# Сопутствующие статьи по теме Tokenomics

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

Five Brutal Growth Truths Every Web3 Founder Must Learn to Survive and Scale

Crypto startups must prioritize sustainable growth over hype. True success comes from building a small, engaged community of believers rather than chasing vanity metrics. Founders should humanize their brand through visible leadership, as trust and personal connection drive engagement. Financial discipline is critical—manage runway conservatively and plan for market cycles, as running out of funds is a common cause of failure. Remember, the token is not the product; focus on real-world utility and value creation instead of short-term price movements. Finally, build for all market conditions: use bull markets wisely and bear markets to refine products and strategy. Lasting growth requires discipline, vision, and a commitment to fundamentals.

bitcoinist03/17 03:03

Five Brutal Growth Truths Every Web3 Founder Must Learn to Survive and Scale

bitcoinist03/17 03:03

The RWA Narrative Is So Strong, So Why Are All RWA Tokens Falling? I Think the Logic Was Flawed from the Start

Despite the strong RWA (Real World Assets) narrative, with on-chain government bonds exceeding $4B+ and major institutions like BlackRock and Franklin Templeton entering the space, the tokens of RWA projects have been declining significantly. The author argues that the core issue lies in flawed token economic models. Many RWA projects fall into a "death spiral": users deposit assets to earn RWA yields and receive token rewards, but then sell the tokens, causing prices to drop. This happens because tokens are used as subsidies rather than value carriers. Users don’t need to hold tokens to access RWA yields, creating constant sell pressure with no buy-side demand. The solution is to focus on sourcing high-quality RWA assets that offer attractive APY, consensus (market recognition), stability, and security. Token utility should be redesigned to grant holders exclusive access to premium assets, higher yields, or priority allocations. This creates real demand for the token. The author emphasizes that success will come from building solid asset foundations first, letting user demand support the token—not the other way around.

marsbit03/16 03:15

The RWA Narrative Is So Strong, So Why Are All RWA Tokens Falling? I Think the Logic Was Flawed from the Start

marsbit03/16 03:15

How Likely Is a 5x Surge for HYPE?

Despite a backdrop of "extreme fear" in the broader market, Hyperliquid (HYPE) has drawn significant attention, particularly from BitMEX co-founder Arthur Hayes, who has set a $150 price target—a fivefold increase from its current ~$36 price. Hayes argues that as trading activity shifts on-chain, HYPE's value capture mechanism, which uses ~97% of platform revenue to buy back and burn tokens, provides strong long-term price support. Key growth drivers include the HIP-3 proposal, enabling permissionless perpetual markets for traditional assets like indices and commodities, which already contributes ~10% of revenue. Community sentiment is bullish, citing HYPE's low ADV/OI ratio as a sign of genuine trading volume. However, achieving the $150 target is contingent on annualized revenue growing from ~$843 million to ~$1.4 billion. While on-chain data shows developer activity remains high, market sentiment has only recently begun to align with the platform's fundamentals.

marsbit03/12 08:39

marsbit03/12 08:39

From $0.014 to $25 by 2029? Ozak AI’s Tokenomics Suggest a 178,000% ROI Scenario Early Investors Are Racing Toward

Ozak AI, currently in its presale phase at $0.014 per token, is being discussed by analysts as a high-potential AI infrastructure project with a long-term growth model. Some projections suggest a theoretical price target of $25 by 2029, which would represent a 178,000% return for early investors. These forecasts are based on a multi-phase expansion plan including presale repricing, post-listing adoption, ecosystem scaling, and broader AI market growth. The tokenomics are designed for gradual supply absorption aligned with increasing utility and demand. Ozak AI’s infrastructure components—such as Prediction Agents, the Ozak Stream Network, and integrations with EigenLayer and Arbitrum Orbit—support its potential for compounded growth. Early investors are accumulating tokens ahead of anticipated price appreciation, though all projections remain speculative.

TheNewsCrypto03/11 10:56

From $0.014 to $25 by 2029? Ozak AI’s Tokenomics Suggest a 178,000% ROI Scenario Early Investors Are Racing Toward

TheNewsCrypto03/11 10:56

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

The article "Financial Boundaries and Channels: The New Pricing Logic of Global Markets" explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing interest of asset management giants like BlackRock and Apollo in on-chain vaults and RWA (Real World Assets). It argues that while DeFi has adopted USDT/USDC as de facto standards due to their scale, this reliance on U.S. Treasury-backed stablecoins means DeFi is subject to external monetary policies without reciprocal influence. The piece highlights the absence of a native DeFi risk-free rate and examines past attempts, like algorithmic stablecoins, which failed to challenge this dominance. The author suggests that vaults and curators may become central to a new financial architecture, facilitating global capital flow and efficiency. However, these structures currently lack mechanisms for asset price inflation and face risks from code vulnerabilities and governance issues. The future may lie in broker-like channels that enhance capital fluidity beyond centralized exchanges, potentially leading to a more integrated and efficient global market system. Ultimately, the article concludes that while DeFi infrastructure matures, the real innovation opportunity resides in creating channels that enable seamless, scalable capital interaction, moving beyond traditional token economics.

比推03/11 06:44

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

比推03/11 06:44

Aptos unlocks $10.88M in APT, yet 69% of supply is staked – What wins?

