News
Altcoin News
Altcoin News
Browse all Altcoin related articles and news. The latest news, analysis, and insights on Altcoin.
SOL Comment and Price Analysis - August 11, 2025 | JrKripto
SOL Technical AnalysisSolana continues to trade within its broad ascending channel structure, which has remained intact for a considerable time. Both the lower and upper boundaries of the channel remain valid in the bigger picture. Recently, the price has been moving upward within the mid-zone of this channel.The $167.87 horizontal support level was tested in recent days, with the price rebounding strongly from this area. This level is critical as it coincides with both horizontal support and the ascending trendline. The price is currently around $183.77 and is advancing toward the upper resistance area.If the price maintains stability above $167, the upward movement is expected to continue. In this scenario, the next targets to watch are $191.89, $201.24, and $233.18, respectively. Technically, the upper boundary of the channel aligns with the $300 level, forming a strong medium-term target.In case of a pullback, the first support will be $167.87. Below this, the $146.86 – $140.03 range will serve as a critical support area. For deeper corrections, the $121.00 – $122.00 zone near the channel’s lower boundary stands out as a strong demand area. Rising Channel Structure Summary:Price: $183.77, trading within an ascending channelFirst support: $167.87Upside targets: $191.89 → $201.24 → $233.18 → $300Primary trend: Ascending channel remains intact; uptrend is preservedThis analysis does not constitute investment advice and focuses solely on support and resistance levels that may present potential short- to medium-term trading opportunities based on market conditions. All trading and risk management decisions are solely the responsibility of the user, and the use of stop-loss orders is strongly recommended.
Over 40 Altcoin Projects Unlocks This Week: Massive Supply Wave Coming
According to JrKripto data, token unlocks will occur in more than 40 altcoins in the cryptocurrency market this week. These unlocks will mean the entry of millions of dollars of new supply into the market in some projects, while limited amounts of tokens will be released in smaller projects. Let's take a look at these developments, which could create both opportunities and price pressure for investors.Some altcoins are experiencing major unlocks.Unlocks in high-capitalization projects generally have a more visible impact on price movements.WhiteBIT Coin (WBT) – August 13: 80 million WBT, equivalent to 20% of the total supply, will be released, worth approximately $3.58 billion.Sei (SEI) – August 14: 224.86 million SEI, representing 2.25% of the total supply, is worth $72.24 million. Cronos (CRO) – August 16: Opening at 1.17 billion CRO, worth approximately $189.17 million.ApeCoin (APE) – August 16: 15.38 million APE, worth $9.68 million.Cyber (CYBER) – August 14: 5.33 million CYBER, worth a total of $10.34 million.Caldera (ERA) – August 15: 13.13 million ERA, worth approximately $14.11 million.Manta Network (MANTA) – August 15: 15.68 million MANTA, worth $3.66 million.Fusionist (ACE) – August 15: 3.05 million ACE, worth $1.81 million.Mid-Scale unlocksProjects in this group generally operate in niche areas, and while openings may be in the million-dollar range, their market impact may be limited.Parcl (PRCL) – August 16: 14.2 million PRCL – approximately $1.4 million.Privasea AI (PRAI) – August 12: 20.08 million PRAI – $592,000.Chainbase (C) – August 12: 11.18 million C – $2.95 million.RepubliK (RPK) – August 12: 39.42 million RPK – $21.4 thousand.Bubble (BUBBLE) – August 12: 296.08 million BUBBLE – $155,000.Turbos Finance (TURBOS) – August 14: 106.46 million TURBOS – $124.9 thousand. Small-cap altcoins also on the listAltcoin projects with low market capitalization and limited unlock amounts are also on the calendar this week.Projects opening in this category on different days between August 12th and 16th include: SWEAT Economy (SWEAT), Games for a Living (GFAL), Chappyz (CHAPZ), VinuChain (VC), Blast Royale (NOOB), RSS3 (RSS3), Finblox (FBX), Superpower Squad (SQUAD), Pencils Protocol (DAPP), DEFY (DEFY), Atem Network (ATEM), Verida (VDA), ZTX (ZTX), IguVerse (IGU), AtPay (ATPAY), Virtual Versions (VV), Vendetta (VDT), Oasys (OAS), Dappad (APPA), GameGPT (DUEL), Boba Network (BOBA), Mar3 AI (MAR3), TRIO (TRIO), Karate Combat (KARATE), Kingdom of Ants (ANTC), and FrontFanz (FANX). Openings for these projects typically range from a few thousand dollars to several hundred thousand dollars. Although it contributes to liquidity, its price impact is generally limited.
