Key Market Information Discrepancy on March 24th - A Must-Read! | Alpha Morning Report
Featured News
1. Possibly influenced by the "Trump Pump" news, TRUMP surges over 12% in a short time
2. Metaplanet further accumulates 150 BTC, raising total holdings to 3,350 BTC
3. Ethena TVL surpasses $6.5 billion, hitting a new all-time high
4. PancakeSwap records $3.45 million in revenue in the past 24 hours, while Uniswap sees only $123,000
Articles & Threads
This article analyzes the key issues with current token design, including liquidity mining, no-barrier airdrops, high FDV (Fully Diluted Valuation) and low circulation, and the lack of revenue sharing or value accrual mechanisms. Excessive incentives and unreasonable token releases have led to market dilution and price drops, hindering long-term value creation. To address these problems, a demand-based unlocking plan is proposed, emphasizing that tokens should be sold at a discounted price to genuinely committed users and ensuring the token's long-term value and market demand through revenue sharing and value accrual.
2. "Two Million Gasless Transactions in a Month: Is Account Abstraction a Trend or a Bubble?"
The article summarized that within 30 days, 89 projects on 9 blockchains had conducted over 2 million gasless transactions using an ERC-4337 smart wallet, saving approximately $11,700 in gas fees. However, the surge in transaction volume may mask the true user demand, as one-time activities such as NFT minting and airdrops led to a temporary increase in wallet count but low retention rates. The data indicates that Gas sponsorship can attract users, but sustained engagement relies on compelling applications. While ERC-4337 has promoted the adoption of gasless transactions, it faces technical complexity and cost challenges. In the future, EIP-7702 is expected to further simplify and expedite its adoption.
Market Data
Daily Market Overall Funding Heat (as reflected by the funding rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocks
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