Aptos is scheduled to unlock 11.31 million APT tokens (worth $10.88 million) on March 12, representing 0.69% of its circulating supply. While such unlocks typically create sell pressure, several factors may mitigate the impact. Notably, 69% of the supply is staked, reducing immediate selling risk. Additionally, partnerships to tokenize funds with institutions like BlackRock could absorb some of the unlocked supply. Despite APT's market cap falling to its lowest level since launch, losing over $7 billion since its 2024 peak, there are early signs of bullish momentum as indicated by a MACD crossover. However, the asset remains in a distribution phase, suggesting cautious optimism amid ongoing unlocks.

ambcrypto03/10 22:33

Aptos unlocks $10.88M in APT, yet 69% of supply is staked – What wins?

ambcrypto03/10 22:33

Arthur Hayes predicts $150 for HYPE: Can Hyperliquid’s trading boom make it happen?

Arthur Hayes, co-founder of BitMEX, predicts that the HYPE token from Hyperliquid could reach $150 by August 2026, a 5x increase from its current price. He argues that despite weak market sentiment, decentralized exchanges (DEXes) like Hyperliquid can thrive by generating consistent revenue from trading fees. Hyperliquid's model uses ~97% of its revenue to buy back and burn tokens, reducing supply and supporting the price. However, achieving this target requires annualized revenue to grow from ~$843 million to ~$1.4 billion. A key growth driver is HIP-3, which enables permissionless perpetual markets for assets like the Nasdaq-100 and already contributes 10% of revenue. Hayes also highlights Hyperliquid's low ADV/OI ratio as a sign of genuine trading activity. While recent price gains and improving sentiment are positive, the market remains cautious, awaiting stronger confirmation of sustained growth.

ambcrypto03/10 19:02

Arthur Hayes predicts $150 for HYPE: Can Hyperliquid’s trading boom make it happen?

ambcrypto03/10 19:02

The Limits of Finance, The Channel Value of Global Markets

This article explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing institutional interest in on-chain vaults and real-world assets (RWA). While major asset managers like BlackRock and Apollo are investing heavily in DeFi tokens, the sector faces challenges, including liquidity crises and structural limitations. A central theme is the absence of a native DeFi risk-free interest rate. Despite multiple attempts—from algorithmic stablecoins to liquidity staking tokens—DeFi has largely adopted USDT and USDC for their scale, effectively making U.S. Treasury bonds the de facto benchmark. However, this dependency creates vulnerability, as DeFi cannot interact bidirectionally with traditional finance. The article argues that the next phase of DeFi will revolve around vaults—on-chain repositories that aggregate assets and yield. These vaults, managed by "curators," aim to offer fixed-rate products and credit systems but currently lack mechanisms for asset price inflation and clear risk management. The piece concludes that while vaults and curators are gaining traction, the true innovation lies in creating efficient "channels" or broker-like systems that enhance global capital flow. These could eventually replace centralized exchanges as the primary liquidity hubs, enabling a more integrated and efficient financial system without relying on traditional tokenomics.

marsbit03/10 13:23

The Limits of Finance, The Channel Value of Global Markets

marsbit03/10 13:23

How to Accurately Value Cryptocurrencies?

Evaluating cryptocurrencies requires moving beyond simplistic metrics like market cap divided by protocol revenue. The core framework proposed is Enterprise Value (EV) / Holder Income, which accounts for what token holders actually receive. Key adjustments include: - **EV Calculation**: EV = Market Cap - Extractable Treasury Assets (discounted based on holder control, e.g., 0% for auto-burn, 100% if no claim exists). - **Holder Income**: The portion of protocol revenue (after supply-side payments) that reaches holders via buybacks, burns, or distributions. The accrual Ratio (Holder Income/Protocol Revenue) varies widely (25%-100% in examples). - **Token Costs**: Team incentives and operational costs from new token issuance are true business expenses and reduce Holder Income. Investor unlocks are market events, not operational costs. Examples: - HYPE: High accrual (100%) but significant team costs. - PUMP: Low EV/Protocol Revenue but high "holder tax" from future unlocks. - MAPLE: Large accrual discount (25.1% ratio). - JUP: Clean structure with net-zero emissions. This framework highlights the mispricing between protocol earnings and holder returns, emphasizing the need to measure actual value capture.

marsbit03/09 03:16

How to Accurately Value Cryptocurrencies?

marsbit03/09 03:16

What’s Driving Bitcoin And Ethereum Prices – And Why Investors Should Be Watchful

Bitcoin and Ethereum prices have declined significantly due to institutional and fundamental concerns. Bitcoin fell below $70,000, driven by a reversal in spot Bitcoin ETF flows, with outflows of $228 million on March 5 and over $348 million the following day. Broader market sell-offs, large-volume BTC sales by major holders, and selling pressure from exchanges like Binance and Coinbase contributed to the slump. Analysts predict further declines to between $60,000 and $48,000. Ethereum dropped below $2,000 amid criticism of its token economics. Short-selling firm Culper Research warned that the Fusaka upgrade expanded block capacity faster than demand, leading to low-value transactions and reduced validator earnings. The upgrade also coincided with a surge in address-poisoning attacks, resulting in an estimated $87 million in losses. Culper has shorted ETH, labeling it a "broken token" with little future economic value.

bitcoinist03/08 00:31

What’s Driving Bitcoin And Ethereum Prices – And Why Investors Should Be Watchful