Bitcoin and Ethereum Rise on Trump's Crypto Decision and Inflation Expectations
The cryptocurrency market had a strong start to the new week. Bitcoin price rose 3 percent in the last 24 hours, rising above $122,000 and moving one step closer to its all-time high (ATH). It later retreated to $121,000. Meanwhile, Ethereum (ETH) reached $4,300, its highest level since December 2021. This rise is driven by both policy developments and technical and macroeconomic factors. US President Donald Trump has directed the Department of Labor to investigate the possibility of adding cryptocurrencies, private equity, and other alternative assets to 401(k) retirement plans. Analysts note that this step could create room for crypto assets in the retirement portfolios of millions of US investors, significantly increasing institutional demand. As you may recall, the approval of spot Bitcoin ETFs in 2024 brought significant liquidity to the market. According to market data, spot Bitcoin ETFs saw net inflows of $253 million last week, while Ethereum ETFs saw net inflows of $461 million. These strong inflows, particularly in Ethereum, are bolstering expectations that the ETH price could approach its record high of $4,878 in the short term. Institutional firms are also active on the buying side; for example, SharpLink Gaming reportedly purchased 52,800 ETH over the weekend.BTC is on the rise again after consolidating around $115,000 last week. The rally, which began during trading hours in the Asian region, accelerated with a breakout of $119,000, and the price quickly climbed above $122,000. During this period, $50 million worth of short positions were liquidated within two hours, further fueling the rally.On-chain data also points to strong activity on the Bitcoin network. According to analyst Ali Martinez, 364,126 new BTC addresses were created daily, the highest level in a year. Macroeconomic developments are eagerly awaitedOn the macroeconomic front, all eyes are on the US Consumer Price Index (CPI) and Producer Price Index (PPI) data, which will be released this week. Market expectations are for inflation to rise by 0.3 percent in July. Economists note that Trump's tariffs have triggered price increases, particularly in items such as household goods and entertainment products.While the likelihood of a rate cut at the Fed's September meeting is increasing, Polymarket data indicates a 40 percent probability of two 50 basis point cuts. However, following the revision in employment data, expectations for a more aggressive 75 basis point cut have risen from 8 percent to 23 percent.Analysts emphasize that historically, July and August have been positive for Bitcoin in post-halving years, with a potential pullback in September leading to new highs in the final quarter of the year. The market will be closely watching to see whether this week's inflation data supports the rally.
APT Comment and Price Analysis - August 11, 2025 | JrKripto
APT Technical AnalysisThe falling channel pattern remains intact on the APT chart. Following a sharp recent sell-off, the price dropped below the channel’s midline before finding support at the horizontal level of $4.06. This rebound sparked renewed movement within the channel, with the price now trading at $4.60.The first key threshold for sustaining upward momentum is the $4.93 resistance level. A breakout above this zone could pave the way for a move toward the channel’s upper boundary, located around $5.10–$5.60. However, strong volume will be essential for overcoming these resistance levels.Otherwise, the price could retreat back to the $4.44 - $4.06 support range. These two zones serve as short-term defensive lines for APT.If the channel breaks to the upside, the technical target could be projected based on the channel’s length. This points to a potential medium-term move toward $6.18–$6.39, followed by $7.10. The primary target level at $8.40 remains in play. Falling Channel Structure In summary:Price: $4.60Short-term resistance: $4.93 → $5.10 → $5.60Channel upper band: $5.60Short-term support: $4.44 → $4.06Upward breakout targets: $6.18 → $6.39 → $7.10Channel breakout target: $8.40This analysis does not constitute investment advice. It focuses on support and resistance levels that may present trading opportunities in the short to medium term, depending on market conditions. All trading decisions and risk management remain the sole responsibility of the user. The use of a stop-loss is strongly recommended for all trades mentioned.
What is Quant (QNT)?
