# Competition Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Competition", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Mobile: The Next Battleground for Solana

The era of competing solely on blockchain performance and technical roadmaps is over. Layer-1 blockchains must now compete at the top of the application stack—focusing on applications and users rather than just infrastructure. Solana is well-positioned to lead this shift by targeting the Internet Capital Market (ICM), where capital formation happens at scale, especially on mobile devices. Unlike neutral backend infrastructures of the past, L1s now face competition from regulated entities, high-performance tech, and financial giants. Centralized crypto apps like Binance and Coinbase have built their own chains to capture more value, while new chains from companies like Stripe and Circle leverage existing distribution channels. To stay competitive, established blockchains must adopt opinionated approaches to their tech stack usage. Solana’s performance and foundational components make it an ideal default operating system for mobile crypto applications. However, the current on-chain experience remains fragmented and browser-based. Solana Labs, with its mobile-focused initiatives like Solana Mobile and the recent SKR token, is uniquely equipped to drive ICM adoption on mobile. By building vertically integrated application that reflects its design philosophy—integrating DEXs, perpetuals, and payments—Solana Labs can demonstrate large-scale capital formation in action. While some ecosystem developers may fear competition, Solana’s permissionless nature ensures a level playing field. Solana Labs’ efforts can benefit the entire network by highlighting and integrating ecosystem components in ways independent apps cannot, ultimately making the ecosystem more competitive. The winners in crypto over the next five years will be determined by which core teams make the right opinionated decisions to win at the top of the stack—and Solana is poised to lead in mobile ICM.

比推6h ago

Mobile: The Next Battleground for Solana

比推6h ago

SoftBank to Expand OpenAI Investment, Will AI Cryptos Respond?

SoftBank plans to expand its investment in OpenAI, potentially increasing the AI firm's valuation to around $830 billion. This move aims to strengthen SoftBank's position in the AI sector and support OpenAI amid rising competition. Following the news, some AI cryptocurrencies, like Bittensor (TAO) and Story (IP), saw slight gains, though others declined. The overall AI crypto market cap rose slightly to $18.09 billion. However, the market remains volatile due to factors like global trade uncertainty and gold's rally to record highs, which is attracting safe-haven investors. Official details of SoftBank's additional investment have not yet been publicly confirmed.

TheNewsCrypto21h ago

SoftBank to Expand OpenAI Investment, Will AI Cryptos Respond?

TheNewsCrypto21h ago

Compliant Stablecoin Competition Heats Up as Tether Launches USAT to Enter the US Market

Tether, the dominant stablecoin issuer, has launched a new regulated dollar-pegged stablecoin called USAT, specifically designed for the U.S. market under the GENIUS Act framework. USAT is issued through the federally chartered Anchorage Digital Bank, with Cantor Fitzgerald serving as the custodian and primary dealer. Initially launched on Ethereum with a supply of $20 million, it is supported by exchanges including Bybit, Crypto.com, Kraken, OKX, and MoonPay—notably excluding Binance and Coinbase, which have ties to competing stablecoins. Tether will pursue a dual-track strategy: USAT will focus on compliant competition within the U.S., while USDT continues to serve as the global liquidity benchmark in offshore markets. USAT enters a highly competitive landscape, challenging incumbents like Circle’s USDC, World Liberty Financial’s USD1 (backed by the Trump family), PayPal’s PYUSD, and BlackRock’s USDtb. While Tether has substantial financial resources, it remains uncertain whether it will adopt aggressive incentive strategies to spur adoption, as the company has historically opposed yield-bearing models. The success of USAT will depend on Tether’s ability to compete as a regulated latecomer in a crowded market.

