# 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.

Sentient Announces Token Economics, How Will the Market Price It?

Sentient, an open-source AI platform focused on building an open, monetized, and verifiable Artificial General Intelligence (AGI) economy, has released the tokenomics for its native token SENT. The total supply is set at approximately 34.36 billion tokens (2³⁵), distributed across five categories: Community Initiatives & Airdrops (44%), Ecosystem & R&D (19.55%), Team (22%), Investors (12.45%), and Public Sale (2%). The SENT will be used for staking, model services, data-related functions, and payments within the platform's ecosystem, particularly for services powered by Artifacts. Unlock schedules vary: 30% of community and ecosystem allocations are unlocked at TGE, with the remainder linearly released over four years. Team and investor tokens are locked for one year post-TGE, then linearly vested over four and six years, respectively. The public sale portion is fully unlocked at TGE. Market expectations are high, with Polymarket prediction data indicating a 99% probability that Sentient’s fully diluted valuation (FDV) will exceed $200 million upon launch. Sentient aims to create a decentralized AGI economy where developers can monetize models, data, and innovations. Its core infrastructure, GRID (Global Research and Intelligence Directory), is a composable network of AI agents, models, and tools. The project has raised $85 million in seed funding from investors including Founders Fund, Pantera Capital, and Framework Ventures. Key advisors include Sandeep Nailwal (Polygon) and Sreeram Kannan (EigenLayer). The team is research-heavy, with core contributors coming from academic and engineering fields. The platform emphasizes transparency and collaboration through its Open, Monetized, Loyal (OML) model and has open-sourced its ROMA (Recursive Open Meta-Agent) framework to support multi-agent task coordination. Over 60 ecosystem partners have been onboarded, covering model collaboration, agents, data providers, and validators.

marsbit01/16 10:12

Sentient Announces Token Economics, How Will the Market Price It?

marsbit01/16 10:12

Stablecoins Control 60% of Revenue but Face 'Liquidation' from Interest Rate Cuts

The article analyzes the revenue structure of the crypto industry, highlighting that stablecoin issuers, particularly Tether and Circle, dominate with over 60% of the total revenue, though their share is expected to weaken due to declining interest rates. Decentralized perpetual exchanges (perp DEXs) like Hyperliquid emerged as a significant revenue driver, accounting for 7-8% of total revenue in 2025, surpassing older DeFi sectors. Three key revenue sources are identified: spread income (from stablecoins), trade execution (from perp DEXs), and distribution channels (from token launch platforms). The industry generated $16 billion in revenue in 2025, with 58% retained by protocols after paying suppliers. Notably, value transfer to token holders via rewards, buybacks, and burns increased, reaching over 18% of protocol revenue at its peak, signaling a shift toward token-based economic ownership. The trend is expected to accelerate in 2026 as protocols prioritize incentivizing holders.

比推01/14 14:21

Stablecoins Control 60% of Revenue but Face 'Liquidation' from Interest Rate Cuts

比推01/14 14:21

After the Implementation of Uniswap's Fee Switch: Is This DeFi Transformation's 'Report Card' Impressive Enough?

Uniswap's fee switch activation, implemented through the "UNIfication" proposal, marks a pivotal shift in its tokenomics by linking UNI tokens directly to protocol usage and revenue. Previously a governance-only asset, UNI now accrues value through a deflationary mechanism where a portion of protocol fees from Uniswap V2, V3, and Unichain is used to programmatically burn UNI tokens. An initial one-time treasury burn of 100 million UNI was executed to compensate holders for past unaccrued fees. Early data indicates an annualized protocol revenue of approximately $26-27 million, resulting in a revenue multiple of around 207x relative to UNI’s $5.4 billion market capitalization. The current annualized burn rate is estimated at 4-5 million UNI, representing only 0.4% of the circulating supply. This high valuation implies strong market expectations for future growth, requiring expanded fee capture—such as broader pool coverage, V4 hooks, and Unichain optimization—to justify current levels. The move reflects a broader DeFi trend toward "fee-hooked" token models, where tokens are designed to better align holders with protocol economics through mechanisms like burns, staker rewards, or ve-token lockups. This transition makes UNI more analytically grounded but also subjects it to greater scrutiny based on sustainable value accumulation and real yield generation. Regulatory developments regarding revenue-sharing tokens will also play a critical role in shaping its future.

marsbit01/14 10:05

After the Implementation of Uniswap's Fee Switch: Is This DeFi Transformation's 'Report Card' Impressive Enough?

marsbit01/14 10:05

Who Controls the Revenue Lifeblood of the Crypto Industry?

