# Сопутствующие статьи по теме Blockchain

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Blockchain", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Darkness Before Dawn: Crypto in 2026 = The Internet in 2002

"DeFi Cheetah argues that the current despair in crypto, marked by high-profile departures like Kyle Samani's shift to AI, is deceptive. The industry is at a critical inflection point, witnessing a rise of "fintech wrappers"—products from traditional finance (like bank-issued stablecoins or tokenized assets) that merely leverage blockchain for efficient settlement while retaining the old, rent-seeking intermediary structures. These wrappers, comparable to "Western Union with private keys," fail to capture value on-chain and fragment liquidity, representing an IT upgrade rather than true crypto innovation. Drawing a parallel to the dot-com bust of 2002, the author contends that just as early internet companies were merely "newspaper wrappers," today's fintech wrappers are placing old finance onto new rails. The real revolution will be built by those who embrace crypto's native properties: a global state instead of siloed databases, atomic composability instead of API integrations, and permissionless liquidity instead of walled gardens. The consensus view that blockchains are merely asset ledgers is where alpha is not found. The current downturn is a filter. The true builders who remain will focus on constructing what cannot exist on private servers, leveraging trustless coordination, permissionless access, and composability to solve problems legacy systems cannot. The work of building the sovereign internet is just beginning."

marsbit02/10 11:42

The Darkness Before Dawn: Crypto in 2026 = The Internet in 2002

marsbit02/10 11:42

Aave Founder Reveals: Why is Lending the Core of Financial Empowerment?

Chain-based lending, which began as an experimental concept around 2017, has grown into a market exceeding $100 billion, primarily driven by stablecoin borrowing secured by crypto-native collateral like Ethereum and Bitcoin. This system enables liquidity release, leveraged strategies, and yield arbitrage. Its success validates the real demand and product-market fit of automated, smart contract-based lending even before institutional adoption. A key advantage of on-chain lending is its significantly lower cost—around 5% for stablecoin loans compared to 7–12% in centralized crypto lending—due to the elimination of financial inefficiencies, intermediaries, and layered fees. This cost reduction stems from open capital aggregation, transparency, composability, and automation, which foster competition and real-time pricing. Innovations like Ethena’s USDe or Pendle integrate seamlessly, expanding the ecosystem without traditional overhead. The evolution follows a pattern seen in major disruptions: serving niche users first, competing on price before quality, and scaling rapidly. While current on-chain lending often recycles existing collateral for similar strategies, future growth depends on incorporating real-world economic value and tokenized assets, not just replicating traditional finance. Traditional lending remains expensive due to inefficiencies in origination, risk assessment, and servicing, misaligned incentives, and regulatory constraints. On-chain lending disrupts this by replacing processes with automation, discretion with transparency, and reconciliation with determinism. When fully software-native, it will offer a cheaper, faster backend for global borrowers, empowering broader access to capital and fostering new opportunities.

比推02/10 07:24

Aave Founder Reveals: Why is Lending the Core of Financial Empowerment?

比推02/10 07:24

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