# Сопутствующие статьи по теме L1

Новостной центр HTX предлагает последние статьи и углубленный анализ по "L1", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

From Competing on Experience to Building Assets: Hyperliquid is Moving Ahead of CEXs

Amidst a general market stagnation, Hyperliquid ($HYPE) has demonstrated notable independent growth, signaling a shift in the Perp DEX narrative. Rather than competing solely on user experience akin to centralized exchanges (CEXs), Hyperliquid is expanding into synthetic assets—including commodities like crude oil, precious metals, and foreign currencies—through its HIP-3 protocol. This positions it not just as a decentralized exchange, but as a crypto-native, Nasdaq-like platform for global asset trading. The move reflects a broader trend of on-chain liquidity integrating with real-world assets, a direction also being explored by major CEXs like Bitget, OKX, and Bybit. Hyperliquid’s advantages include narrower spreads, faster execution, and 24/7 availability compared to traditional platforms. It leverages on-chain transparency, permissionless listings, and fee redistribution to challenge the opaque, centralized models of CEXs and traditional finance—focusing on code-based trust rather than decentralization rhetoric.

比推01/28 05:06

From Competing on Experience to Building Assets: Hyperliquid is Moving Ahead of CEXs

比推01/28 05:06

The Most "Resilient" DEX! A Comprehensive Data Analysis of Hyperliquid

Hyperliquid, a decentralized exchange (DEX) and emerging L1 ecosystem focused on perpetual futures, has demonstrated strong resilience during market downturns. Over the past year, it generated $915M in cumulative fees, with 97% coming from perpetual trading. Despite a 16% decline in Q4 revenue, it significantly outperformed many Solana-based applications which saw steeper drops (e.g., Raydium -79%, Jito -76%). The platform has accumulated over $8.54B in token buybacks, representing 93.3% of fees, providing consistent buy-side support for its HYPE token. However, monthly team token unlocks currently exceed buybacks by 4x. With nearly $100B in open interest, Hyperliquid holds a substantial share of the perpetuals market, more than double its top four decentralized competitors combined. Its HyperEVM L1, though smaller, is growing with $890M in total revenue and over $674M in stablecoin supply. Key strengths include a superior product with a user experience rivaling CEXs, a fair token distribution (31% airdropped), strong tokenomics, and technical expertise. It is positioned as critical infrastructure for perpetual trading, especially for macro assets and real-world assets (RWAs). Regulatory uncertainty remains a primary risk.

比推01/23 21:54

The Most "Resilient" DEX! A Comprehensive Data Analysis of Hyperliquid

比推01/23 21:54

2025 CEX Listing Guide: 2147 Projects Listed, Trading Volume Plummets 55%; Who's Profiting, Who's Just Along for the Ride?

2025 was a pivotal year for crypto CEX listings, marked by significant volatility. A total of 2,147 new token listings were recorded across major exchanges, with 65% being primary listings. However, the market faced a sharp downturn in Q4 after Bitcoin fell below $100,000 in October, leading to a 55% collapse in global trading volume. Among the top-tier "BCOBB" exchanges (Binance, Coinbase, OKX, Bybit, Bitget), 678 tokens were listed. 71% of these were primary listings, with Bitget accounting for nearly half. A total of 150 tokens achieved "AAA" status by launching on two or more top exchanges simultaneously. Most tokens launched with a Fully Diluted Valuation (FDV) between $101 million and $500 million. The most popular sectors for new listings were L1 Blockchains (249), Memecoins (191), and Gaming (165). Listings were heavily concentrated on weekdays, with Thursday being the most popular day. Following the October market crash, only 23% of tokens posted positive performance in Q4. This analysis provides a crucial guide to the changing dynamics and rising barriers to entry in the secondary market.

marsbit01/23 09:12

2025 CEX Listing Guide: 2147 Projects Listed, Trading Volume Plummets 55%; Who's Profiting, Who's Just Along for the Ride?

