# Сопутствующие статьи по теме Trading

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

Profit Soaring, Sentiment at Rock Bottom: The True Face of Crypto Amid $6 Billion Unlock

The crypto industry faces a paradox: record-high profitability amid extreme fear and negative sentiment. While protocols generated $74.8 billion in fees since 2018—nearly half in the last 18 months—many projects have shut down, and layoffs are widespread. Key shifts in revenue structure reveal that stablecoin issuers like Tether and Circle now dominate, capturing 34.3% of all fees due to high demand for dollar-backed assets and near-zero marginal costs. Meanwhile, trading-focused applications (e.g., Telegram bots and perpetual exchanges) have surged, accounting for over 15% of revenue by catering to speculative demand. In contrast, layer-1 and layer-2 blockchains and DeFi protocols have seen valuations collapse, with price-to-fee ratios dropping sharply. The median monthly revenue for protocols has fallen to $13,000, indicating intense competition. The industry’s moats include first-mover advantage (e.g., Tether), liquidity depth (e.g., Aave), and distribution prowess (e.g., meme platforms). Token valuations are now more rational—often below traditional finance multiples—but must evolve to offer real economic rights and governance utility. Crypto’s future lies in integrating with the broader internet infrastructure, focusing on high-frequency trading fees and verifiable transparency.

marsbit03/06 09:42

Profit Soaring, Sentiment at Rock Bottom: The True Face of Crypto Amid $6 Billion Unlock

marsbit03/06 09:42

After the Valuation Collapse: The Crypto Market Enters the 'Revenue Pricing' Era

The crypto market is shifting from speculative narratives to a focus on real revenue generation, entering an "earnings-based valuation" era. Despite industry-wide fear and declining sentiment, crypto-native protocols have generated $74.8 billion in fees since 2018, with nearly half ($31.4 billion) occurring between January 2024 and June 2025. However, valuations have collapsed as novelty premiums fade. Key trends include: - **Stablecoin dominance**: Tether and Circle now account for 34.3% of all fees, benefiting from global demand and near-zero marginal costs. - **Trading platforms surge**: Meme coin trading and perpetual exchanges (e.g., Hyperliquid, Jupiter) grew from 1% to over 15% of total revenue by 2025, driven by consumer demand for high-risk, high-reward products. - **Protocol decline**: Layer 1 and Layer 2 tokens (e.g., Solana, Arbitrum) saw price-to-fee ratios drop sharply as infrastructure matured and competition increased. The median monthly revenue per protocol fell to $13,000. - **Valuation rationalization**: The average price-to-sales ratio for crypto assets compressed from 40,400x in 2020 to 170x today, aligning with or below traditional financial infrastructure multiples (e.g., Visa at 15x P/S). Protocols like Aave (4x P/S) and Hyperliquid (7x P/S) now trade at reasonable valuations. The era of building pure infrastructure is over. Success requires business models with real revenue, clear moats (first-mover advantage, liquidity, or distribution), and tokens that offer actual economic rights and governance—not just speculative value.

比推03/06 09:10

After the Valuation Collapse: The Crypto Market Enters the 'Revenue Pricing' Era

比推03/06 09:10

Ethereum’s Price Dips, But Bitmine Immersion Is Buying More ETH Through Market Chaos

Ethereum's price has dipped significantly from its recent all-time high of $4,900, yet it has rebounded above $2,100. Despite the ongoing market turbulence, Bitmine Immersion is capitalizing on the volatility by expanding its Ethereum holdings. The company recently purchased an additional 50,900 ETH, bringing its total holdings to approximately 4.47 million ETH, which represents about 3.7% of the circulating supply. According to Bitmine's CEO Tom Lee, this strategic accumulation is a deliberate move, reflecting strong conviction in Ethereum's long-term prospects and expectations of a market recovery by March. From a technical perspective, Ethereum's price movement is closely aligned with Bitcoin's, showing signs of a potential bullish trend. Analysts suggest that while the market structure remains fragile and short-term direction is not guaranteed, the breaking of key resistance levels and the current price action indicate the possibility of a larger upward move. The price is now attempting to break above the $2,150 resistance level, signaling a potential shift in market sentiment.

bitcoinist03/06 04:02

Ethereum’s Price Dips, But Bitmine Immersion Is Buying More ETH Through Market Chaos

bitcoinist03/06 04:02

Hyperliquid Policy Center Maps Out Multi-Year Agenda, CEO Sets 3 Key Goals

Jake Chervinsky, CEO of the Hyperliquid Policy Center (HPC), has outlined a multi-year policy agenda to reshape DeFi regulation in the U.S. The independent research and advocacy organization aims to promote clear rules for decentralized finance, focusing on expanding lawful U.S. access to decentralized perpetual derivatives markets and protecting open-source developers from being misclassified as financial intermediaries. HPC is actively supporting the CLARITY Act to include explicit protections for DeFi builders. Chervinsky highlighted three key goals: establishing CFTC and SEC pathways for legal trading of commodity and equity perpetuals on decentralized platforms like Hyperliquid, and securing passage of the CLARITY Act with strong developer safeguards.

bitcoinist03/05 23:02

Hyperliquid Policy Center Maps Out Multi-Year Agenda, CEO Sets 3 Key Goals

bitcoinist03/05 23:02

Shiba Inu At A Crossroads: Here’s How Top Traders Are Leaning On The Meme Coin

Shiba Inu is at a pivotal point, with top traders maintaining a net-long bias but showing signs of fading conviction. Derivatives data from Binance indicates a Long/Short Ratio (Positions) of 1.13, with 52.97% long positions versus 47.03% short. However, this ratio has been gradually declining, reflecting a cautious reduction in bullish exposure. Similarly, the Long/Short Ratio (Accounts) has decreased from above 1.30 to 1.09, signaling a steady cooling in sentiment. Buying activity is met with responsive selling, creating balanced volume dynamic and preventing either side from dominating. This suggests a market in a compression phase, lacking a clear catalyst, with traders prioritizing risk management over aggressive bets. While bulls still hold a structural edge, the narrowing bias and balanced activity indicate growing uncertainty. Shiba Inu remains at a crossroads, with professional traders positioned carefully rather than confidently, awaiting a decisive move.

bitcoinist03/05 13:03

Shiba Inu At A Crossroads: Here’s How Top Traders Are Leaning On The Meme Coin

bitcoinist03/05 13:03

From 240B To 7B: Decoding The Massive Velocity Slump Paralyzing XRP Trading Activity On Binance

XRP is experiencing a significant structural decline in trading activity on Binance, as indicated by a sharp drop in its 30-Day Liquidity Index. The index has fallen to approximately 0.097, nearing historical lows, while the monthly turnover rate has decreased to around 7.02 billion XRP. This contrasts sharply with the 2022–2024 period, when the index often exceeded 3 and monthly volumes reached 180–240 billion XRP. The current low-liquidity environment suggests reduced market participation and trading velocity, making XRP more vulnerable to sudden capital movements despite not necessarily implying immediate price declines. A resurgence in trading activity could, however, quickly impact short-term price dynamics.

bitcoinist03/05 09:02

From 240B To 7B: Decoding The Massive Velocity Slump Paralyzing XRP Trading Activity On Binance

bitcoinist03/05 09:02

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