Odaily星球日报Yesterday 02:44

Compliant Stablecoin Competition Heats Up as Tether Launches USAT to Enter the US Market

Odaily星球日报Yesterday 02:44

Prediction Market Leaders Are Frantically Competing for Top-Tier Sports IPs

Prediction market platforms are aggressively securing exclusive partnerships with major sports leagues, as seen in Polymarket's recent multi-year deal with Major League Soccer (MLS). This follows similar agreements with the NHL and UFC. While these "official exclusive prediction market" designations don’t legally prevent other platforms from offering markets on these leagues (due to the current ambiguous regulatory landscape for prediction markets compared to sports betting), they provide significant advantages. The core benefits include access to official, high-quality data for more accurate odds and faster settlements, brand authorization for marketing, and collaborative integrity monitoring to prevent market manipulation. With sports-related markets dominating trading volume on leading platforms like Kalshi (over 90%) and Polymarket (43%), competition for these lucrative partnerships is intensifying. This trend mirrors the established sports betting industry, where data and brand deals are crucial for service quality. While the top players battle for mainstream sports, data suggests emerging platforms may find opportunity in niche markets, such as crypto-native events, to differentiate themselves.

Odaily星球日报Yesterday 01:25

Prediction Market Leaders Are Frantically Competing for Top-Tier Sports IPs

Odaily星球日报Yesterday 01:25

Crypto Bill Gets A Boost As US Senator Pulls Card Fees Measure

US Senator Roger Marshall proposed an amendment to a crypto market structure bill that would require large banks to allow at least two unaffiliated networks to process debit and credit card transactions. The measure aims to increase competition and lower swipe fees for merchants, which typically range from 1.5% to 3.5%. While supported by retailers and consumer advocates for potentially reducing costs, banks and card networks warn it could increase fraud risks and implementation expenses. The amendment, which could also affect crypto debit card networks, was temporarily set aside during committee discussions due to concerns about complicating the broader bill. Support and opposition cross party lines, leaving the outcome uncertain.

bitcoinistYesterday 00:32

Crypto Bill Gets A Boost As US Senator Pulls Card Fees Measure

bitcoinistYesterday 00:32

Sei’s momentum vs. Avalanche’s depth – Which network is winning 2026 race?

In early 2026, Sei Network briefly lost its lead in perpetual DEX volume to Avalanche, but quickly rebounded by adding $23 million within 48 hours, reestablishing dominance. Sei also led in user engagement with 7.6 million monthly active addresses compared to Avalanche’s 1.6 million. However, Avalanche maintained a significant advantage in Open Interest at $443 million versus Sei’s $74 million, reflecting deeper liquidity and stronger market confidence. While Sei shows strong momentum and growing adoption among traders, Avalanche’s superior capital depth and stability position it as the more established network. The competition hinges on whether Sei can convert its user growth into sustained financial strength.

ambcryptoYesterday 18:02

Sei’s momentum vs. Avalanche’s depth – Which network is winning 2026 race?

ambcryptoYesterday 18:02

Who Can Catch Ma Huateng's Red Envelope?

The article discusses the intensifying competition among Chinese tech giants in the AI sector, triggered by Tencent’s announcement of a 10 billion yuan cash giveaway through its AI app, Yuanbao, during the Spring Festival. Pony Ma’s move is reminiscent of WeChat’s 2015 “Pearl Harbor-style” disruption of the digital payment market, which helped it compete fiercely with Alipay. Major players like Baidu, ByteDance (with Doubao), and Alibaba (with Qianwen) have also launched large-scale marketing campaigns and春晚 (Spring Festival Gala) partnerships, with billions in subsidies and promotions. The competition has expanded beyond pure AI model performance to include applications, ecosystem integration, and hardware. The AI landscape is described as a “Warring States” era, with ByteDance (compared to Chu), Tencent (Qi), and Alibaba (Wei) leading through distinct strategies: ByteDance leverages short-video content, Tencent focuses on social integration, and Alibaba builds a super-app ecosystem. Other significant players include Baidu and DeepSeek, while smaller firms pivot to niche markets. Despite massive investments—with companies like ByteDance and Alibaba spending hundreds of billions—the industry has yet to find a sustainable business model. Profitability remains elusive, relying on subsidies and user acquisition rather than stable revenue streams like subscriptions or enterprise solutions. Experts suggest 2026 may be a decisive year for AI commercialization, with intensified competition, market consolidation, and potential breakthroughs in monetization. The outcome remains uncertain, and the battle for user attention and market dominance is still unfolding.