marsbit01/23 09:12

Here’s how Solana is outshining Ethereum, from staking to market momentum

Amidst market volatility, Solana (SOL) and Ethereum (ETH) are both demonstrating fundamental strength with their staking ratios reaching all-time highs. However, a key divergence exists: Solana's staking ratio is 70%, locking nearly 400 million tokens, while Ethereum's is 30%. This means Solana's staked supply is over 10 times larger, creating significantly tighter supply dynamics that can amplify long-term price moves. This economic strength is reflected in SOL's market performance, as it continues to outperform ETH. Furthermore, Solana is attracting substantial capital, pulling in over 50% of bridged funds from Ethereum with $50 million in inflows in just seven days, signaling strong on-chain demand and growing network momentum.

ambcrypto01/21 21:02

Here’s how Solana is outshining Ethereum, from staking to market momentum

ambcrypto01/21 21:02

Ethereum Foundation Maps Path To zkEVM Proofs On Mainnet L1

The Ethereum Foundation has outlined a detailed plan to enable Ethereum's mainnet (L1) to validate blocks using zkEVM proofs, reducing the need for validators to re-execute every transaction. The proposal, shared by EF Co-Executive Director Tomasz K. Stańczak, involves engineering work across execution and consensus clients, new proving infrastructure, and security processes. Key milestones include creating a standardized "ExecutionWitness" data structure per block, developing a zkEVM guest program for stateless validation, and updating consensus clients to verify zk proofs during block validation. The plan also emphasizes operational readiness, including proof generation integration, GPU testing, benchmarking, and security measures like reproducible builds and formal threat models. A major dependency is ePBS (enshrined Proposer-Builder Separation), which would extend proof generation time from 1–2 seconds to 6–9 seconds, and is targeted for deployment in mid-2026. If implemented, this would make proof-based validation a practical option on L1, though proving times and operational complexity remain key challenges.

bitcoinist01/16 23:01

Ethereum Foundation Maps Path To zkEVM Proofs On Mainnet L1

bitcoinist01/16 23:01

Binance Research 2025 Year in Review and 2026 Theme Outlook

Binance Research's 2025 review highlights a year of milestones and market divergence. The total crypto market cap surpassed $4 trillion, with Bitcoin hitting a new ATH, driven by institutional adoption, regulatory progress (especially for stablecoins), and expansion of regulated investment vehicles. However, macro uncertainty led to high volatility, with the market declining ~7.9% overall. Key trends include Bitcoin's structural strength, with significant ETF inflows and corporate holdings, despite softer on-chain activity. Layer 1 competition intensified, with Ethereum, Solana, and BNB Chain leading via distinct value propositions. Layer 2 scaling progressed, though activity concentrated in a few rollups. DeFi matured, emphasizing capital efficiency and compliance, with RWA TVL surpassing DEXs. Stablecoins broke through with a ~50% surge in market cap, exceeding $3 trillion in daily volume. Consumer crypto shifted toward real-world applications and seamless integration with fintech. AI agents and on-chain payments saw substantial progress. Institutional adoption deepened beyond mere exposure into core financial workflows. Regulatory clarity advanced in key jurisdictions like the U.S. (GENIUS Act) and Europe (MiCA). The 2026 outlook anticipates a "risk reset" fueled by global monetary easing, fiscal stimulus, and deregulation, potentially driving a liquidity-powered expansion.

marsbit01/15 10:51

Binance Research 2025 Year in Review and 2026 Theme Outlook

marsbit01/15 10:51

2019 déjà vu? Why Ethereum could outperform Bitcoin again

Based on analyst projections drawing parallels to the 2019 cycle, Ethereum (ETH) could be poised to significantly outperform Bitcoin (BTC) once again. The ETH/BTC ratio, after hitting a low of 0.02, has already rebounded by 75% from its Q2 2025 bottom, mirroring the start of a historical 300%+ rally. This surge aligns with Ethereum's 80% price appreciation to $3.4k, far exceeding Bitcoin's gains in the same period. While Bitcoin's dominance is anchored by its massive market cap and status as a macro asset, Ethereum's strength is fundamentally driven. Key metrics show robust growth, including a record 58k TPS and a significant increase in its market share, which has jumped over 60% from a low of 8%. The growth of Real-World Assets (RWA), exemplified by Ondo Finance representing 11% of ETH's RWA TVL, further underscores its utility. The thesis suggests that as regulatory clarity emerges, Layer 1 blockchains like Ethereum are well-positioned to capitalize on market momentum. The sharp rebound in the ETH/BTC ratio may serve as an early signal of a broader, sustained breakout reminiscent of the pre-COVID era.

ambcrypto01/14 21:02

2019 déjà vu? Why Ethereum could outperform Bitcoin again

ambcrypto01/14 21:02

Why is Ethereum Urgently Needing ZK-ification?

