BTC $62,864.35 -0.85%
ETH $1,878.12 -0.44%
BNB $606.12 -0.68%
XRP $0.9979 -1.19%
SOL $75.11 -1.49%
TRX $0.3323 -0.48%
DOGE $0.0698 -0.58%
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AAVE $85.64 -2.90%
SUI $0.6785 -1.00%
XLM $0.1589 -0.61%
ZEC $491.39 +1.16%
BTC $62,864.35 -0.85%
ETH $1,878.12 -0.44%
BNB $606.12 -0.68%
XRP $0.9979 -1.19%
SOL $75.11 -1.49%
TRX $0.3323 -0.48%
DOGE $0.0698 -0.58%
ADA $0.1792 -1.34%
BCH $203.37 -1.46%
LINK $8.94 +1.27%
HYPE $55.64 -3.18%
AAVE $85.64 -2.90%
SUI $0.6785 -1.00%
XLM $0.1589 -0.61%
ZEC $491.39 +1.16%

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Gray Research Director: ETH and SOL may face supply contraction, and the reduction of inflation mechanisms will strengthen token scarcity

Grayscale Research Director Zach Pandl stated that the two major blockchain networks, Ethereum (ETH) and Solana (SOL), are considering adjusting their token economic models to enhance asset scarcity by reducing future token supply growth through lowering annual inflation rates. As important native assets supporting stablecoins and tokenized asset ecosystems, the prices of ETH and SOL are primarily determined by supply and demand dynamics. If the relevant code upgrade proposals are approved, under unchanged conditions, lower supply growth may provide support for token prices.According to Grayscale's analysis, if the relevant adjustments are implemented, the supply inflation rates of BTC, ETH, and SOL will continue to decline over the next five years. By the end of 2031, the annual inflation rates for Bitcoin and Ethereum are expected to be around 0.4%, and Solana around 1.1%, which is lower than gold's annual supply growth rate of about 1.8% and the U.S. CPI inflation level of about 3.3%. Currently, these token economic adjustments are still in the community discussion phase. Among them, the Solana-related proposal has gained broader support and has a higher likelihood of implementation; the Ethereum proposal still requires further discussion.If the adjustments are implemented, staking users may face reduced token rewards, as part of the staking income comes from the issuance of new tokens. However, due to the decline in the growth rate of circulating supply, the scarcity value of the tokens may increase, potentially providing price support. For ETH and SOL holders who do not participate in staking, they may benefit directly; the final returns for stakers will depend on the balance between the decrease in rewards and the increase in prices. Zach Pandl concluded that ETH and SOL are becoming important digital commodities supporting stablecoins and the tokenization of real assets, and the economic model adjustments aimed at reducing inflation may further strengthen their scarcity attributes.

hot_img Binance launches Kuaishou, Meituan, SK Hynix double long, Samsung double long TradFi perpetual contracts

On August 11, the Binance contract platform launched four U-based perpetual contract trading pairs, including Kuaishou (KUAISHOUUSDT), Meituan (MEITUANUSDT), as well as the Southern Eastern SK Hynix Daily Leverage (2X) product (CSOPSKHYNIX2LUSDT) and the Southern Eastern Samsung Electronics Daily Leverage (2X) product (CSOPSAMSUNG2LUSDT). The Kuaishou and Meituan contracts support a maximum leverage of 20 times, while the two Korean semiconductor ETF products support a maximum leverage of 10 times, with a funding rate cap of ±2%, settled every eight hours, supporting a multi-asset model.Among them, CSOPSKHYNIX2LUSDT tracks the Southern Eastern SK Hynix Daily Leverage (2X) product listed on the Hong Kong Stock Exchange (code 7709), and CSOPSAMSUNG2LUSDT tracks the Southern Eastern Samsung Electronics Daily Leverage (2X) product (code 7747), corresponding to the two major storage chip giants SK Hynix and Samsung Electronics with double long exposure. This is Binance's further expansion in the field of traditional asset perpetual contracts, bringing Hong Kong stocks and Korean tech stock leverage products into the crypto derivatives market. Binance reminds users that digital asset prices are highly volatile, and contract trading carries high risks; investors must bear the related risks themselves.
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