# Сопутствующие статьи по теме Fees

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

Why I Am Not Bullish on Ethereum at Its Current State?

Why I'm Not Bullish on Ethereum at Current Prices The author expresses skepticism about Ethereum's current valuation, not its long-term business growth potential (user base and transaction volume are expected to increase). The author believes the price is too high relative to its fundamentals, based on the following analysis: - Active users and transaction counts have reached new highs but are growing slower than some leading e-commerce platforms. - Monthly transaction fees are only 0.6% of the previous cycle's peak, and average fees per transaction are 0.5% of previous highs. This slow growth comes at the cost of drastically reduced service prices, which is unfavorable in any industry. - If Ethereum is viewed as a company selling block space, its price-to-fee (PF) ratio exceeds 2,000x and its price-to-sales (PS) ratio exceeds 10,000x. It has negative net profit, so no P/E ratio exists. In comparison, traditional cloud service companies have P/E ratios of 20-30 and single-digit PS ratios. - If considered a commodity (like digital oil), Ethereum faces competition from other chains and rollups offering similar services. Its value proposition may not justify such a high premium, especially as its narrative as a store of value (like Bitcoin) has faded. - There is a lack of new, product-market-fit crypto native applications this cycle, leading to oversupply of block space and stagnant growth in the public chain sector. - Grand visions of Ethereum becoming a decentralized "Wall Street on-chain" lack supporting data and factual evidence. The author advocates for investment based on rationality, not belief or hype, and suggests waiting for concrete data before buying into this narrative.

marsbit01/19 09:08

Why I Am Not Bullish on Ethereum at Its Current State?

marsbit01/19 09:08

From 100% Rebate to 20%: The Game Theory Behind Polymarket's Fee Adjustment

Polymarket recently adjusted its fee structure for 15-minute cryptocurrency prediction markets, moving from a 100% fee rebate to a 20% rebate for market makers. This change aims to combat "latency arbitrage" bots that exploited tiny time delays between exchange price updates and Polymarket’s price adjustments, harming market makers and reducing liquidity. Initially, full rebates were introduced to incentivize market makers to stay despite bot activity. After data showed a significant drop in fee volume—indicating reduced bot activity—the platform reduced rebates to 20% for a trial period. This reflects an ongoing effort to balance fairness among market makers, automated traders, and regular users. The article also references ongoing "money printer" strategies used by some successful traders and emphasizes Polymarket’s role in providing a competitive, strategy-driven environment.

marsbit01/14 13:33

From 100% Rebate to 20%: The Game Theory Behind Polymarket's Fee Adjustment

marsbit01/14 13:33

How Wagyu Is Changing the Monero Narrative: One Tool Lifting Years of Price Suppression

Wagyu, a new exchange tool, is breaking years of price suppression on Monero (XMR) by addressing a critical flaw in its acquisition process. Since 2018, despite strong demand, XMR's price remained stagnant, primarily because major exchanges delisted it, forcing over 60% of users to rely on instant swap services. These offshore services charged exorbitant fees (effectively 3-4%) and often froze funds under "AML checks," creating constant sell pressure as they immediately converted XMR profits to stablecoins. This parasitic cycle drained an estimated $30,000-$100,000 daily from the market. Wagyu v2 routes orders to Hyperliquid, providing exchange-level pricing and near-zero fees, eliminating the need for exploitative swap services. By removing this sell pressure and allowing true price discovery, Wagyu has already processed millions in trades, contributing to XMR's recent breakout above $600. The tool is effectively saving Monero by connecting genuine demand directly to real market liquidity.

