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The Invisible Giant in the Solana Ecosystem: How Metaplex Quietly Profited During the Meme Craze?
Introduction
In this round of the bull market cycle, Solana is undoubtedly one of the most outstanding public chains. Whether it is the number of active addresses or the fee income, Solana's market share in the L1 market has shown explosive growth:
- The share of active addresses increased from 3.48% to 56.83%, a year-on-year growth of 1533%
- The share of transaction fee income increased from 0.62% to 28.92%, a year-on-year growth of 4564%.
The core driving force behind the prosperity of the Solana ecosystem is the wave of Memes. In addition to Solana itself, DEX projects like Raydium have also benefited greatly. However, there is another underrated project that has also profited significantly - Metaplex.
This article will discuss the following questions:
1. Met

After Pendle achieves a tenfold rise in both Total Value Locked and coin price, the flywheel effect of its ecosystem is about to be activated. As a Token that adopts the ve-tokenomics model, Pendle currently lacks a project similar to Convex to fully realize its potential. Equilibria was born to fill this gap. This article will analyze the mechanisms of Equilibria and its value to Pendle and the entire Intrerest Rate swap field.
vePendle holders can enjoy the following benefits:
1. Participate in voting decisions for incentive distribution
2. Increase the yield of PT/SY fund pool
3. Obtain a 3% YT Interest Rate yield
4. Share 80% of AMM trading fees
These rights are in line with the current industry benchmarks.

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Key predictions for the crypto market in 2024 include the development of L2 networks, the integration of Ethereum and Bitcoin ecosystems, breakthroughs in Web3 gaming, and the expansion of Decentralized Finance. It is expected that the market capitalization of L2 projects will significantly increase, the NFT market will see new competitors, and artificial intelligence protocols are likely to emerge. The overall market will continue to evolve, facing multiple opportunities and challenges.

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Recently, the price of USTC has risen significantly due to the anticipation of the new stablecoin project Mint Cash. Mint Cash is built using Bitcoin as collateral, combined with technologies like Celestia, and the team has a solid background with a positive market response. Investors need to follow the project risks and the team's strength.

Ethereum successfully activated the Pectra upgrade on May 7, which primarily optimized the user account and validators model, especially the EIP-7702 proposal that enhanced the flexibility of user Wallets. However, this upgrade also brought new security risks and network bandwidth challenges. Overall, the Pectra upgrade is seen as an important milestone in the development of Ethereum.

A well-known encryption asset trading platform will hold a grand twelfth anniversary celebration event in Dubai on April 30, 2025, expected to attract thousands of investors, project parties, and industry leaders from around the world. As an important part of the celebration, the platform will also host the SPORT3 DUBAI 2025 Sports Carnival on April 29, aimed at promoting cross-border communication and cooperation in the Web3 industry through easy and vibrant sports scenarios.
On the evening of April 30, the celebration event will showcase multiple highlights. Two high-quality roundtable discussions will be hosted by executives from the platform, inviting participants from Crypto Dimensions, AltCryptoGems, 0G Labs, Animoca Brands, Plume Network, Mrblock &

The rise of RWA may become a new turning point in the crypto market, driving the blockchainization of traditional assets. However, facing multiple challenges such as technology, security, and compliance, success or failure will reshape the power dynamics of the financial system and impact the profit prospects of the crypto industry.

Ethereum is currently facing an imbalance between supply and demand as well as structural issues, with internal demand not being activated, and the tightening external environment leading to a significant net outflow in ETFs. At the same time, the change in supply structure after the transition from POW to POS has made the cost for stakers almost zero, resulting in increased selling pressure due to the lack of bottom-line support. To summarize the lessons learned, it is necessary to focus on cost structure and token development to achieve a sustainable ecosystem.

This episode discusses Coinbase's restart of its stock tokenization plan, which has sparked attention on STOs. The analysis highlights the value and challenges of stock tokenization, maintaining an optimistic outlook on the future of the STO market. Additionally, it examines the changes in the policy environment of the encryption industry and its potential risks.

This week, the crypto market has risen, with Ethereum and AI projects performing prominently. However, the Movement project collapsed due to issues with its market-making protocol, exposing a lack of industry regulation. Meanwhile, the development in the AI and payment sectors is accelerating, and policy regulatory trends are revealing new market opportunities.

The blockchain gaming market is rapidly rising, and fully on-chain games, as an emerging form, completely realize game logic on-chain, featuring advantages such as decentralization and openness. This article explores the origins, characteristics, ecosystems, and challenges faced by fully on-chain games, as well as their future development trends. With technological advancements, fully on-chain games will reshape the gaming industry.

Security: A key issue for the Web3 industry in the next decade
Security issues will undoubtedly become one of the most discussed topics in the Web3 industry over the next decade. This issue presents contradictions and challenges in both decentralized and centralized directions. This article will explore this issue in depth from four perspectives: asset sovereignty, smart contract security, censorship resistance, and wallet security.
The double-edged sword of asset autonomy
Decentralized systems are clearly superior to centralized systems in terms of asset autonomy, allowing users to have full control over their assets. This concept became a mainstream narrative during the DeFi boom and also triggered a massive withdrawal wave.
However, as attacks on smart contracts and incidents of authorized coin theft increase, we find that the enhancement of asset autonomy does not necessarily equate to an increase in security. Many ordinary users lack the ability to identify risks, and managing assets securely on-chain requires a considerable amount of learning time and extensive experience. This has led to

Blockchain financial applications face multiple challenges, including technical efficiency, legal regulation, and unclear policies. To address this, the report proposes measures such as strengthening risk research, improving the regulatory system, and promoting longer cooperation, aiming to promote the healthy development of Blockchain and enhance its application value in the financial sector.

The Sui network has recently attracted a large influx of funds, with nearly $310 million in assets transferred through cross-chain bridges last month, making it one of the top 10 in the Decentralized Finance ecosystem, mainly funded by Ethereum. Stablecoins such as USDC and USDT have seen rapid growth in Sui's TVL, reflecting user trust in the platform. Sui also plans to collaborate with other platforms to enhance its DeFi appeal.

Bitcoin falls below $90,000: 2025 Bear Market warning and response strategies
Recent studies show that a Bitcoin price fall below $90,000 may indicate a potential Bear Market on the horizon, prompting investors to take measures to protect their assets. Evidence suggests that strategies such as diversifying investments, setting stop-loss orders, and using stablecoins can effectively reduce risks. Current market dynamics are influenced by multiple factors, including stock market pressure, capital flows, and geopolitical situations, making the situation quite complex.
Market Overview: Performance is sluggish.
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