# Decentralized Related Articles

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

DeAgentAI Announces Establishment of AIA Ecosystem Fund, Focusing on 'AI Agent + Physical AI' Track

DeAgentAI, a leading decentralized AI infrastructure project on SUI and BNB Chain, has announced the establishment of the AIA Ecosystem Fund. The fund will focus on the integrated track of "AI Agent + Physical AI," aiming to incubate and accelerate the next generation of AI applications with autonomous decision-making capabilities and extend AI technology from on-chain intelligence to the real world. The fund will provide comprehensive support in technology, user traffic, and ecosystem resources. Its core investment directions include AI Agent applications with autonomous on-chain execution and multi-agent collaboration capabilities, and Physical AI projects that extend AI inference into the physical world through hardware and computing efficiency. The fund has already made seed-round investments in two projects: - AliceAI: An AI-driven prediction market decision system that compresses fragmented information into verifiable, tamper-proof decision signals, offering a full-cycle solution from signal generation to automated execution via Telegram Bot. - An ASIC AI chip project: A custom hardware solution designed specifically for Transformer-based inference, aiming to reduce token processing costs to less than one-tenth of current GPU solutions while significantly improving energy efficiency and lowering latency. According to DeAgentAI’s founder, the goal is to bridge the gap between on-chain intelligence and the physical world, supporting key protocols that connect users to the future of Physical AI.

marsbit04/14 10:21

DeAgentAI Announces Establishment of AIA Ecosystem Fund, Focusing on 'AI Agent + Physical AI' Track

marsbit04/14 10:21

TAO is Elon Musk who invested in OpenAI, Subnet is Sam Altman

The article, titled "TAO is Elon Musk who invested in OpenAI, Subnet is Sam Altman," presents a critical analysis of the Bittensor (TAO) project. It argues that Bittensor functions as a decentralized AI marketplace where TAO tokens fund AI research via subnets. However, the author highlights a fundamental flaw: subnet operators have no obligation to return any value, such as AI models or profits, back to the TAO ecosystem or its token holders. This structure is likened to Elon Musk's early investment in the non-profit OpenAI, which later commercialized its technology without returning value to its initial benefactor. The bear case posits that Bittensor is essentially a wealth transfer from crypto speculators to AI researchers ("miners"). Subnets can use TAO incentives for development and then take their successful products elsewhere, leaving TAO holders with diluted tokens from inflation and no captured value. The lack of enforced equity or binding mechanisms means the project relies on a "hope" that subnet tokens maintain value. The optimistic perspective counters that two factors could create a successful, self-sustaining economy: 1) AI's perpetual and massive resource needs could incentivize subnets to stay for continued funding, and 2) crypto has a proven ability to aggregate resources through token incentives, as seen with Bitcoin and Ethereum. The conclusion states that investing in TAO is a bet on a博弈论 (game theory) miracle—that soft incentives alone will be enough to keep the best subnets within the ecosystem and create a flywheel effect. This outcome is possible but represents a highly skewed, low-probability success scenario amidst significant risks of failure.

marsbit04/13 14:01

TAO is Elon Musk who invested in OpenAI, Subnet is Sam Altman

marsbit04/13 14:01

The Midfield Battle of Perp DEX: The Declining, The Self-Rescuers, and The Latecomers

The article "Perp DEX Midfield Battle: The Declining, The Self-Rescuers, and The Newcomers" discusses the shifting landscape of decentralized perpetual exchanges (Perp DEX). Hyperliquid saw a weekly trading volume of approximately $15 billion, driven largely by commodity contracts like crude oil, gold, and silver amid geopolitical tensions and market volatility. Meanwhile, GMX Labs is hiring a CEO, moving away from its founder-driven model, and dYdX's market share dropped from 73% in early 2023 to single digits by late 2024. The decline of GMX and dYdX is attributed to several factors: reliance on token incentives that inflated trading volumes artificially, architectural limitations (e.g., GMX's liquidity pool model capping open interest, dYdX's costly migration to Cosmos), and misjudging key competitive factors like performance and market maker density. Hyperliquid, in contrast, grew slowly without VC backing or token incentives. It built its own L1 chain with a fully on-chain order book, focusing on transparency to attract market makers. It strategically expanded into traditional assets only after establishing a robust ecosystem, enabling it to capture demand during events like the Iran crisis. It now leads with ~54% of open interest among top Perp DEXs, ahead of Aster (~15%). The article concludes that the first generation of Perp DEXs is transitioning to professional management, while new opportunities lie in replacing traditional financial infrastructure, as Hyperliquid demonstrates by handling real-world demand.

marsbit03/27 09:31

The Midfield Battle of Perp DEX: The Declining, The Self-Rescuers, and The Latecomers

marsbit03/27 09:31

活动图片