Market dynamics you must know on September 10｜Rhythm Evening News

Featured News

1. Aave v3 has re-enabled the collateral repayment function

2. Wintermute currently holds 0.5% of the total supply of NEIRO, or is the market maker of the latter

3. Fractal Bitcoin Mainnet Launch Plan Token Rewards Have Been Fully Distributed

4. Ethena: Airdrop Inspection Page Postponed to Next Monday

5. Bitcoin's total network contract holdings rebounded by 3.16% and are now reported at US$29.688 billion

6. CoinGecko Report: Magic Eden's trading volume exceeded US$120 million in August, with a market share of 36.7%

Trending topics

Source: Overheard on CT (tg: @overheardonct), Kaito

FRIENDTECH: The main discussion around FRIENDTECH today focused on its effective closure due to developers giving up control of smart contracts, which sparked widespread criticism and debate in the crypto community. Many users were disappointed that the team chose to withdraw and no longer develop the platform after making huge profits. Despite the closure of the platform, some people believe that due to the open nature of the contract, other teams may still develop it in the future. This incident has triggered a wider discussion on the sustainability and management of crypto projects.

$PORK:Today’s discussion on PORK focused on its jump to #35 on the Memecoins rankings, with a 28% increase in market cap to $63 million. User tweets were filled with anticipation and excitement about PORK’s potential, with many comparing it to other tokens such as PNDC. Overall, sentiment for PORK was positive, with users encouraging others to join the momentum and noting its popularity in social events.

$NEAR:Today’s discussion on NEAR focused on several key developments, with NEAR integration completed, driving a significant increase in tokenized assets on the network, with total value locked (TVL) jumping from $54 million to over $630 million. In addition, NEAR’s strategic focus on AI and chain abstraction was highlighted, with Grayscale launching the NEAR Trust, recognizing its potential in the crypto space. NEAR’s active developer community and growing user base also further enhanced its influence. At the same time, NEAR is also involved in multiple projects and collaborations, such as integration with RWA_xyz and participation in the TOKEN2049 event.

ThreadsTweets

1. Regarding the debate on Ethereum and L2, the key point we overlooked is user adoption,@0xLouisT

2. Regarding the view that FriendTech gave up contract control because of its product difficulties,@thecryptoskanda

3. Discussion on Solana's SVM Rollups,@irvinxyz

Featured Articles

1.《Venture Capital: so you want to invest in startups, anon?》

@ROUTE2FI

How to become a venture capitalist? How to create a VC? How to become a successful venture capitalist? How can you have the opportunity to invest in protocols and be at the forefront of the market?

2.《How much does it cost to run an L2? 》

Sharanya Sahai,Hashed Emergent

The three major categories of initiatives highlighted in this article will be key to promoting industry popularization, with the ultimate goal of narrowing the gap in cost and convenience between decentralized applications and Web2. Builders should carefully evaluate the cost-benefit analysis of running an independent chain versus building on an existing chain based on their end-user needs, product priorities, performance metrics required for their application scenarios, and existing market appeal.

3.《Is Solana's inflation rate high? ｜Featured Report》

Lostin, Helius

This paper explores Solana's inflation schedule and token issuance mechanism from the perspective of the past, present, and future. We analyze the current mechanisms used to calculate and distribute inflation and identify countervailing forces that reduce inflation. In addition, we evaluate the potential impact of SIMD-96, discuss the main arguments for adjusting the inflation rate, and analyze changes in inflation schedule parameters through modeling assumptions.

4.《The crypto community with the strongest purchasing power, how do project parties enter the Korean market? ｜Featured Thread》

Ash, crypto KOL

A simple marketing campaign can be planned like this: define clear marketing goals and set specific actions for users → work with media agencies and consulting firms for SEO optimization and launch Korean translated research reports → plan KOL promotion activities to expand influence. In a saturated market, most traditional marketing strategies are no longer enough to stand out. Korean investors are increasingly tired of the constant emergence of task activities and token/node sales. To stand out, you must be creative and provide real value, such as attractive incentives or financial gain opportunities.

Biggest Gainers Losers

Token volatility on September 10, sorted by volume

Top Gainers

1.$WZRD (Bitcoin)

2.$PUFF (Mantle)

3.$AXGT (Ethereum)

Top Losers

1.$DCC (Solana)

2.$VISTA (Ethereum)

Today’s Hot Meme

September 10 meme fund flow, sorted by trading volume and increase

1.$NEIRO (Ethereum)

2.$WIF (Solana)

3.$CATE (Ethereum)

On-chain Data

September 10 On-chain fund flow