AMA on Discord

Gate Research Institute Weekly Report, this week, the encryption market has performed strongly, with BTC and ETH both experiencing a pump of about 7%. BTC Spot ETF net inflows reached $926 million, and ETH Spot ETF continued to maintain net inflows. World Liberty Financial's sales have reached $12.51 million. Horizon has partnered with China Merchants Securities (Hong Kong) to jointly launch an encryption asset ETF market-making solution. Symbiotic is collaborating with Avail to drive innovation in the Web3 unified framework. Radiant Capital has temporarily suspended the lending market due to a vulnerability attack, with an estimated loss of about $58 million. GOAT meme coin has experienced a big pump of 3,000 times in one week.

According to the latest data, the Polkadot network's transaction processing volume reached 24,327,571 in July, averaging about 784,000 per day, an increase of 9.1% compared to June, showing a good development momentum. Analyzing the performance of various parallel chains, we can observe some interesting changes: Frequency still maintains a leading position, but the growth rate has slowed down, with a monthly trading volume of over 8.33 million transactions. Following closely is Phala, with a trading volume exceeding 4.47 million transactions, showing a slight increase of 3.2% month-on-month. It is worth noting the Mythos parallel chain, which saw its trading volume surge by 42.2%, reaching over 4.16 million transactions, demonstrating strong growth momentum. Moonbeam also performed well, with trading volume surpassing 3.75 million transactions, a month-on-month increase of 11.2%, showing its continued ability to attract users. The newly emerged parallel chain Peaq has entered the top ten for the first time, demonstrating strong development potential with 547,000 transactions. Meanwhile, the transaction volume of the Polkadot main chain itself has also seen a significant increase, rising by 34.8%. Other notable parallel chains include Unique and Hydration, which grew by 11.3% and 16.9%, respectively. In contrast, Neuroweb and Robonomics experienced a slight decline but still remain among the top ten. These data reflect that the activity level of the Polkadot ecosystem is on the rise, with the rapid emergence of new parachains bringing new vitality to the entire network. Although the performance of individual parachains varies, the overall Polkadot network shows a trend of robust growth, demonstrating its potential and appeal as a multi-chain ecosystem. With the addition of more innovative projects and the continuous optimization of existing ones, we can expect Polkadot to perform even better in the future and make significant contributions to the development of the blockchain industry.

Recently, I conducted a comprehensive analysis of the Monke project and found some interesting observations. Firstly, the organizational structure of the Monke community is quite unique. Interestingly, the community's CTO and leadership are primarily composed of women, which is uncommon in blockchain projects, bringing fresh perspectives and diverse leadership styles to the project. Secondly, through research on on-chain data, I found that the project is related to a well-known cryptocurrency project that once had a market value of 200 to 300 million USD. This background may suggest that the project team has extensive industry experience and resources. Additionally, it is worth noting that the famous investor Alon also holds Monke tokens. In the current market environment, Monke's market capitalization is relatively small, which may present a higher growth potential. However, as is often said in the investment community, a low price does not always mean a good opportunity, and investors should still assess carefully. By carefully studying the candlestick chart and wallet activity, the Monke project does show some positive signs. However, like all cryptocurrency investments, its future development still depends on various factors, including market conditions, project progress, and community support. Overall, the Monke project exhibits some unique aspects in terms of community structure and potential value. However, as a relatively small market cap project, its development path may face a situation where challenges and opportunities coexist. Investors should comprehensively assess the risks and rewards when considering such projects and make informed decisions.

In the field of crypto assets, payment solutions have always been the focus of attention. However, an emerging project is quietly changing this landscape, and that is Huma Finance. Unlike projects that focus solely on payment efficiency, Huma integrates payment and financing functions, providing users with a more comprehensive Financial Service. Huma's PayFi network not only supports fast cross-border payments but also provides financing services based on accounts receivable. This innovative model is particularly suitable for small and medium-sized enterprises and cross-border workers, groups that are difficult to cover by traditional financial systems. According to statistics, Huma has facilitated the issuance of 2.3 billion dollars in credit, demonstrating its unique advantages in serving specific markets. From the perspective of token economics, Huma's potential seems to be underestimated by the market. Despite its token HUMA having a total supply of 10 billion, the current market capitalization is only about 60 million dollars, but the cash flow market it targets has a scale of up to 30 trillion dollars. This enormous gap may indicate significant room for growth in the future. Huma is actively expanding its ecosystem, including integration with the Solana ecosystem and launching new features such as auto-compounding vaults. Particularly noteworthy is its innovative concept of 'income as collateral', which could have a profound impact on traditional credit assessment methods. As the crypto financial market continues to evolve, Huma Finance demonstrates not only the characteristics of a payment tool but also an attempt to redefine crypto credit. Its development trajectory is worth the continued attention of industry insiders, as it may represent the future direction of Crypto Assets Financial Service.

In 2022, despite the shrinking crypto market, the decentralized exchange ( DEX ) still showed a different development trajectory. Uniswap remained active and expanded to multiple chains, SushiSwap worked hard to increase its market share, Curve Finance launched a decentralized stablecoin, and GMX grew rapidly. In the future, DEX will face more challenges and innovations.