marsbitYesterday 03:31

Who Can Catch Ma Huateng's Red Envelope?

marsbitYesterday 03:31

Delphi Digital: The Ultimate War of Super Apps, Coinbase, Binance, Kraken, X Enter the Fray

The article "Delphi Digital: The Ultimate War of Super Apps - Coinbase, Binance, Kraken, X Enter the Fray" argues that the future of crypto industry dominance lies in controlling the interface layer, similar to how leading internet companies like Amazon and Meta succeeded by controlling information discovery and distribution channels. Super apps integrate various crypto services—lending protocols, exchanges, yield sources, and payment channels—into a single interface. Advancements like account abstraction, low-cost rollups, and reliable bridges are solving long-standing user experience issues, enabling real-world use cases beyond speculation. Key players are adopting distinct strategies: - **Coinbase** is diversifying beyond trading, leveraging Base rollup and stablecoin revenue, and making strategic acquisitions (e.g., Deribit, Echo) to combine custodial convenience with permissionless access. - **Robinhood** unifies traditional and crypto finance, using a subscription model to enhance user loyalty and expanding internationally with blockchain-based securities. - **Binance**, with over 270M users, leverages its massive scale to integrate trading, payments, staking, and wallet services, using token discovery programs to drive growth. - **Kraken** focuses on segmented user experiences (e.g., Inky for fast trading, Krak for payments) while maintaining unified underlying technology, and has expanded via acquisitions (e.g., NinjaTrader). - **X (Twitter)** remains a wildcard, with regulatory approvals and partnerships in place but not yet native payment capabilities, posing a potential disruptive threat. The battle for the default crypto interface is intensifying, with the winner poised to capture significant protocol value.

marsbit01/23 03:36

What Happens If XRP Starts Competing With Major Banks?

The article explores the evolving role of XRP and Ripple, suggesting they are transitioning from merely coexisting with global banks to potentially competing with them directly. Ripple's recent strategic acquisitions, such as Hidden Road (now Ripple Prime) for prime brokerage, GTreasury for treasury management, and Rail for stablecoin payments, have expanded its capabilities into core banking functions like clearing, custody, and liquidity services. These moves position Ripple to challenge traditional banks in multi-trillion-dollar revenue streams like treasury, remittances, and custody. Ripple aims to capture a significant share of cross-border transactions, competing with SWIFT, while banks face costly infrastructure upgrades to remain competitive. The shift signals a broader transformation in the line between cryptocurrency and traditional banking.

bitcoinist01/22 21:01

What Happens If XRP Starts Competing With Major Banks?

bitcoinist01/22 21:01

U.S. Banks Push Congress to Restrict Stablecoins and Crypto Data Access

U.S. banks, led by the American Bankers Association (ABA), are urging Congress to impose restrictions on stablecoins and financial data access. They advocate for a ban on yield-bearing stablecoins, warning that such products could draw trillillions of dollars from bank deposits, reducing lending capacity and creating financial stability risks. Additionally, banks seek changes to Section 1033 banking rules to impose stronger liability rules and potential fees on data sharing, which currently allows users to connect bank accounts to crypto platforms. Crypto and fintech groups argue these efforts are anti-competitive, designed to protect banks from innovation, and could effectively kill open banking by blocking connections or charging fees. This dispute has delayed a key crypto market structure bill in the U.S. Senate.

TheNewsCrypto01/22 11:23

U.S. Banks Push Congress to Restrict Stablecoins and Crypto Data Access