The blockchain world has grown at an incredible pace in the last few years. We're not just talking about giants like Bitcoin or Ethereum, but hundreds of different networks. Each operates with its own rules, language, and technology. So, how will so many blockchains communicate with each other, just as different countries speak different languages? That's where Quant comes in.Starting with the vision of bridging different networks, Quant aims to transform blockchain technology from its "fragmented island" perspective into a single, harmonious ecosystem. In this article, we'll explore everything from Quant to Overledger technology, the QNT token's use cases, and the project's corporate partnerships. If you're ready, let's start our Quant guide.Quant (QNT) is a blockchain technology project focused on ensuring interoperability between different blockchain networks. Launched in 2018 by Gilbert Verdian, Quant Network has developed an operating system (DLT gateway) called Overledger, which allows blockchains to easily communicate with each other and with existing corporate networks. This allows us to answer the questions of what QNT coin is and what Quant is. Quant is an innovative infrastructure that connects multiple blockchains under a single roof, enabling the seamless flow of data and value between them. QNT coin is the token of this ecosystem. Quant Network facilitates the adoption of blockchain technology by real-world institutions, particularly by targeting the integration of diverse systems in areas such as finance, healthcare, and supply chain. The project's native cryptocurrency, QNT coin (Quant token), is at the core of this ecosystem, serving as a license token used for access to the Overledger platform, an application development license, and network transactions. In other words, the QNT token's purpose is to answer the question: it's a digital asset required for paying fees, providing authorization, and enabling applications on the Quant network.Quant's Definition and OriginsThe Quant Network's primary goal is to ensure the interoperability of blockchain technologies with existing internet and institutional systems (inter-blockchain compatibility). Its founder, Gilbert Verdian, observed communication gaps between different databases and systems while working for both the UK and Australian governments, and to address this, he spearheaded blockchain standardization initiatives in 2015. In line with this vision, the Overledger infrastructure, which emerged as the answer to the question of what Quant Network is, is defined as a "network of networks" technology that will address the lack of communication between networks on the internet. What is Overledger? Simply put, Overledger is a universal API gateway that connects multiple blockchains and distributed ledger systems under a single roof. This platform bridges blockchains and traditional networks, enabling interoperability between different protocols. This allows institutions, banks, or government systems to communicate with them from a single point, regardless of the underlying blockchain, through Overledger.The project's core product, Overledger, acts as an intermediary layer between blockchains and traditional networks. For example, a bank can use both its private ledger and public blockchains like Ethereum, Ripple, and Bitcoin simultaneously with Overledger. Overledger provides an API layer that standardizes data exchange between different networks, allowing developers to write chain-agnostic applications. This allows a single application (mDApp) to run simultaneously on multiple blockchains and securely transfer transactions from one chain to another. This interoperability layer, developed with the Quant Network, unites today's disconnected blockchain ecosystems and contributes to the vision of open and connected networks that the internet initially promised.The Quant Network's inception began with an ICO (Initial Coin Offering) in 2018. Gilbert Verdian and his team raised over $11 million in a token sale in April 2018, launching the QNT token. With this success, the company was officially established as a private software startup based in London and quickly gained attention. The first version of the Overledger platform was introduced in late 2018 and made available to developers in December 2018. Throughout 2019, the team tested and refined the platform's core features, demonstrating the technology's practical utility by running the first multi-chain applications (mApps) across different blockchain networks. A live demo, particularly across popular networks like Bitcoin, Ethereum, and Ripple, demonstrated Overledger's ability to read transactions across these networks and combine them into a single application. Ultimately, Quant's birth stemmed from the motivation to provide a concrete solution to interoperability, one of the blockchain world's most pressing needs at the time. Overledger's four-layer technical architecture: Thanks to this structure, Overledger enables inter-chain communication by integrating multiple blockchains under a single roof. Overledger's technical structure features an innovative four-layer architecture similar to the OSI model. The Transaction Layer, located at the bottom, stores confirmed transactions across connected blockchains; a separate transaction sequence is maintained for each blockchain. The Messaging Layer, located above this, brings together data and messages from transactions across these different chains; information such as smart contract data is collected and packaged in this common layer. The third layer, the Filtering & Ordering Layer, filters and sorts data from the messaging layer according to the needs of relevant applications. For example, rules are implemented here, such as allowing a particular mDApp to accept only transactions from certain addresses or above a certain amount. The Application Layer, located at the top, is where each multi-chain application operates; in this layer, each mDApp operates in its own isolated environment and communicates with other applications via the messaging layer. Overledger's layered structure ensures secure and harmonized data and transaction transmission between different blockchains. Events occurring on one blockchain are interpreted and made usable on another through these layers, making cross-chain compatibility technically possible.The Quant Network's vision of interoperability isn't