# Token Related Articles

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

Token Is Completely on Fire, Blockchain Is Heartbroken

Token, a term once central to blockchain's vision of decentralization and economic transformation, has now been popularized by the AI industry as a unit of computation and billing. With the rise of products like OpenAI's ChatGPT and Deepseek, Token has become widely recognized as a measure of API calls and computational power—essentially a "currency for compute." This shift has left the blockchain sector in an ironic position: while it long struggled to explain Token's potential for revolutionizing ownership and community governance, AI has repurposed the term into a practical, everyday concept devoid of cryptographic complexity. The blockchain community once championed "Tokenization of Everything," aiming to convert real-world assets and labor into tradable tokens. Instead, AI achieved a form of tokenization by breaking down text, audio, and video into Tokens for processing—without requiring users to manage private keys or understand consensus mechanisms. This practical adoption contrasts sharply with blockchain’s association with speculation and scandals, as seen in the rise and fall of NFTs and memecoins. Amid a broader crisis of faith in blockchain’s promise—with many innovators expressing disillusionment over the industry’s shift toward speculation—AI’s rapid growth has intensified this sense of irrelevance. However, there are positive signs: traditional assets like U.S. Treasuries and stocks are increasingly being tokenized, attracting major financial institutions like BlackRock and Fidelity. This may signal Token’s return to its original purpose as a vehicle of value, even as AI dominates its popular meaning.

marsbit20h ago

Token Is Completely on Fire, Blockchain Is Heartbroken

marsbit20h ago

Token Doesn't Need a Chinese Name, But the Business Behind It Does

Recent discussions in China have intensified around finding an appropriate Chinese translation for the technical term "Token," driven by its growing economic and industrial significance. Previously an obscure technical term within AI circles, Token has now entered mainstream discourse due to its role as a billing unit in cloud services, a revenue metric for AI companies, and a key indicator in national AI industry statistics. Proposed translations include "智元" (suggested by AI media, implying "intelligence unit"), "模元" (proposed by academics, leaning toward "model unit"), and "符元" (a more neutral, technical term meaning "symbol unit"). The debate is not merely linguistic but reflects broader commercial and narrative control over the AI industry. Different translations align with different stakeholders’ interests: "智元" benefits those emphasizing intelligent computation, while "模元" reinforces the role of model developers. The term already had an academic translation—“词元” (ciyuan)—since 2021, but it gained little attention until Tokens became a valuable economic unit. As Token consumption in China surges—reaching 180 trillion per day—the naming contest underscores deeper issues of market influence, branding, and “coinage” rights in the emerging AI-driven economy. Ultimately, those who produce Tokens may hold the power to define them, regardless of the chosen name.

marsbit2 days ago 08:48

Token Doesn't Need a Chinese Name, But the Business Behind It Does

marsbit2 days ago 08:48

Earning Millions Daily in a Sluggish Market: Is Pump.fun's Revenue Real?

Despite a perceived market downturn, pump.fun remains a top revenue-generating crypto-native application, ranking fourth in earnings behind only Tether, Circle, and Hyperliquid across various timeframes. Its daily income consistently exceeds one million USD, derived from three primary sources: a 0.95% protocol fee on bonding curve transactions, a token’s "graduation" fees on Pumpswap, and revenue from its acquired multi-chain trading platform, Terminal (formerly Padre). On-chain analysis confirms the bonding curve revenue is authentic, with no evidence of fake transfers or data manipulation. However, questions arise about the organic nature of this activity. While Solana’s daily active addresses range between 1.2-2.2 million, pump.fun sees about 150,000, with roughly 30,000 new tokens deployed daily. Data suggests a significant portion of tokens are launched by a small group of sophisticated deployers, not organic users. Moreover, research indicates that 98.6% of tokens on pump.fun are pump-and-dump schemes, turning the platform into a low-cost, high-efficiency "casino" where deployers profit at the expense of retail investors. Despite pump.fun using nearly all its income to buy back its native token, $PUMP, the price continues to fall due to a lack of buyer confidence and organic demand. The fundamental issue is not revenue authenticity but the platform's role in facilitating a predatory ecosystem, making it unattractive to long-term institutional investment.

marsbit03/21 03:18

Earning Millions Daily in a Sluggish Market: Is Pump.fun's Revenue Real?

marsbit03/21 03:18

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