tokens

Analysis: 64% of the tokens in Wintermute's top 25 Meme coin holdings have been listed on Binance

ChainCatcher news, according to on-chain analyst @ai_9684xtpa, currently 64% of the tokens in Wintermute's top 25 Meme coin holdings have been listed on Binance, with only 6 of them listed on both spot and futures, while the rest are only listed on futures.For market makers, this hit rate is already very high; for recently added market-making projects or those with a higher holding ratio, the rate may be even higher. The Meme coins that are participating in market making but have not yet been listed on Binance include: PEPECOIN, APU, SPX, COQ, MANEKI, michi, MOTHER, REKT (a newly added market-making project three days ago), and BENJI (the project with the lowest market cap among the top 25 holdings).The common characteristics of the tokens that Wintermute participates in market making and have been listed on Binance include:The community has sufficient enthusiasm;The market cap before listing on Binance is greater than $10 million and less than $500 million;Wintermute's initial holding ratio is not less than 1%.Recent significant data changes in Wintermute's holdings are as follows: 1. The holding ratio of NEIRO (in uppercase) surged by 13.57%, making it the token with the highest holding ratio; 2. GOAT has surpassed MOODENG to become the number one Meme coin in holdings; 3. The value of the POPCAT position has increased to $18.1 million, ranking third; 4. REKT is its latest market-making project.

Vitalik: Simply issuing tokens and creating exchanges signifies the failure of the industry; this year is the best time to create meaningful applications

ChainCatcher message, Ethereum co-founder Vitalik expressed in an interview with Tencent's "Deep Dive" that he is concerned that if particularly smart people do not engage in Crypto, those who remain in the Crypto space may not have any interesting ideas, and the only applications will be the financial applications that have been around for many years. This would lead to a situation where—issue a token, create an exchange; issue another token, create another exchange; issue yet another token, this token features cute dogs—these things are fun, but if they are the only things our industry is doing, then the industry is failing. The challenge our industry faces is to create applications that are both meaningful and widely engaging.Regarding why the Ethereum ecosystem and the Web3 ecosystem still lack practical applications, Vitalik stated that before this year, transaction fees were too high, some important technologies were not mature, and issues related to account security and privacy had not been resolved. Therefore, before this year, our industry did not have enough technology to create applications that ordinary people could participate in. One reason for the success of DeFi applications is that DeFi can generate more money. This year, we have finally started to address these issues. This year is the best time to create meaningful applications.
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