# Сопутствующие статьи по теме DeFi

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

How Are L1 Blockchain's Fee Revenues Gradually 'Eaten Away' by L2s, Proprietary AMMs, and Hyperliquid?

This analysis examines how Layer-1 (L1) blockchain transaction fee revenues are systematically eroded by innovations like Layer-2 solutions (L2), private AMMs, and platforms like Hyperliquid. Bitcoin’s fee revenue, driven by network congestion, has diminished over cycles due to optimizations like SegWit, batching, and Lightning Network, with recent activity like Ordinals providing only short-lived spikes. Ethereum’s DeFi and NFT booms once generated massive fees, but L2 rollups and the Dencun upgrade (EIP-4844) drastically reduced data costs, causing a 95% drop in L1 fee revenue as activity migrated off-chain. Solana’s revenue relies heavily on MEV and priority fees from memecoin trading. However, private AMMs and Hyperliquid’s off-chain order routing are capturing the most profitable transactions, compressing Solana’s MEV earnings by over 90% from their peak. Hyperliquid platform, while currently profitable from perpetual trading, faces future fee compression as it competes with traditional finance venues like CME, where fee structures are vastly more efficient. The report concludes that L1s struggle to sustainably capture value from fees due to structural dynamics in permissionless networks. Token valuations are increasingly decoupled from fee-based earnings, relying instead on staking yields, ETFs, narratives, and macro liquidity—making them vulnerable to sentiment shifts and speculative flows.

比推02/26 14:58

How Are L1 Blockchain's Fee Revenues Gradually 'Eaten Away' by L2s, Proprietary AMMs, and Hyperliquid?

比推02/26 14:58

Top 10 Most Promising Cryptocurrencies to Invest in 2026 - A Comprehensive Analysis of Trends, Logic, and Risks

The cryptocurrency market in 2026 is more mature, driven by institutional adoption, clearer regulations, and trends like ETF expansions and AI-blockchain integration. This analysis highlights ten notable cryptocurrencies based on fundamentals, ecosystem growth, and risks: - **Bitcoin (BTC)**: Remains the top store of value with scarcity and institutional backing, though volatile. - **Ethereum (ETH)**: Leads in smart contract ecosystems with strong developer activity and Layer-2 scaling. - **Solana (SOL)**: High-performance chain with low costs, but network stability is a concern. - **BNB**: Supported by exchange utility and token burns, yet sensitive to regulatory changes. - **XRP**: Focused on cross-border payments with improving regulatory clarity. - **Stablecoins (USDT/USDC)**: Key for liquidity and hedging, but require monitoring of reserves and regulations. - **Cardano (ADA)**: Research-focused with slow but steady growth. - **Avalanche (AVAX)**: Flexible subnet architecture for enterprises, facing strong competition. - **SUI**: Emerging high-performance chain with innovation potential and high volatility. - **Dogecoin (DOGE)**: Community-driven and liquid, but highly speculative. The market is structured into three layers: core assets (BTC, ETH) for stability, ecosystem growth assets (SOL, BNB, AVAX, ADA) with potential but competition, and high-risk assets (DOGE, SUI). Stablecoins act as cash management tools. Overall, the market offers opportunities but remains high-risk; investors should align choices with risk tolerance and conduct independent research.

marsbit02/26 12:29

Top 10 Most Promising Cryptocurrencies to Invest in 2026 - A Comprehensive Analysis of Trends, Logic, and Risks

marsbit02/26 12:29

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