Topics of Crypto World

Last week, DEXE surged over 58.3%, delivering a standout performance. IP and IMX also posted strong gains of 41% and 13% respectively, bucking the short-term downtrend. Avalanche's RWA sector saw trading volume soar 130% over the past 30 days, with its market share climbing to 2.69%. The network further advanced in stablecoins, cross-chain assets, and ETFs, while the $1 billion reserve program reignited ecosystem momentum. Meanwhile, the Perp DEX sector continued its bullish run, accelerating into an explosive growth phase with trading volumes hitting repeated all-time highs.

This article examines the competitive dynamics and liquidity structures of centralized exchanges (CEXs) to identify growth opportunities for decentralized perpetual contract exchanges (Perp DEXs). The article analyzes the key differences between the Central Limit Order Book (CLOB) and AMM-based perpetual contract models, focusing on market structure, price discovery, liquidity aggregation, and asset listing strategies as the basis for comparison. Under current market conditions, Perp DEXs are gaining prominence and are well-positioned to capitalize on emerging structural opportunities.

Vitalik suggested that “low-risk DeFi” could become a cornerstone application in the Ethereum ecosystem, much like Google Search is to the internet. The article argues that use cases such as fully collateralized lending, stable payments, and synthetic assets can provide sustainable value and cultural identity for ETH without relying on extreme speculation, making this an important direction that balances both economic benefits and community spirit.

Web3 and AI are converging to create the next wealth-generation window. This article presents 11 high-potential projects, featuring AI research assistants, decentralized cloud computing power platforms, hardware-based yield products, and agent deployment hubs. Covering a range of sectors from AI models and computational resources to ecosystem collaboration, these selections position you to seize the next major opportunity as market sentiment stabilizes.

Gate, a global leading digital asset trading platform, announced that its Launchpad will be the first to launch Plasma (XPL) as its 4th project, with subscription opening soon.

Trading Card Games (TCG) have evolved over more than thirty years since the launch of Magic: The Gathering in the early 1990s. They have become a global industry that integrates entertainment, collection, and investment. Today, the cumulative circulation of trading cards has reached tens of billions, and the worldwide community of enthusiasts continues to expand.

On Sept 24, BTC traded at $112,462 with weak rebound momentum; ETH recovered to $4,192 under mid-term pressure; GT hovered at $16.27 in consolidation. The market stayed cautious. Hot tokens saw strong inflows: SVL surged 61.17%, BARD rose 47.33%, and HEMI gained 53.20%. On the macro side, Vitalik highlighted full-stack openness and verifiability, Tether reportedly seeks up to $20B funding at a $500B valuation, and Seedify suffered a hack, spotlighting cross-chain bridge risks.

The article not only traces the development of similar platforms such as Facebook, Twitter, and Roblox—revealing their transformation from being questioned to becoming global cultural infrastructure and sources of wealth—but also provides a detailed analysis of Pump.fun’s potential and innovations in the live-streaming space.

The article examines the key success drivers behind leading platforms like Hyperliquid, Aster, and Avantis, while also offering an in-depth overview of other promising Perp DEX platforms such as Lighter, edgeX, and Paradex.

The article provides a detailed analysis of several DeFi protocols, including Hyperliquid, Ethena, Maker, and Frax, showing how they leverage native stablecoins or innovative mechanisms to recycle revenues into buybacks, ecosystem funding, and user incentives.

The HYPE token of Hyperliquid has recently experienced a sharp decline, which is believed to be linked to the rise of emerging DEX tokens such as Aster. The article reveals that starting in November, approximately 237.8 million HYPE tokens will be unlocked, creating significant supply pressure, while the buyback program can only cover about 17%. Amid intensifying competition and shifting market sentiment, this could accelerate the token’s price correction.

A bold proposal from Jon and Hasu in the Hyperliquid community is generating significant discussion. The plan calls for burning roughly 45% of the total HYPE supply and reducing the FDV (Fully Diluted Valuation) to align more closely with circulating market capitalization. It also proposes eliminating the predefined future allocation for “Community Rewards & Reserve Pool” to make the token more attractive to institutional investors.

While airdrop strategies in Web3 can rapidly boost user growth and on-chain activity, most struggle to remain sustainable: around 88% of airdropped tokens lose significant value within three months of distribution. Drawing on empirical data across DeFi, NFTs, and Layer-2 networks, this article highlights the disconnect between airdrop hype and retention or community loyalty, and explores which design choices can enable airdrops to deliver genuine long-term ecosystem value.

Gate, one of the world's leading crypto exchanges, announced two major initiatives: the official launch of its proprietary high-performance Layer 2 network, Gate Layer, and a comprehensive upgrade of the tokenomics and ecosystem mechanisms of its native token, GT (GateToken). The move aims to deliver a faster, lower-cost experience for Web3 users while marking a new milestone in Gate's infrastructure and ecosystem development.

Gate Research Weekly Report: This week, BTC declined by 1.99% and ETH dropped by 7.69%, while some DeFi sectors saw gains against the trend. The crypto market experienced its largest liquidation event of the year, with $1.8 billion wiped out. Gate launched its Gate Layer L2 network, marking a full-scale upgrade to the GT ecosystem and its deflationary mechanism. The Ethereum Fusaka upgrade focuses on data availability and security, with PeerDAS ushering in a new era of Layer 1 scalability. Meanwhile, SUI Group revealed a major SUI token holding and stock buyback, demonstrating strong capital reserves and market confidence.