# Пов'язані статті щодо Casino

Центр новин HTX надає останні статті та поглиблений аналіз на тему "Casino", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

Earning Millions Daily in a Sluggish Market: Is Pump.fun's Revenue Real?

Despite a perceived market downturn, pump.fun remains a top revenue-generating crypto-native application, ranking fourth in earnings behind only Tether, Circle, and Hyperliquid across various timeframes. Its daily income consistently exceeds one million USD, derived from three primary sources: a 0.95% protocol fee on bonding curve transactions, a token’s "graduation" fees on Pumpswap, and revenue from its acquired multi-chain trading platform, Terminal (formerly Padre). On-chain analysis confirms the bonding curve revenue is authentic, with no evidence of fake transfers or data manipulation. However, questions arise about the organic nature of this activity. While Solana’s daily active addresses range between 1.2-2.2 million, pump.fun sees about 150,000, with roughly 30,000 new tokens deployed daily. Data suggests a significant portion of tokens are launched by a small group of sophisticated deployers, not organic users. Moreover, research indicates that 98.6% of tokens on pump.fun are pump-and-dump schemes, turning the platform into a low-cost, high-efficiency "casino" where deployers profit at the expense of retail investors. Despite pump.fun using nearly all its income to buy back its native token, $PUMP, the price continues to fall due to a lack of buyer confidence and organic demand. The fundamental issue is not revenue authenticity but the platform's role in facilitating a predatory ecosystem, making it unattractive to long-term institutional investment.

marsbit03/21 03:18

Earning Millions Daily in a Sluggish Market: Is Pump.fun's Revenue Real?

marsbit03/21 03:18

You Can Turn Everything into a Meme, But Cherish This Cathedral

The article "You Can Turn Everything into a Meme, But Cherish This Cathedral" reflects on the crisis of values in the crypto industry, contrasting its original vision as a "cathedral" of innovation and idealism with its current state as a speculative "casino." It begins with the story of Peter Steinberger, the developer behind the open-source AI project Clawd bot, who was harassed by crypto speculators after they launched a meme token (CLAWD) without his consent and blamed him for its crash. The piece traces the industry’s shift from its early ideals—exemplified by Dogecoin’s community-driven generosity and the constructive ethos of DeFi Summer—to the speculative frenzy fueled by pandemic-era liquidity. This transition enabled the rise of "the tyranny of the mob," where communities driven by financial gain rather than shared values began to target creators, including Dogecoin’s Billy Markus and Ethereum’s Vitalik Buterin, who faced moral coercion and harassment. In 2025, 11.6 million crypto projects failed, highlighting the scale of speculative abuse and the industry’s meme-driven degradation. This culture harms builders, distorts leadership, deters serious investment, and invites harsh regulatory scrutiny. The article concludes by urging a return to the original mission of crypto—building a fair, decentralized future—before the echoes of casino culture drown out the cathedral’s bells for good.

marsbit01/28 08:01

You Can Turn Everything into a Meme, But Cherish This Cathedral

marsbit01/28 08:01

Public Chains 2025: The Bustle Belongs to the Casino, the Desolation to the Ecosystem

The 2025 public blockchain landscape reveals a stark divide between hype and reality, with a severe concentration of value and widespread "zombification" of projects. Analysis of DeFiLlama's on-chain fee data exposes a critical structural issue: the crypto space is dominated by a "profit concentration and long-tail zombie" era. Notable examples highlight this crisis. Algorand, a chain with a $1 billion market cap and advanced technology, generated a mere $17 in daily fees, while Cardano, a top-10 asset, saw only around $6,000. These "classic chains" are likened to empty, expensive cities with no real economic activity. The biggest value capturers are not the most technologically elegant chains. Tron leads with $1.24 million in daily fees, succeeding as a low-cost payment rail for USDT transfers—crypto's only true mass-adoption use case. Solana ($600k daily) thrives as a high-frequency casino for meme coins and speculation, and Base ($105k daily) demonstrates that distribution (via Coinbase) is more critical than pure technology. The only validated business models generating significant fees are low-cost payments, high-frequency speculation, and, to a lesser extent, Ethereum's asset settlement layer. The VC-driven model is failing. New chains like Sui, Sei, and Starknet, which raised hundreds of millions, show a severe disconnect between their high valuations and meager daily fee revenue (ranging from $320 to $12,000). Their lifecycle often follows a "pump and dump" pattern: VC funding -> airdrop farming -> token listing -> user exodus -> collapsed on-chain activity. The industry suffers from a massive oversupply of block space with a dire lack of killer applications. The article concludes that investors must shift from valuing narratives to scrutinizing financials. They should avoid "zombie coins" with high valuations and negligible fees, focus on chains with organic, fee-generating demand, acknowledge that distribution and community are now more valuable than pure tech, and see through the VC subsidy game. This is a necessary market correction; only by paying for real, generated value—not promised future stories—can the industry achieve healthy growth.

比推12/18 06:36

Public Chains 2025: The Bustle Belongs to the Casino, the Desolation to the Ecosystem

比推12/18 06:36

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