# Growth Related Articles

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

When Migration Becomes the Norm: Why 'Your Own EVM Chain' Is Becoming Standard

In the past year, the industry's real "voting" has shifted from governance forums to deployment scripts, migration plans, and budgets. Projects are choosing ecosystems through action, not words—migrating mainnets, prioritizing tool stacks, and betting on networks with stronger market effects. A prime example is Noble, a leading stablecoin infrastructure in Cosmos, which moved to its own EVM L1, signaling that the main battleground for stablecoins and app distribution remains in EVM ecosystem due to its mature developer tools, wallet/dApp ecosystem, and concentrated liquidity. The trend toward "having your own EVM chain" is becoming standard. While EVM offers clear advantages in assets, integrations, and tools, generic chains come with constraints like fee volatility, congestion, and shared sequencing. Application chains/rollups allow teams to internalize these constraints—tailoring block times, execution models, and infrastructure to their business needs, and aligning transaction revenue with growth incentives. Rollup-as-a-Service (RaaS) platforms like Caldera are reducing the high costs and complexity of building and maintaining chains, turning "chain-as-a-product" into a replicable strategy. They focus not just on deployment but also on solving interoperability challenges—e.g., via Caldera's Metalayer, which standardizes cross-chain bridging and integration to reduce friction for users and developers. As migration to EVM continues, the focus shifts from "which chain to choose" to "how to control growth." Owned EVM chains/rollups offer more stable fees, better performance, and tighter integration of incentives and revenue. With RaaS lowering build costs and interoperability layers reducing cross-chain friction, having a dedicated execution environment is becoming a scalable, standard solution for projects aiming to master their own growth.

marsbit7h ago

When Migration Becomes the Norm: Why 'Your Own EVM Chain' Is Becoming Standard

marsbit7h ago

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

**Title: Is CRCL Expensive Now? A DCF Valuation Analysis of Circle's Stock** **Summary:** This analysis uses a discounted cash flow (DCF) model to estimate the fair value of Circle (CRCL) stock, focusing on its USDC stablecoin business. Key assumptions include: USDC circulation of $70 billion by end-2025, growing at an average annual rate of 15% from 2026 to 2035; a 2.5% average benchmark interest rate; 38% gross margin; fixed operating costs of $500 million in 2025, increasing 10% annually; 24% effective tax rate; 10% discount rate; and a terminal PE multiple of 20. The fully diluted share count is 275 million. The model calculates EBITDA as interest income (USDC circulation × interest rate × margin) minus fixed costs. Free cash flow (FCF) is derived after taxes. The present value of explicit FCF (2026–2035) is $2.282 billion, and the terminal value (2035 FCF × 20) discounted to 2026 is $7.138 billion. The total enterprise value (EV) is $9.42 billion, implying a fair stock price of $34.25 per share as of January 2026. Sensitivity analysis shows that if USDC growth averages 20% annually, the fair value rises to ~$62 per share, suggesting potential margin of safety at current prices (around $62 in early February 2026). However, short-term volatility, forced sellers, and leverage risks are highlighted. The model is conservative, excluding other revenue streams (e.g., Circle’s emerging products like Arc chain) and emphasizing USDC’s growth and competitive sustainability as key variables. Historical USDC growth (2020–2025 CAGR ~76%) is noted but not assumed to continue. The conclusion underscores the need for evidence-based conviction to withstand market noise. *Note: This is a thought experiment, not investment advice.*

marsbit2 days ago 06:06

Is CRCL Expensive Now? Calculating Circle's Stock Price Using the DCF Valuation Model

marsbit2 days ago 06:06

Avalanche RWA TVL hits $1.3B – Is AVAX next to rally?

Avalanche's RWA) Total Value Locked (TVL) reached $1.3 billion, driven by steady infrastructure growth and institutional adoption. Key factors include its subnet architecture, which enhances performance by isolating workloads and reducing congestion, and its compliance-friendly design, attracting regulated institutions. Notably, BlackRock expanded its $500 million BUIDL fund on Avalanche in Q4 2025, significantly boosting TVL and validating the network. Additional tokenized real estate and aviation loans contributed to this growth. Daily C-Chain transactions surged to 2.1 million, supported by RWA activity, gaming, and enterprise usage. Avalanche distinguishes itself in the on-chain RWA market by prioritizing institutional durability over retail speculation. Its subnet and Evergreen frameworks enable private, compliant chains suitable for traditional finance. The network offers sub-second finality, high throughput, EVM compatibility, and low fees, securing a leading position in the $19 billion global RWA market. Stablecoin activity reflects institutional demand, with a total supply between $1.63 billion and $2.19 billion. USDT dominates (49-55% share), while USDC accounts for 19-32%. Stablecoin transfer volume reached $69 billion over 30 days, growing 5.76%, indicating high-value settlement use cases rather than speculative trading. Overall, Avalanche is strengthening its institutional credibility through utility-driven growth in RWAs, stablecoins, and enterprise activity, supported by robust infrastructure and compliance alignment.

ambcrypto01/30 23:02

Avalanche RWA TVL hits $1.3B – Is AVAX next to rally?

ambcrypto01/30 23:02

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