比推01/14 03:35

How Wagyu Is Changing the Monero Narrative: One Tool Lifting Years of Price Suppression

比推01/14 03:35

BNB Chain vs Ethereum – 2025’s EVM adoption trends are now giving way to…

By 2025, BNB Chain emerged as the leader in daily active usage among EVM chains, surpassing Ethereum in user activity due to consistent retail adoption, low fees, and deep integration with centralized exchanges. While Ethereum maintained dominance in settlement value and fees, BNB recorded significant growth in active addresses and transactions, driven by habitual usage rather than speculative spikes. Other chains like Base and Arbitrum showed volatile, incentive-driven activity but struggled with retention. As the market moves into 2026, sustained user retention, scalability improvements, and real-world application adoption—rather than hype—are expected to define future EVM leadership.

ambcrypto01/09 07:02

BNB Chain vs Ethereum – 2025’s EVM adoption trends are now giving way to…

ambcrypto01/09 07:02

DeFi Gold Rush: 6 Metrics to Filter Out 90% of Shitcoins

Title: DeFi Gold Rush: 6 Key Metrics to Filter Out 90% of Low-Quality Projects This article explains how to evaluate crypto projects using on-chain fundamental metrics, a revolutionary advantage DeFi has over traditional finance. Unlike quarterly corporate reports, DeFi data is transparent, real-time, and publicly available on the blockchain. The author, drawing on four years of experience, including work with DefiLlama, outlines six core metrics: 1. **TVL (Total Value Locked):** The total value of assets deposited in a protocol. It's a measure of trust but should be analyzed alongside activity metrics as it's highly correlated with token prices. 2. **Fees, Revenue & Holders' Revenue:** *Fees* are the total amount users pay (gross revenue). *Revenue* is the portion of fees kept by the protocol (gross income). *Holders' Revenue* is the share distributed to token holders via buybacks or dividends. 3. **Volume:** Tracks trading activity on DEXs and perpetual exchanges. Market share trends within a category are often more insightful than absolute numbers. 4. **Open Interest:** The total value of unsettled derivative contracts, indicating liquidity on a platform. It can collapse quickly during market volatility. 5. **Stablecoin Market Cap:** The total value of stablecoins on a blockchain, representing real capital inflows into an ecosystem, unaffected by token price volatility. 6. **App Revenue & Fees:** The total fees and revenue generated by all applications on a blockchain, excluding stablecoins and gas. It acts as a "GDP" for a chain's economic activity. The article provides a three-step framework for analysis: 1. **Focus on sustained, stable growth** over time rather than short-term spikes. 2. **Track both stock metrics** (e.g., TVL, OI) and **flow metrics** (e.g., Fees, Volume) to get a complete picture of capital deposits and actual activity. 3. **Consider token unlocks and incentives**, as they create sell pressure. High revenue is less impressive if it's outweighed by token emissions. The key takeaway is that these on-chain fundamentals provide a powerful filter to identify valuable projects with real traction long before market narratives catch up.

marsbit01/08 13:08

DeFi Gold Rush: 6 Metrics to Filter Out 90% of Shitcoins

marsbit01/08 13:08

Polymarket Introduces Trading Fees on US App and Crypto Markets

Polymarket has introduced its first trading fees, a major shift from its previous zero-fee model. The new taker fee of 0.01% applies to trades on its US app (in private beta) and its short-duration cryptocurrency price markets. This move establishes Polymarket's first direct revenue stream as it expands from niche prediction markets into mainstream crypto trading. The fee is significantly lower than industry averages, aligning with the platform's focus on efficiency. This strategic change reflects a push toward sustainability and monetization, especially as the company targets regulated US markets and competes more directly with conventional crypto exchanges. The limited rollout indicates a cautious approach to avoid disrupting its core user base.

TheNewsCrypto01/08 06:09

Polymarket Introduces Trading Fees on US App and Crypto Markets

TheNewsCrypto01/08 06:09

TVL, Trading Volume, Open Interest: How to Use DeFi Data to Find the Next Breakout Project?