The article discusses the urgent need for Ethereum to adopt zero-knowledge (ZK) technology as a core narrative for its future development. While Ethereum previously focused on ICOs, DeFi, and being a global financial settlement layer, it now lacks a compelling new narrative. ZK technology is highlighted as a critical solution, with Ethereum being the blockchain most invested in its development. ZK-EVM has reached the Alpha stage, a milestone celebrated by Vitalik Buterin. The primary motivation for ZK integration is to maintain Ethereum’s decentralization while improving scalability. Currently, increasing the Gas limit boosts TPS but raises node operation costs, potentially centralizing the network. ZK proofs allow nodes to verify transactions efficiently without expensive hardware upgrades, similar to automated exam grading versus manual checking. ZK itself doesn’t directly increase TPS but enables future Gas limit hikes with minimal node cost increases. The recent Fusaka upgrade, including PeerDAS, advances this goal. A ZK-powered Ethereum could achieve over 1000 TPS, strengthening its narrative. The article also addresses the role of third-party ZK teams (e.g., Polygon, Scroll, ZKsync, Taiko), which remain crucial for innovation and testing different ZK-EVM types (Type 1 to 4). ZK-VMs, like Brevis, are noted for higher performance and diversity, as they aren’t constrained by EVM compatibility. While ZK L1 may attract some L2 users, it also benefits L2s by reducing costs and improving foundational infrastructure. In summary, Ethereum’s ZK transformation, after years of development, is entering a critical phase, driven by collaborative efforts between Ethereum and external ZK projects.

marsbit01/13 00:37

Why is Ethereum Urgently Needing ZK-ification?

marsbit01/13 00:37

9 TGE Projects Worth Watching in Q1 2026 (With Participation Guide)

Here is a concise English summary of the article: This article highlights nine notable crypto projects with Token Generation Events (TGEs) scheduled for Q1 2026, providing a brief overview and participation guide for each. **Key Projects & TGE Details:** * **Brevis:** A ZK-powered off-chain compute engine. Its BREV token launched on Binance Alpha on January 6th. No public sale was held. * **Fogo:** A new SVM-based Layer 1 blockchain. Its FOGO token airdrop is scheduled for shortly after its mainnet launch on January 13th. Users can interact with its ecosystem to potentially qualify. * **Infinex:** A full-stack DeFi platform by Synthetix's founder. Its public token sale is ongoing until January 10th, with a TGE planned for late January. * **Zama:** A company focused on Fully Homomorphic Encryption (FHE). A sealed-bid Dutch auction for its ZAMA token starts soon, with TGE expected around the end of January. * **Rainbow:** A user-friendly Web3 wallet. Its public sale has ended, but users can still earn points through app interactions. TGE is confirmed for February 5th. * **Rails:** A decentralized perpetual futures DEX. Users can complete quests and trade to earn points. TGE, delayed from late 2025, is predicted for early February. * **Gensyn:** A decentralized compute network for AI. Its public sale is over. Tokens from the sale are claimable in early February, indicating a TGE around that time. * **StandX:** A DeFi project combining synthetic stablecoins and a perps DEX, founded by ex-Binance futures team members. An ongoing points program offers a potential airdrop. A Q1 TGE is anticipated. * **OpenMind:** A decentralized network for intelligent machines. Users could complete tasks for badges. Recent foundation activity suggests a TGE may be imminent. The article serves as a snapshot of upcoming launches, but readers must conduct their own research (DYOR) due to the highly time-sensitive and speculative nature of the information.

Odaily星球日报01/06 07:45

9 TGE Projects Worth Watching in Q1 2026 (With Participation Guide)