The article analyzes the revenue dynamics of the crypto industry, which generated over $16 billion in revenue in 2025—double that of 2024. The largest revenue drivers are stablecoin issuers like Tether and Circle, which account for 60% of total industry revenue. However, decentralized perpetual exchanges (perp DEXs) such as Hyperliquid, EdgeX, Lighter, and Axiom emerged as a significant new sector, collectively contributing 7-8% of total revenue—more than established DeFi sectors like lending and staking combined. Three key factors drive crypto revenue: spread income (e.g., interest from stablecoin reserves), transaction execution (e.g., perp DEXs enabling high-frequency trading), and distribution channels (e.g., token launch platforms like pump.fun). The article notes that perp DEXs, with their frictionless trading and liquidity advantages, are the only sector potentially challenging stablecoin issuers' dominance. Additionally, the industry is shifting toward value transfer to token holders via mechanisms like buybacks, burns, and fee sharing. In 2025, $33.6 billion (58% of total fees) was returned to token holders, reinforcing tokens as economic ownership claims rather than mere governance tools. This trend is expected to accelerate in 2026, especially as falling interest rates reduce the appeal of spread-based revenue.

marsbit01/14 09:52

Who Controls the Revenue Lifeblood of the Crypto Industry?

marsbit01/14 09:52

Dialogue with Aster CEO: When CZ Knocks with 'Overwhelming Traffic', How Are We Preparing to Respond

Aster CEO Leonard discusses the project's explosive growth, challenges, and future vision in an exclusive interview. The conversation covers the recent "Human vs. AI" trading competition, where a key insight was that users inherently trust AI agents more for decentralized, trustless asset management due to their predictable, incentive-agnostic nature—a major focus for Aster's next development phase. The discussion then addresses the immense, sudden attention from CZ (Changpeng Zhao), who publicly disclosed holding over $2 million in Aster tokens. Leonard describes this a positive validation that brought both "sweet pressure" and a crash course in scaling under intense demand, ultimately forcing rapid improvements in UX and system stability. In the highly competitive Perp DEX arena, Leonard emphasizes that sustainable growth hinges on product excellence and building a closed-loop value flywheel: creating real value, having users pay for it, and effectively returning that value to token holders. Aster is also pioneering privacy with features like "Shield Mode," which offers private trading, extreme leverage, and a profit-sharing fee model. Its upcoming Aster Chain is framed not as a general-purpose ecosystem but as an "app-chain" meticulously built to optimize its core trading product's performance, transparency, and privacy features. Looking ahead to 2026, Leonard's key expectations are: greater adoption of on-chain privacy features, breakthroughs in AI-powered trustless asset management, and the expansion of perpetual contracts ("perps") to a much wider range of quantifiable assets, including prediction markets and novel indexes.

marsbit01/14 09:26

Dialogue with Aster CEO: When CZ Knocks with 'Overwhelming Traffic', How Are We Preparing to Respond

marsbit01/14 09:26

The Key Value of Munger and Buffett's Long-Term Thinking Model for Web3

The article explores how Charlie Munger and Warren Buffett's long-term investment philosophy can provide critical insights for the Web3 industry. Despite their historical skepticism toward cryptocurrencies, their principles—focusing on intrinsic value, durable business models, and rational risk assessment—are highly relevant to blockchain’s development. The author identifies three key criteria for evaluating Web3 projects: 1. **Real Demand**: Projects should demonstrate genuine utility and organic usage—like Ethereum’s gas fees or user-paid transactions—rather than rely on short-term incentives or artificial metrics. 2. **Sustainable Business Models**: Successful projects exhibit network effects, scalability, and economic moats that allow them to thrive across market conditions, aligning with the concept of compounding value. 3. **Sound Tokenomics**: Tokens should have clear value-accrual mechanisms, such as fee distribution or buybacks, and avoid structural dilution or over-centralization. Additionally, Munger’s emphasis on multidisciplinary thinking and operating within one’s “circle of competence” is crucial for navigating Web3’s complexities. Understanding protocol risks—like governance failures, death spirals, or technical flaws—can prevent significant losses. Ultimately, the piece argues that long-term value creation in Web3 depends on applying time-tested investment principles to filter out speculative noise and identify projects with enduring worth.

marsbit01/14 07:26

The Key Value of Munger and Buffett's Long-Term Thinking Model for Web3

marsbit01/14 07:26

The Truth About the Crypto Money Printer: Want to Make Money in 2026? Keep an Eye on These Three Directions

