Opportunities in Crisis: After the Cetus Theft, Who Will Become the First DEX in the Sui Ecosystem?
1. The first question: Is there still an opportunity for the Sui ecosystem? The largest DEX in the Sui ecosystem, Cetus, experienced a theft incident, but this security event is not an issue with the Sui public chain itself, but rather a vulnerability in Cetus's smart contract (calculation precision issue). On the other hand, the Sui Foundation responded quickly, collaborating with validators to freeze the funds on the hacker's address through a 'transaction ignore' mechanism and plans to further recover cross-chain transferred assets, which prevented any substantial loss of funds. However, recently the TVL of the Sui ecosystem has rebounded, indicating that some funds from Cetus have flowed to other protocols.
The Paradigm of Web3 Product Growth: Points + Rankings + Transaction Mining + Social Mining + Content Mining = The Ultimate Product Growth Flywheel!
1. The ultimate form of the growth flywheel! The points mechanism of the all-chain trading platform UniversalX has added content mining, similar to Kaito's model; by posting related content on Twitter, you can earn points. Thus, not only has the last engine component for UniversalX's product growth been completed, but it has also become the ultimate form of product growth! The points mechanism of UniversalX can be said to set an example for all Web3 projects, becoming a paradigm. This mechanism includes three types of mining: transaction mining, social mining, and content mining. (1) Transaction mining is about increasing transaction volume, encouraging users to trade more.
The Beginning and End of the Solv Big Holder Rights Protection Incident: A Fierce Confrontation Between Idealists and Opportunists
The Solv big holder rights protection incident was like a farce, and it has finally come to an end. Through the hustle and bustle of various voices, we can see many things: some shine brightly, some bare their fangs, while others show their ugly side. What are the facts, what are viewpoints, what is objective, and what is subjective? We can now look back and review. 1. First, let's look at the complete timeline. November 28, 2024: The leading Bitcoin staking protocol Solv Protocol announces TGE (Token Generation Event); @SolvProtocol December 30, 2024: Binance announces the listing of Solv tokens; @binancezh