Paradex Rollback Criticized, HIP-3 Competition Heats Up: What Happened in the Mainstream Ecosystems?
Over the past 24 hours, the crypto market has seen significant developments across multiple areas. The New York Stock Exchange (NYSE) announced a blockchain-based securities trading platform, sparking optimism about RWA (Real World Assets) adoption, though technical and regulatory challenges remain. The "Trove闹剧" incident, involving an alleged rug pull and undisclosed KOL promotions, led to community backlash and discussions on ICO transparency and accountability. WalletConnect introduced a POS payment product aiming to enable on-chain settlements, though adoption faces hurdles in existing payment infrastructure.
On Solana, Magic Eden revealed a revenue-sharing model, directing 15% of platform earnings to $ME token buybacks and staking rewards, receiving positive community feedback. Ethereum ecosystem updates included MegaETH's upcoming stress test targeting high TPS, a partnership between Coinbase/Circle and Bermuda to build a digital economy, and ENS launching a Google BigQuery dataset for easier data analysis.
In the Perp DEX space, competition for Hyperliquid's HIP-3 deployment intensified, with expectations of a crowded field and high bidding costs. Analysis revealed that much of the trading volume is algorithm-driven and incentive-based rather than organic. Additionally, HyperLend announced its token launch, and Trade.xyz upgraded to isolated margin mode.
A major controversy emerged when Starknet-based Paradex performed a chain rollback due to a pricing error that caused unjust liquidations, leading to widespread criticism about the reliability and decentralization of on-chain DEXs, with comparisons drawn to Solana's stability.
marsbit01/20 04:15