merely a technical curiosity; it's an approach aimed at solving major real-world problems. For example, it's quite difficult for a bank to effectively use its own private database and a public blockchain simultaneously. Quant's Overledger, on the other hand, allows banks to integrate blockchain into their existing systems with minimal changes. Furthermore, this eliminates the need to build separate infrastructure for each new blockchain; interaction with different networks is facilitated through a single API. As a result, Quant has become one of the leading platforms when it comes to blockchain interoperability.QNT, the native token of the Quant network, is an essential part of the ecosystem. While QNT is an Ethereum-based ERC-20 token, it is designed with the flexibility to migrate to other networks independently of the platform. Those wishing to work as developers on the Quant Network must acquire QNT tokens, as accessing Overledger services and API calls requires payment in QNT. Developers actually purchase platform licenses with fiat (fiat currency), but Quant's Treasury automatically converts this payment into QNT in the background and locks it in smart contracts on the blockchain. This allows institutional customers to pay for the service fee compliantly via credit card or bank transfer without the hassle of purchasing tokens from exchanges—the system handles the rest and converts the relevant amount into QNT. Similarly, end users who want to read/write on Overledger or use an mDApp must indirectly spend QNT. For example, when an institution pays a subscription fee for an Overledger access key, which is renewed annually, this fee is collected in QNT and locked in a smart contract for the duration of the subscription. This entire model allows the QNT token to function as a kind of fuel and permission key within the Quant ecosystem. QNT, which has a maximum supply of approximately 14.6 million units, is likely to increase in value over time as more institutions adopt Overledger (a dynamic of limited supply and high demand). In summary, QNT is a critical tool for Quant to maintain and secure its network effect.Quant's History: Key MilestonesQuant's story began with a search for a solution to one of the blockchain world's biggest challenges: interoperability. Founder Gilbert Verdian's years of institutional and public sector experience laid the foundations for this vision. Officially launched with an ICO in 2018, Quant Network has gradually expanded both its technology and its corporate partnerships since then:2018: Quant Network Establishment and QNT Token LaunchThe project's foundations were laid under the leadership of Gilbert Verdian. At the ICO held in April 2018, $11 million in funding was raised, and QNT tokens, with a total supply of 14.6 million, were launched. That same year, London-based Quant Network Ltd. was founded, and the Overledger operating system concept was first introduced (Quant X event). Starting in December 2018, developers began testing their first multi-chain applications using Overledger. 2019: First version of Overledger and early integrationsThe first production version of the Overledger Network was launched. This significantly reduced blockchain development time and costs. It demonstrated that enterprise blockchain projects, which typically require eight months and millions of pounds, can be implemented with Overledger in "eight minutes and three lines of code." A partnership was established with the Italian financial services network SIA, and Overledger was tested in European interbank payment systems (June 2019). Quant was also accepted into the Amazon Web Services (AWS) Partner Network and began offering solutions on AWS, paving the way for Overledger to be available to millions of AWS enterprise customers.2021: A breakthrough in enterprise partnerships (Oracle, AWS, etc.)Quant's vision of interoperability caught the attention of major technology companies. In 2021, a significant partnership was announced with Oracle; Overledger was certified by Oracle to integrate with the Oracle Blockchain Platform and began being offered to Oracle's enterprise customers. This enabled financial institutions in the Oracle ecosystem to connect their existing systems to different blockchains through Overledger gateways. At the same time, Quant strengthened its presence on AWS and brought blockchain integration to cloud platforms by releasing enterprise products such as "Overledger Authorize" on the AWS Marketplace.2022: Overledger 2.0 and broad network supportIn 2022, the platform received significant improvements with the release of Overledger 2.x. The "Overledger 2.0.5" update enabled bridging of DeFi, stablecoins, NFTs, and ERC-20/721 tokens across different ecosystems (September 2021). The subsequent "Overledger 2.2.12" update (August 2022) introduced the Tokenize feature, allowing for easy cross-institutional token creation and management. A total of 22 Overledger updates were released throughout the year, bringing support for popular networks such as Polygon, Polkadot, XDC, and Hyperledger Fabric. This added a much broader range of blockchains to existing integrations such as Ethereum, Ripple, and Bitcoin. At the end of 2022, Quant announced its integration with Latin America's LACChain network, expanding into regional blockchain projects.2023–2024: DID, CBDC, and Financial API BreakthroughsIn recent years, Quant Network has taken steps to adapt its technology to new use cases. Projects have begun to develop, particularly for decentralized identity (DID) solutions and digital identity management. Work is underway on infrastructures that allow users to securely verify their identities across different platforms. Quant has also emerged in the Central Bank Digital Currency (CBDC) field. In 2023, Quant participated as a technology provider in Project Rosalind, a joint retail CBDC experiment between the Bank of England (BoE) and the Bank for International Settlements. Transactions between central bank money and commercial banks were successfully integrated using Overledger APIs. Shortly thereafter, Quant launched the Overledger Platform (June 2023), making its enterprise blockchain infrastructure available to everyone. This low-code platform, offered as a SaaS model, enables large enterprises and SMEs to easily integrate blockchain technology via API. For example, it becomes possible to issue its own digital currency