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Share link:In this post: Solana’s daily economic activity surged to an all-time high of $7.9 million on October 22nd. A chart from Blockworks reveals that the network’s real economic activity has exponentially increased since the end of September. Most of the activity comes from tips (Jito) and priority fees, while base fees and vote fees account for the smallest share of the economic activities.
Share link:In this post: The blob competition lasted for a short time, and it may be due to the Scroll airdrop event. L2s may change their behavior and their usage of Ethereum if blobs become too expensive. The event briefly raised L1 rent for the most active chains, with the biggest increase for Scroll and Base.
Bernstein analysts predict bitcoin will reach $200,000 by the end of 2025, calling the forecast “conservative.”
Share link:In this post: JPMorgan economist Haibin Zhu thinks China’s latest economic measures won’t provide the big stimulus needed to revive the slowing $18 trillion economy. Investors and analysts are skeptical, as Beijing’s focus remains on manufacturing and exports instead of boosting domestic demand. China’s property sector is still struggling, with house prices falling and weak government measures failing to make an impact.
- 03:25Two addresses transferred a total of 4,241 ETH to CEX in the past 3 hoursAccording to monitoring by @ai_9684xtpa, in the past 3 hours, two addresses have cumulatively deposited 4,241 ETH to CEX, valued at $11.26 million. · Address 0x55e...3DF26: Built a position at $1,822 on 05.08, liquidated in two transactions 3 hours ago and profited, with an average deposit price of $2,603. If sold, it would yield a profit of $3.238 million. · Address 0x016...19368: Built a position at a high price of $2,743 during the period of 2024.03-05, deposited 2,091 ETH 2 hours ago, and if sold, it would still incur a loss of $174,000.
- 03:24Tokens in the Meme sector see widespread gains, with MOG rising 21.6% in 24 hoursMarket data shows that tokens in the Meme sector are generally rising, among them: PEPE is currently priced at $0.00001589, with a 24-hour increase of 14.2%; BONK is currently priced at $0.00002389, with a 24-hour increase of 13.7%; WIF is currently priced at $1.33, with a 24-hour increase of 16.6%; FLOKI is currently priced at $0.0001165, with a 24-hour increase of 11.7%; MOG is currently priced at $0.051457, with a 24-hour increase of 21.6%.
- 03:02Chainge, the New Project by Multichain Founder, Faces Fund Delays and User Withdrawal IssuesAccording to Protos, the cross-chain DeFi project Chainge, initiated by Multichain founder DJQian, has been reported to have issues with user asset delays, with some funds being stuck for months without being withdrawn. A large number of users have reported in Telegram groups that transactions are stuck, particularly concentrated on the wKAS cross-chain bridge. The official statement attributes the liquidity issues to "malicious actors abusing the service." The Chainge team has repeatedly promised to inject liquidity and restore functionality, but has yet to fulfill these promises, and the wKAS token has severely de-pegged. Despite the ongoing issues, the project's front end remains open for service, and the risk to funds has drawn market attention.