The article "Crypto’s Revenue Recipe" analyzes the revenue generation landscape in the crypto industry, highlighting key trends and drivers based on data from 2025. Total crypto protocol revenue doubled to over $16 billion in 2025, with stablecoin issuers like Tether and Circle dominating, accounting for 60% of total revenue. However, perpetual DEXs (e.g., Hyperliquid, EdgeX) emerged significantly, contributing 7-8% of industry revenue. Three core drivers are identified for 2026: 1. **Carry**: Revenue from holding and transferring assets (e.g., stablecoin interest earnings), though vulnerable to Fed rate cuts. 2. **Execution**: Perpetual DEXs gain traction by enabling low-friction, high-frequency trading and liquidity provision, challenging stablecoin dominance. 3. **Distribution**: Token launch platforms (e.g., pump.fun) leverage frictionless asset creation and distribution to capture incremental revenue. The article emphasizes the shift towards value transfer to token holders, with 19% of protocol revenue distributed via staking, dividends, buybacks, or burns in 2025—a sign of growing "economic ownership" rather than mere governance. Projects like Hyperliquid and pump.fun are cited for prioritizing holder rewards. In 2026, value distribution is expected to become standard for protocols aiming for fundamental-based token valuation.

比推01/13 18:54

The Truth About the Crypto Money Printer: Want to Make Money in 2026? Keep an Eye on These Three Directions

比推01/13 18:54

Fogo Countdown to Binance Spot Listing: Can FDV Reach $300 Million?

Fogo, a high-performance SVM Layer 1 blockchain, is set to launch its FOGO token on Binance Spot. The token was offered in a Pre-TGE Prime Sale on Binance Wallet on January 13, raising approximately $7 million by selling 200 million FOGO (2% of total supply) at $0.035 per token, implying a fully diluted valuation (FDV) of $3.5 billion. Pre-TGE perpetual contracts are already trading at around $0.056, suggesting a potential 60% profit for sale participants. Market sentiment is optimistic, with a 93% probability that FDV will exceed $3 billion the day after listing. Fogo is designed for low-latency and high-throughput applications like trading and DeFi, featuring a 40ms block time. The project has raised $550 million in a seed round and $800 million in a community round. The total token supply is 10 billion FOGO, with 16.68% allocated to the community, 34% to core contributors, and significant portions to investors and the foundation. Most investor and team tokens are locked with a 12-month cliff followed by a 4-year vesting period.

marsbit01/13 09:37

Fogo Countdown to Binance Spot Listing: Can FDV Reach $300 Million?

marsbit01/13 09:37

A Game with No Winners: How to Break the Deadlock in the Altcoin Market?

The altcoin market is currently trapped in a "four-lose dilemma" due to flawed token distribution models. The prevalent low initial circulation strategy, designed to artificially maintain high fully diluted valuations (FDV), has backfired. It creates a scenario where centralized exchanges, token holders, project teams, and venture capitalists all ultimately suffer. Exchanges face community backlash from poor token performance, holders experience price collapse as supply unlocks, projects damage the industry's fundraising capacity, and VCs see their long-term investment channels deteriorate. Market responses, such as the 100% initial circulation of meme coins and the community-centric MetaDAO model, have failed to provide sustainable solutions, often creating new problems like extreme volatility or alienating talented founders. A potential path forward requires rebalancing interests: exchanges should shift from arbitrary lockups to KPI-based unlocks; holders should demand transparency and control over major decisions without micromanaging; projects must only issue tokens with clear utility and product-market fit; and VCs should stop forcing token launches on every project. The next 12 months will be challenging as the market absorbs the last wave of excess supply from the 2021-2022 funding boom. However, this digestion period, coupled with more selective token launches and evolving standards, could lead to a healthier market. The long-term viability of the altcoin model depends on avoiding a "lemon market" where only failing projects issue tokens, while successful ones opt for traditional equity. Despite current hardships, tokens retain unique advantages for driving growth and building loyal communities when implemented correctly.

marsbit01/12 03:38

A Game with No Winners: How to Break the Deadlock in the Altcoin Market?

marsbit01/12 03:38

$6 Trillion in Assets On-Chain: Why Canton Network is Wall Street's New Darling

Canton Network is gaining significant traction as a blockchain platform focused on real-world assets, with reported support for over $6 trillion in on-chain assets and a daily transaction volume of $280 billion. Backed by major traditional finance institutions like DTCC and J.P. Morgan, it functions as an interoperability layer connecting independent networks ("cantons"), similar to Cosmos. The network relies on 13 permissioned "Super Validators" for consensus, many of which are operated by early investors. Canton uses a native utility token, Canton Coin (CC), which is burned as gas fees, creating deflationary pressure. Similar to Bitcoin, it employs a programmed halving schedule—the second halving is imminent, potentially reducing supply and impacting short-term token prices. While its privacy-focused, customizable design appeals to institutional players, concerns remain about centralized control and insider advantages, as Super Validators heavily influence token distribution and featured applications. The upcoming halving presents a speculative opportunity, but long-term value depends on sustainable network utility rather than supply shocks alone.

比推01/09 23:49

$6 Trillion in Assets On-Chain: Why Canton Network is Wall Street's New Darling