and transfer it between different blockchain networks in just a few steps, or to add blockchain functions to existing systems with simple API commands.By 2024, Quant participated in initiatives such as the Regulated Liability Network (RLN), which aims to facilitate the issuance and exchange of digital assets in a regulated environment. In the RLN trial conducted with banks and fintech companies in the UK, tokenizing and reconciling commercial bank money and central bank money on a single shared ledger was successfully tested. Quant provided the interoperability infrastructure for this project in collaboration with R3. These steps demonstrate Quant's active role not only in the crypto ecosystem but also in the transformation of the traditional financial system. This presents a positive outlook for the future of Quant coin in the long term; a blockchain project that works with large institutions such as governments and banks has a high probability of staying in the industry.Why is Quant Valuable?There are several key elements that have enabled the Quant project to stand out and the QNT coin to gain so much traction:Inter-blockchain data and transaction compatibility: Quant solves one of the biggest problems in the industry by enabling independent blockchain networks to communicate with each other. By providing a common communication layer between distributed ledgers written in different languages and protocols, it makes data transfer from chain to chain secure and seamless. For example, with Overledger, the result of an Ethereum smart contract can be transferred directly to the Hyperledger network or the Ripple ledger. This normally impossible interaction is made possible by Quant technology. This compatibility breaks down siloed walls between blockchains, opening up much more comprehensive use cases.Chain-agnostic application development: With Overledger technology, developers can develop applications that can run on multiple blockchains with a single codebase. These applications are called mDApps (multi-chain decentralized applications), and they differ from traditional dApps in that they are not dependent on a single blockchain. Overledger offers a standard REST API interface, enabling developers to write applications without worrying about the underlying blockchain infrastructure. This allows an mDApp to simultaneously use smart contracts on Ethereum, authenticate on Hyperledger, and trigger a transaction on the Bitcoin chain. This future-proof scalability is a key feature that distinguishes Quant from many other projects.The QNT token's indispensable functionality: As a utility token at the core of the Quant ecosystem, QNT plays a key role in platform usage. Anyone wishing to use any service on the Overledger network, whether developer or end user, must pay in QNT. Developers pay annual license fees with QNT to connect to Overledger, and if they want to attract users to their applications, they can pay for subscriptions with QNT or other currencies supported by the system (though these are still converted to QNT in the background). Furthermore, to create or use an application on Overledger, a certain amount of QNT must be held in a wallet. This model reduces the circulation of QNT in the network (locking it up), while creating a constant demand demand. This means that as the Quant network grows, the demand for QNT also increases. QNT functions: Enterprise Licenses, Developer Licenses, Platform Fees, Identity and Account, Transaction Processing, Application Users, Gateways and Staking, Utility Token Investment and Trading Enterprise focus and integration capabilities: From the outset, Quant Network has focused on working with financial institutions, large corporations, and governments. Founder Gilbert Verdian's background in government institutions such as the UK Treasury and the Ministry of Justice, as well as major corporations like Mastercard and HSBC, strengthens Quant's corporate language. This has positioned Quant as a trusted technology provider for banks and central banks. For example, Quant plays an active role in the Bank of England's digital currency research, interbank payment tests in Europe, and government-backed blockchain projects in Latin America. Being one of the top names that comes to mind when it comes to enterprise blockchain integration in the industry makes Quant appeal to a much broader potential user base than its peers. This is also a significant advantage for the future of Quant coin, as a project that can work with governments and financial institutions is one step ahead in regulatory compliance and real-world adoption. Broad blockchain support and flexibility: Quant’s Overledger network currently integrates with many popular blockchain protocols, including Ethereum, Bitcoin, Ripple, Stellar, Polkadot, Hyperledger Fabric, R3 Corda, BNB Chain, and the XDC Network. Once an organization starts using Overledger, connecting to any of these networks requires only a few simple steps. Emerging or custom permissioned networks can also be added to Overledger; for example, Consensys Quorum, Oracle Blockchain, or various central bank digital currency platforms can be integrated into the system. This flexibility ensures the Quant solution’s longevity and easy adaptation to technological advancements. Its lack of dependence on a standard or a single blockchain makes it a neutral interface that embraces all networks. Currently, Quant integrates with the following blockchains: Bitcoin, Ethereum, Ripple, Stellar, EOS, IOTA, R3 Corda, J.P. Morgan Quorum, Avalanche C-Chain, Polygon, and the XDC Network. For the reasons mentioned above, the Quant project holds a unique position in the blockchain world. Beyond being a classic cryptocurrency or smart contract platform, it provides a critical infrastructure layer that connects different platforms. This makes Quant valuable for both current use cases and future scenarios. For example, in the future, there will be a need for inter-blockchain communication in many areas, from interbank money transfers to supply chain tracking, from health data sharing to secure communication between Internet of Things (IoT) devices. Quant Network is already positioned to meet this need and continues to grow its ecosystem. In short, when it comes to the future of Quant coin, we can say that the project's technical robustness and its progress in the corporate world create optimistic expectations.Who