attention of seasoned traders and crypto analysts alike. Over the past four years, altcoins have formed a classic technical structure—a series of higher lows pressing against a flat resistance level. This pattern is often a precursor to explosive price movements. This setup is comparable to a spring that’s been coiling tighter over time. With each test of the resistance and each higher low, buying pressure builds. Smart money—whales and institutions—are already positioning themselves, quietly accumulating while most retail investors remain unaware or uninterested. Whales Prepare While Retail Sleeps Data from on-chain analysis and trading sentiment tools show that large holders are buying into altcoin positions at a steady pace. This is a signal that the market is being stealthily loaded before a potential parabolic move. Retail investors, on the other hand, are either distracted by Bitcoin or still licking their wounds from the last cycle. History shows that when these setups resolve, the market moves fast—so fast that portfolios barely have time to react. ALTCOIN GOLDEN SETUP IS LOADING ⚡️ 4 years of higher lows. Resistance flatlined. This is the spring coiling tighter every week. Whales see it. Retail ignores it. When it rips… portfolios don’t move. They create millionaires overnight pic.twitter.com/kSEYpLOPS9 — Merlijn The Trader (@MerlijnTrader) September 12, 2025 When It Rips, It Rips Fast Once resistance breaks, the resulting rally can be life-changing. We’ve seen this play out in previous market cycles: projects that traded sideways for years suddenly explode, creating millionaires overnight. Whether you’re a long-term believer or a tactical trader, ignoring this setup could mean missing one of the biggest opportunities of the cycle. Read also: Crypto Weekly: OpenSea Incentives, Scroll DAO Halt & More XRP Surges Past $188B Market Cap Milestone Fidelity Buys $178M Worth of Ethereum BNB Market Cap Hits Record $131B All-Time High Crypto Market Cap Soars by $280B in Just 7 Days
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