Trader Han Ba Long Wang believes that the crypto market is a "zero-sum game" where most alts have no real value and wealth relies on external funds. He points out that the popularity of alts is gradually dropping and believes that holding alts in the long term is meaningless, with real gains coming from short-term speculation and opportunities from sporadic events.

David Duong, the research director at Coinbase, pointed out that the Digital Asset Treasury (DAT) is entering a highly competitive PvP stage, where success relies on execution and differentiation, rather than mere replication. The scarcity premium for early participants has dissipated, and the current holdings of Bitcoin and Ethereum-focused DATs account for 5% and 4% of the Circulating Supply, respectively.

According to a report by Jinse Finance, Coinbase's research director David Duong tweeted that we believe the technical demand for crypto treasuries will provide ongoing support to the crypto market in the short term, but the DAT (Digital Asset Treasury) phenomenon has reached a critical turning point. We are no longer in the early adoption phase of the past 6-9 months, but we also do not think we are near the end. On the contrary, we have entered what is known as the PvP phase. This is a competitive stage where success increasingly depends on execution, differentiation, and timing, rather than simply replicating the Strategy playbook.

Gate News Bot news, September 2, according to CoinMarketCap data, as of the time of writing, GAN (Galactic Arena: The NFTverse) is currently priced at $0.000049, with a rise of 12.01% in the last 24 hours, reaching a high of $0.000053 and a low of $0.000043. The current ranking is 4920. Galactic Arena is an NFT battle gaming platform where players can bring their favorite NFT heroes into the game world. The game includes a PvP real-time battle mode, where players can bet their characters and win BNB, BUSD, and GAN token rewards. Additionally, there is "The Carnival" mode, where players can obtain rare prizes through a spinning wheel and card draws. In the future, "Figh

According to Foresight News, L1 Blockchain Arc will launch a stablecoin forex RFQ system, supporting price discovery and 24-hour on-chain PvP settlement, with all operations conducted in a trusted environment.

BlockBeats news, on August 19, according to official news, the new generation aggregation platform triai.fun based on the Base chain has now passed CertiK's security audit for its full platform code. The platform has six major sections, of which three have already been launched. triai.fun abandons the Pump PvP (Player vs Player) gameplay and innovates the PPP (Player Co-building) gameplay, focusing on building a fairer and more sustainable mechanism aimed at achieving a win-win for participants.

Odaily News According to analysis by @AdamTehc, the median holding duration of on-chain PvP players (excluding Snipers) has been decreasing, dropping from a median holding duration of about 200-300 seconds at the end of 2024 to currently just about 60 seconds.

Gate News Bot news, on July 25, according to CoinMarketCap, as of the time of writing, TIMES (DARKTIMES) is currently priced at 0.00096451 USD, having fallen by 21.40% in the last 24 hours, with a high of 0.00180703 USD and a low of 0.0004012 USD. The 24-hour volume reached 974,000 USD. Current market capitalization data is not available. DARKTIMES is a brutal medieval dark fantasy battle royale game that combines the grand scale of classic ARPG with intense PvP gameplay. The game is set in a rugged, humor-filled world, offering unique intense battles, character progression, and elements of medieval black comedy, all integrated into a competitive multiplayer experience. The game uses a top-down perspective, where players fight for dominance in skill-driven combat.

Gate News bot message, according to the official announcement from Gate on June 26, 2025: Gate announced the delisting of 57 token trading markets, including QWAN, COBE, FNZ, CTOK, and others. These tokens were assessed and determined not to meet the platform's standards for opening trading. For users whose assets are stored in Gate and have submitted their forms, the platform has completed the token buyback and credited the corresponding amounts to the users' accounts. The tokens involved include all 57 tokens such as TYPE, DMLG, FOUR, PVP, KBOX, and their corresponding USDT trading pairs. The platform will no longer support the deposit and trading services for these tokens, and the withdrawal services will also cease in the near future. The affected tokens include ARROW, GXA, PAF, AVERY, HENAI, DMR, among others.

According to Gate News bot message, as announced by Gate platform on June 13, 2025: Gate will launch the KAI Battle of Three Kingdoms( SGC) token mining event on Launchpool. The event will take place from June 14, 2025, 20:00 to June 19, 20:00 ( UTC+8 019283746656574839201, and users can participate in mining by staking GT and BTC, with a total mining reward of 20 million SGC tokens. KAI: Sangokushi Taisen - Battle of Three Kingdoms is a blockchain strategy game developed in collaboration with SEGA's "Romance of the Three Kingdoms" IP and double jump.tokyo. The game introduces the SGC token ), referred to in-game as SGCP(, as a governance and utility token. Players can earn SGCP through PvP battles, which can be used to purchase card packs or conduct transactions in the in-game market.

Gate News bot, pump.fun shouted Elon Musk on social platforms: "I'm sorry to learn that you and Trump clashed. While we can't comment, we can offer a solution: referencing Trump's already issued coins (TRUMP), which means you have the opportunity to do the most interesting thing ever. This is the only time we have supported PVP. Now is the time. ”

PANews June 6 news, Meme coin issuance platform Pump.fun posted on X platform “@” Elon Musk saying: “I heard you had a falling out with Trump, and while we can't offer advice, we can provide a solution.” It hinted that Musk now has the opportunity to “do the funniest thing ever” — issue his own Token, even stating “this is the only time we will support PVP (versus).”