is Quant's Founder?So, who owns QNT coin? Quant Network's founder and CEO is Gilbert Verdian. Verdian is a veteran who has held senior positions in cybersecurity and technology for over 20 years. Who is Gilbert Verdian? When we look at the question, highlights of his career include holding critical technology positions in government institutions such as the Prime Minister's Office (Downing Street) and the Treasury in the UK, as well as the NSW Department of Health in Australia. In the private sector, he has held CISO/CTO/CIO positions at global companies such as Mastercard, Vocalink, EY, PwC, BP, and HSBC. Verdian is a visionary who has contributed to the setting of international standards in the blockchain field; he initiated the ISO TC307 Blockchain Standard in 2015 and currently leads ISO's blockchain interoperability working group.Gilbert Verdian's motivation for founding Quant stems from his personal experience connecting disparate networks. As he explains, while working in the healthcare sector, he observed incompatibilities between hospital data and the systems of different institutions and realized that blockchain technology could be used to solve this problem. Verdian, observing the same problem in the finance and public sectors, launched the Quant Network project with the vision of "an interconnected world that empowers everyone." Thanks to Verdian's reputation and connections, Quant quickly secured significant partnerships and earned institutional trust. The company is headquartered in London, where the team led by Verdian continues its operations. In addition to Verdian, the Quant team includes experts in their fields such as CTO Colin Paterson and strategic advisor Dr. Paolo Tasca. These co-founders, who joined Quant in 2017, bring deep technical and academic expertise to the project.In short, the answer to the question of who owns QNT coin is clear: Gilbert Verdian is the mastermind behind the Quant project. His experience, spanning from governments to major banks, has ensured that Quant Network is built on a solid foundation in both technology and business development. Under his leadership, Quant continues to serve as a problem-solving and bridge-building player in the blockchain world.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Quant:What is Quant and what does QNT coin do?: Quant is an interoperability platform that connects different blockchain networks. Thanks to the operating system Overledger, developed by Quant Network, institutions and applications can communicate with multiple blockchains from a single point. In short, Quant enables the transfer of data and value between blockchains, enabling the integration of distributed ledger technologies into the real world.Where is the QNT token used?: QNT is used as a license and access token within Quant Network's ecosystem. Developers and users must pay QNT tokens to connect to the Overledger network, make API calls, or run a multi-chain application. For example, developers pay Overledger license fees with QNT, while mDApp users spend QNT to renew their annual access keys; thus, QNT acts as the key to all services on the Quant platform. How does the Overledger platform work?: Overledger functions as a gateway layer positioned on top of blockchains. Its four-layer architecture (Transaction, Messaging, Filtering, and Application layers) aggregates transactions from different blockchains, converts them into a standard format, and transmits them across networks. This structure allows each blockchain to accept incoming data via Overledger while maintaining its own consensus. Ultimately, Overledger allows developers to create applications across multiple chains with a single API and perform atomic data transfers between these chains – simplifying complex infrastructures and enabling interoperability.Is Quant only suitable for the financial sector?: No, Quant's technology has a wide range of applications beyond the financial sector. Of course, banking, payment systems, and CBDC projects are among Quant's main areas of focus, but it can also be used for data sharing and coordination in sectors such as healthcare, insurance, supply chain, and government services. For example, scenarios such as integrating the registration systems of different hospitals with blockchain in healthcare or tracking data across various networks throughout the supply chain in logistics are all made possible with Quant. Therefore, the Quant Network is suitable not only for finance but also for all sectors requiring data sharing by multiple stakeholders.Can QNT be staked?: While the Quant Network is not a traditional proof-of-stake network, there are QNT holding/locking mechanisms within the ecosystem. For example, in the Overledger network, gateway operators are required to stake (lock) a certain amount of QNT to process transactions. This provides an economic security model that deters malicious activity and functions as a kind of staking system within Quant's multi-chain structure. However, there is currently no staking program available to individual investors to earn returns on the network. As the Quant network becomes more decentralized in the future, general staking may become possible, but currently, QNT staking is primarily performed by institutional network participants.What distinguishes Quant from other blockchain projects?: The most significant difference between Quant and other blockchain projects is that, rather than creating a standalone blockchain, it provides a layered solution that connects all existing blockchains. For example, while many projects strive to develop a single smart contract platform and integrate it with their ecosystem, Quant aims to make them work together, rather than compete with any single platform. Overledger supports a wide range of networks, from Bitcoin to Ethereum, from Hyperledger to Ripple, acting as a universal translator. This approach means Quant solves a broader problem in the tech world: bridging the gap between networks. Furthermore, the Quant ecosystem's enterprise-focused approach, regulatory compliance, and contributions to standards distinguish it from other crypto projects. Consequently, the Quant Network has carved out a unique position as the unifying cornerstone of the blockchain world.For more information about the Quant Network and the technologies that enable inter-blockchain communication, check out our JR Kripto Guide series.