Analyzing DeFi projects requires moving beyond hype and narratives to focus on on-chain fundamentals—a revolutionary advantage over traditional finance due to its real-time, transparent data. Key metrics include: - **TVL (Total Value Locked)**: Reflects assets deposited in a protocol, similar to AUM in TradFi, but should be combined with USD net inflows to distinguish actual deposits from price changes. - **Fees, Revenue, and Holder Revenue**: Fees are total user payments (gross revenue), revenue is the protocol’s share (gross income), and holder revenue is what token holders earn via dividends or buybacks. - **Volume**: Tracks trading activity on DEXs and perpetual exchanges, with market share trends often more meaningful than absolute numbers. - **Open Interest**: Measures active derivative positions, indicating liquidity and platform resilience during volatility. - **Stablecoin Market Cap**: Represents real USD capital flowing into a blockchain, a key indicator of ecosystem growth. - **App Revenue & Fees**: The "GDP" of a chain, showing economic activity excluding stablecoins and gas fees. Effective analysis prioritizes sustained growth over time, combines stock metrics (e.g., TVL) with flow metrics (e.g., fees), and accounts for token unlocks and incentives that may cause sell pressure. Platforms like DefiLlama provide real-time data to identify trends early, as seen with Polymarket and Hyperliquid’s growth before they peaked. Mastering these metrics helps cut through noise and spot genuinely valuable projects.

marsbit01/08 05:02

TVL, Trading Volume, Open Interest: How to Use DeFi Data to Find the Next Breakout Project?

marsbit01/08 05:02

Solana Users Beware: Your SOL Is Being Quietly Harvested in These Ways

A recent article titled "Payment for Order Flow on Solana" has exposed exploitative practices in Solana’s fee market, drawing widespread attention. Similar to traditional finance PFOF models—like Robinhood’s zero-commission trading—Solana applications are leveraging information asymmetry to extract hidden fees from users. Front-end apps and wallets control transaction routing, execution, and fee structures, creating multiple avenues for rent-seeking. These include selling user order flow to market makers, enabling toxic MEV strategies like sandwich attacks, and inflating priority fees and tips. Users—especially retail—are often overcharged due to fear of transaction failure, even when the network isn’t congested. Data shows significant fee disparities: for instance, Axiom users pay median priority fees 200x higher than those paid by high-frequency traders. Much of these excess fees are believed to be captured by the applications themselves, often through kickback arrangements with landing services like Jito. To address these issues, Solana is proposing protocol-level upgrades such as Multiple Concurrent Proposers (MCP) to reduce monopolistic control, Priority Ordering to ensure fair transaction ordering, and a Dynamic Base Fee mechanism to return fee pricing power to the protocol and users. These changes aim to create a more transparent and equitable market structure, essential for Solana’s long-term growth and credibility.

marsbit01/07 06:05

Solana Users Beware: Your SOL Is Being Quietly Harvested in These Ways

marsbit01/07 06:05

Uniswap: Could 5M UNI token move put KEY support at risk?

Uniswap's UNI token faces a potential major price move as the Uniswap Governance Timelock transferred 5 million UNI (worth $30 million) to a new wallet, sparking speculation about its purpose—whether for token unlocks (increasing sell pressure), treasury management, or deflationary measures like previous burns. Meanwhile, institutional movements were observed, with Galaxy Digital shifting significant amounts. Technically, UNI is holding key support at $5.70. A break above $6.25 could trigger a rally toward $9, while a drop below support may lead to a breakdown. Other factors include Uniswap's $23 million in annualized fees post-fee switch, indicating potential financial challenges despite recent grants, and improved liquidity from new exchange listings like Binance's UNI/USD pair.

ambcrypto01/07 01:31

Uniswap: Could 5M UNI token move put KEY support at risk?

ambcrypto01/07 01:31

ASTER Price on Roll After Stock & RWA Perps Fee Structure Update

ASTER price has surged significantly following the announcement of a fee structure update for its Stock and RWA Perpetuals. The update, effective January 7, 2026, aligns fees with standard rates (0.005% for makers, 0.04% for takers) and makes these products eligible for Stage 5 points and Crystal Weekly Drops. A 5% discount applies when fees are paid in ASTER. The token's price rose 2.52% in 24 hours and 11.58% over the week, reaching $0.7779. This surge coincides with the platform surpassing 200k on-chain holders, partly due to the new Shield Mode feature. Currently, ASTER is testing support at $0.7546 and $0.7018, with resistance at $0.8074 and $0.8602. Despite a predicted potential 23.41% correction to ~$0.59 in the short term, some forecasts suggest it could reach $5 by end of 2026.

TheNewsCrypto01/06 11:01

ASTER Price on Roll After Stock & RWA Perps Fee Structure Update

TheNewsCrypto01/06 11:01

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