Bitcoin Breaks Through $90,000 to Set New High | Decentralized Finance Industry Biweekly Report

Decentralized Finance Industry Observation

1. The new U.S. president supports cryptocurrency policies.

The newly elected President of the United States clearly supported cryptocurrency policies during the campaign, allowing donations in cryptocurrencies such as Bitcoin and publicly opposing the previous administration's anti-crypto policies. The new president plans to strengthen support for Bitcoin and the crypto industry after taking office, ensuring that the United States becomes a leading nation in crypto and Bitcoin, and announced that the U.S. will retain all national-level Bitcoin reserves.

2. Bitcoin breaks through $90,000 to set a new historical high

This week, Bitcoin performed strongly, briefly surpassing $90,000, setting a new historical high, and once again refreshing its market capitalization ranking. Since hitting new highs last week, Bitcoin's market value has exceeded that of a certain social media giant, firmly securing its position as the ninth largest asset globally. Analysts believe that Bitcoin's recent strong rebound reflects an increase in market demand for crypto assets, while also due to the United States' policy becoming more friendly towards cryptocurrencies.

3. SynFutures launches Perp Launchpad, creating a new model for perpetual contracts.

In the ecosystem expansion of a certain blockchain platform, SynFutures has launched a new perpetual contract platform called Perp Launchpad, which lowers the entry barrier with its unique "one-stop launcher" model. The platform attracts a large number of users with a low Gas environment, deep incentives, and efficient liquidity management. The aim of the platform is to simplify the perpetual contract release process, allowing any token to create trading pairs without permission.

4. The UK's first pension fund directly invests in Bitcoin

Recently, a pension fund in the UK has made its first direct investment in Bitcoin, becoming the first of its kind in the country, with private keys managed by five independent institutions. The fund has allocated 3% of its assets to Bitcoin and plans to launch a Bitcoin employee benefits program. This move signifies a further expansion of pension fund investments in crypto assets, no longer limited to indirect methods such as ETFs.

5. The neutrality of Ethereum is facing challenges.

Two members of the Ethereum Foundation recently announced their resignation from a certain project advisory position, raising doubts within the community. Although they stated that this move is to avoid conflicts of interest, it has sparked widespread discussion about Ethereum's neutrality. Balancing interests in a rapidly evolving ecosystem remains a significant challenge.

6. The number of users for a well-known game has plummeted, causing a significant drop in its token.

The once-popular game saw its monthly active users plummet from 300 million to 41 million, a decrease of 86%. The game's token also crashed by 76% in just over a month. Analysts believe that in addition to the impact of a sluggish market, factors such as the game failing to deliver on promises and delays in rewards have led to user attrition. The development team plans to revive the situation by integrating NFTs and other methods.

7. Ethereum launches the Mekong testnet in preparation for the Pectra upgrade.

The Ethereum development team has launched the Mekong temporary testnet to experiment with code changes for the upcoming Pectra upgrade. The Pectra upgrade focuses on improving user experience and network efficiency, with key changes including enhancements to the cryptocurrency wallet experience and increased staking limits. These features will be gradually deployed to the public testnet and mainnet after being validated on the testnet.

8. Solv Protocol promotes Bitcoin staking standardization

Solv Protocol is leading market standardization by launching the staking abstraction layer (SAL). SAL provides a unified technical framework for staking, addressing the challenges of decentralization and liquidity management in Bitcoin staking, allowing users to easily participate in cross-chain staking and earn returns. This helps to promote the maturation and diversification of the Bitcoin staking market.

9. Innovation Exploration of UniFi Layer2 Solutions

The UniFi Layer2 solution launched by Puffer Finance is centered around Based Rollup + native AVS verification system, creating a new generation Layer2 architecture. This Rollup As A Service model based on Ethereum mainnet functionalities enhances the security and decentralization of Layer2. UniFi adopts a dual-layer verification architecture, improving overall verification efficiency and reliability.

10. Aerodrome becomes the main liquidity engine on the Base chain.

Aerodrome combines various DEX models to become the preferred liquidity platform on Base. It addresses the shortcomings of traditional DEX through innovative mechanisms, capturing 63% of the market share on Base. With the collaboration between Base and a certain exchange, Aerodrome is expected to continue benefiting from the development of the Decentralized Finance market.

Decentralized Finance 数据面板

1. The TVL data remains stable, with little change compared to last week.

2. The total market capitalization of stablecoins reached 178.22 billion USD, with a 7-day increase of 3.04%.

3. A leading exchange still maintains its position in the DEX market. A certain public chain's DEX trading volume reached 14.634 billion USD in the past 7 days, ranking first across all chains.

4. The native token of a certain public chain will unlock approximately 11.31 million coins on November 11, accounting for 2.18% of the existing circulation, with a value of about 128 million USD.

DeFi Radar Insights

• The narrative of meme asset issuance continues to heat up, and attention can be paid to imitations on other public chains.
• The net inflow of funds in a certain public chain is rising, likely to become the next hotspot.
• Pay attention to the native tokens on the new contract DEX platforms, which may become new investment opportunities.
• Meme tokens combined with perpetual contracts have huge volatility, and risk management must be done.