EIGEN Comment and Price Analysis - August 8, 2025 | JrKripto
EIGEN Technical AnalysisThe contracting triangle pattern is clearly evident on the EIGEN chart. The price has moved into the formation’s compression zone, characterized by higher lows and lower highs. This setup signals the potential for a sharp move once a breakout occurs.The current price is at $1.259, and the $1.22-$1.28 range acts as horizontal support. As long as this zone remains intact, the formation remains positive.On the upside, the $1.60 region marks the upper boundary of the formation. A breakout above this level would generate a technical target based on the height of the triangle, potentially bringing the $1.80 and $2.53 levels into focus in the medium term.In a downward breakout scenario, the initial support is $1.09, followed by the $0.969-$0.929 range. A loss of these zones could invalidate the formation. Narrowing Triangle Structure In summary:Price: $1.259Support zone: $1.22 – $1.09Upper band of the triangle: $1.60Targets in case of an upward breakout: $1.80 → $2.53Support in case of a downward breakout: $1.09 → $0.969 → $0.929This analysis does not constitute investment advice. It focuses on support and resistance levels that may present trading opportunities in the short to medium term, depending on market conditions. All trading decisions and risk management remain the sole responsibility of the user. The use of a stop-loss is strongly recommended for all trades mentioned.
LDO Comment and Price Analysis - August 8, 2025 | JrKripto
LDO/USDT Technical AnalysisThe downtrend structure on the LDO chart remains intact. The price has rebounded to the upper boundary of the trend, touching $1.094. This zone, serving as both channel and horizontal resistance, continues to exert selling pressure. The price is currently around $1,099. Current Trends If this area breaks above, the first target range could be the $1,255-$1,318 range. This area has served as strong resistance in the past and will be the next price action area if volume breaks out. Following this zone, the $1,464 and $1,959 levels will be on the agenda.In a potential pullback scenario, the first support range lies between $0.954 and $0.908, a zone where buying interest has emerged in the past. A breakdown below this level could bring the next support areas into focus at $0.780, $0.700, and $0.611, respectively.This analysis does not constitute investment advice. It focuses on support and resistance levels that may present trading opportunities in the short to medium term, depending on market conditions. All trading decisions and risk management remain the sole responsibility of the user. The use of a stop-loss is strongly recommended for all trades mentioned.
TIA Comment and Price Analysis - August 8, 2025 | JrKripto
TIA/USDT Technical AnalysisThe downtrend structure remains dominant on the TIA chart. The price was once again rejected at $2.11, leading to a retreat, and is currently trading around $1.743. This pullback indicates that the recent short-term upward attempt lacked strength.The $1.81–$1.88 range is now serving as resistance. As long as this zone remains unbroken, upward momentum may stay limited. A retest and breakout above this range would bring the $2.11 level back into focus as a critical threshold. A confirmed move above $2.11 could open the way for targets at $2.36–$2.45, followed by $2.78.On the downside, the first support stands at $1.60. A break below this level would make $1.43 and $1.31 the next technically significant areas to watch. Falling Trend Structure Summary:Current price: $1.743Resistance zones:→ $1.81 – $1.88→ $2.11→ $2.36 → $2.45 → $2.78Support zones:→ $1.60→ $1.43→ $1.31This analysis does not constitute investment advice. It focuses on support and resistance levels that may present trading opportunities in the short to medium term, depending on market conditions. All trading decisions and risk management remain the sole responsibility of the user. The use of a stop-loss is strongly recommended for all trades mentioned.