Gate News bot message, according to the Gate announcement on May 26, 2025. Gate will launch Elderglade on May 27, 2025, at 18:00 UTC+8 for spot trading. The ELDE/USDT trading pair will be available for trading. Elderglade is a Web3 gaming ecosystem that blends mobile gaming with a massively multiplayer online role-playing game. The project has over 11 million players and is powered by the ELDE token. Elderglade combines casual gaming with MMORPG, starting as a real-time match-three PvP mobile game and will expand into a turn-based MMORPG looting game in the future. The contract address for the ELDE token is 0x799a290f9cc4085a0ce5b42b5f2c30193a7a872b( on the BSC chain ) and 0x8755d2e532b1559454689bf0e8964bd78b187ff6( on the Kaia chain ). Currently, Elderglade has become one of the more active ecosystems in Web3, with 7 million wallets and over 3.7 million on-chain transactions.

Jin10 Data reported on May 15 that Open Source stated during an institutional research meeting on May 14 that compared to the previous two years, PVP prices have dropped significantly and are currently stabilizing. In the future, as the company's product structure upgrades and the proportion of high-end products increases, the average price of products will rise. Additionally, the company's PVP export ratio is about 50%, with export regions primarily in Europe, the Middle East, Southeast Asia, and India, while the export to the United States is relatively low, around 3%–5%, and is less affected by the China-U.S. trade tariffs.

Odaily Planet Daily News According to Jason Yanowitz of Empire, if it weren't for the spending spree of over 20 billion US dollars from the end of last year to this year by MicroStrategy founder Michael Saylor, the price of BTC would be much lower than it is now. Therefore, he believes that this puts us in the early stages of this cycle. In addition, he mentioned, 'We have not seen enough venture capital, it's very PvP.' His views are supported by Dan Matuszewski of CMS Holdings, who said, 'My guess is 2021'

Empire analyst Jason Yanowitz pointed out that besides the BTC purchased by Strategy, the market is still in its early stages and relies mainly on small players in the PvP stage trading with each other. Dan Matuszewski said that the current market lacks liquidity and substantial capital inflows. Although the market position is uncertain, regulatory policies may become a catalyst.

Jinse Finance reported that on February 7th, Vitalik Buterin, co-founder of Ethereum, stated in a post that when encryption Twitter and venture capital firms believe that most users are losing money in PvP.

Ethereum founder Vitalik expressed discomfort with the market's fit with the encryption community and venture capital, which has led to user losses in PvP gaming projects. He also feels frustrated and uncomfortable with suggestions from some who do not understand the internal structure of the Ethereum Foundation regarding personnel changes. However, he still firmly believes that he is worthy of fighting for valuable things and deserves to strive for them.

Core Foundation launches Core 2025 Game Hackathon, offering a prize pool of $380,000, lasting for four weeks, requiring participants to build high-performance, decentralized games on CoreBlock on-chain, exploring more possibilities of BTC in the gaming field. The track categories include casual games, social PvP games, and puzzle games.

BlockBeats news, on January 19th, encryption KOL Ansem stated on his social media platform, "You don't understand that we have been using MEME to PVP each other, with up to 400,000 holders at most. You are not ready to face it when the number of holders is 40 million instead of 40.

BlockBeats News, on January 10th, CryptoQuant CEO Ki Young Ju stated on his social media platform that the altcoin market is currently in a zero-sum game.

ChainCatcher news, the first full-chain AI match-3 game Crypto Rumble's Phase 1 beta test is officially launched on the Linea Mainnet. Players can participate in the beta test to experience various gameplay, including new Non-fungible Token hero cards, PvP battles, Decentralization combat system, and win abundant rewards. The game includes prizes such as Non-fungible Token cards, tokens, stablecoins, and exclusive items. All players participating in the beta test will also receive limited-time rewards and exclusive badges. It is reported that only 1000 early bird players with a whitelist can participate in this public beta test, and the prize pool can reach up to $50,000. They also received additional rewards from multiple memecoin and Non-fungible Token projects on the Linea chain. This public beta test will test the stability of the game and provide feedback for optimization of future versions. Crypto

In November, trader Eugene conducted a total of 70 transactions on the X platform, with a win rate of 75%, setting a personal record for the highest number of transactions. Looking to the future, Eugene expects that after BTC surpasses $100,000, the market will still be in PvP mode, predicting that ETH and SOL will have excellent opportunities, but there will also be high-risk Tokens to follow. He believes that BTC will not fall below $85,000, otherwise the overall market risk situation will be very bad.

BlockBeats News, on November 25th, top trader Eugene shared his operating philosophy for this bull market on his social platform, saying: 'Forgive me for being frank, but I don't think cycles will play the same role as they did in the past, and using historical heuristics as a benchmark will only make you lose money. The infrastructure is already mature in material terms, and there are huge differences in marginal buyers in different aspects of the market, PVP and PVE.

Top trader Eugene said that the PvP level of the cryptocurrency industry is reflected in the price fluctuation in October. The vote shows that the winners and losers are almost evenly split, indicating that the altcoins have not yet received inflows of funds, and non-coercive errors dominate the performance. It is necessary to reflect on whether there are mistakes in their own transactions. Those who lack discipline and do not adhere to a good layout ultimately return the profits to the market.

Pina Mania, developed by the MettleGame team, is a ServerFi game that combines gameplay and economic models, including adventure and match-three Mining modes, a unique Token economic system, and engaging PVP/PVE modes and Affiliate program, aimed at increasing Token value and player loyalty, and ensuring economic sustainability.

Wherever there is Liquidity, there is attention; wherever there is Liquidity, there is opportunity; wherever there is opportunity, there is attention.

Golden Finance reported that Partior in Singapore has completed the proof-of-concept for forex payment versus payment (PvP) settlement, with participants including JP Morgan, DBS Bank, and Mizuho Bank. PvP settlement eliminates settlement risk by simultaneously exchanging two currencies. Partior's solution supports 24/7 real-time atomic settlement and is scheduled to launch later this year.