Stablecoin Partnership from Animoca and Standard Chartered
Animoca Brands, Standard Chartered, and HKT Launch Hong Kong's First Licensed StablecoinWeb3 investment giant Animoca Brands has formed a new joint venture called Anchorpoint Financial Limited, along with Standard Chartered Bank (Hong Kong) Limited and Hong Kong Telecom (HKT). The company aims to become one of the first licensed stablecoin companies in Hong Kong under the Stablecoin Regulation, which came into effect on August 1.The joint venture submitted its formal application to the Hong Kong Monetary Authority (HKMA) on August 1, the same day the Stablecoin Regulation came into effect. This move establishes them as the "first movers" among stablecoin companies operating under Hong Kong's new regulatory framework.Pre-regulation Preparation ProcessAnchorpoint has been shaped by the participation of all three companies in the HKMA's stablecoin sandbox program for over a year. During this period, the parties tested how stablecoins could connect traditional finance and the Web3 ecosystem. According to HKMA CEO Eddie Yue, approximately 40 companies could apply for licenses, but fewer than 10 are expected to receive approval.Stablecoins are generally known as crypto assets pegged to fiat currencies like the US dollar. Both regulators and financial institutions worldwide view stablecoins as one of the most critical components of the digital asset ecosystem. Regulation of stablecoins has also accelerated in the US under the GENIUS Act.The Strategic Importance of the Partnership“Stablecoins are one of the strongest use cases in the Web3 space, and we are just at the beginning of widespread adoption on both institutional and retail levels,” said Evan Auyang, Group Chairman of Animoca Brands. Hong Kong’s new regulations pave the way for stablecoin alternatives other than USD to enter the market in the city. This creates new opportunities that could challenge the dollar’s dominance in regional payment and clearing systems.Hong Kong’s Stablecoin Regulation introduces a comprehensive licensing system for the issuance of stablecoins pegged to fiat assets. Under this system, companies are required to:Conduct transparent reserve asset management,Keep client assets segregated,Operate stability mechanisms,Meet redemption requests at par value,Comply with AML (anti-money laundering) standards.The HKMA published its oversight guidelines and AML procedures on July 29. The application deadline for early-stage feedback is August 31, and the deadline for full applications is September 30. It was announced that misleading license statements will be subject to criminal penalties.Hong Kong experienced a notable increase in capital inflows into the digital asset market following the new regulations. In July, at least 10 publicly listed companies raised over US$1.5 billion for blockchain and digital currency projects. During this period, stablecoin-related stocks have gained 65% since the beginning of the year.Tether maintains its leadership with a market capitalization of $164 billion, while USD Coin grew 3.78% to $63.6 billion. Ethena USD saw a record 43.5% increase to $7.6 billion.If Anchorpoint successfully completes the licensing process, it is expected to become one of the first major players in Hong Kong's stablecoin market to be licensed and regulated.
Binance Agrees with BBVA: Customer Assets Can Be Held in Bank
Binance has signed a custody agreement with BBVA, Spain's third-largest bank, to enhance the security of its customers' assets. According to the Financial Times, this partnership allows the crypto exchange to hold its customers' assets in BBVA's custody infrastructure rather than directly on the exchange.Under the agreement, customer funds will remain in U.S. Treasuries held by BBVA. Binance will accept these bonds as margin for users' trades. This ensures that even in the event of a potential exchange-wide crash, the funds will remain securely under BBVA's control. This practice, known as "separation of custody and trading," is widely used in traditional finance but has not yet become standard in the crypto industry.Increased security measures after the FTX collapseThe collapse of the FTX exchange in 2022 caused a significant loss of confidence in the crypto industry, leaving billions of dollars stranded in legal proceedings. Following this incident, regulators and investors became more cautious about the storage of assets on exchanges. Following these pressures, Binance has also taken steps to move its custody services off-exchange. Having added independent custodians such as Sygnum and FlowBank to its system at the beginning of 2024, Binance has now added BBVA to this list.This development demonstrates that Binance is moving away from its previous model of holding user assets in-house and is adopting a strategic shift to mitigate risks. Furthermore, following a record $4.3 billion fine paid in the US last year for anti-money laundering violations, the exchange has accelerated its compliance and transparency efforts.BBVA's crypto attackBBVA has recently been making significant strides in the crypto space. The bank began offering Bitcoin (BTC) and Ethereum (ETH) trading and custody services through its mobile app. It also advised private banking clients to allocate 3% to 7% of their portfolios to cryptocurrencies. BBVA's strong brand recognition could provide additional confidence in Binance, particularly for institutional investors in due diligence processes. This collaboration also demonstrates the growing interest of traditional banking institutions in the crypto sector. The Trump administration's strong support for the sector in the US and the MiCA regulations enacted in the European Union are strengthening the bridges between banks and crypto platforms.Binance's move is part of the increasingly widespread "off-exchange custody" trend in the sector. In recent years, major exchanges such as Deribit, OKX, and Bitget have also developed solutions that offer automated clearing and secure transactions, where assets are held by qualified custodians.The agreement with BBVA is considered a significant step that supports both investor security and the sector's maturation. Minimizing exchange risk, particularly for institutional investors, could pave the way for a broader investor base to adopt crypto assets.Following these developments, the price of Binance's BNB increased by 2 percent.
SEC and Ripple Case Over: XRP Price Rises
The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has officially concluded. The parties have mutually agreed to withdraw their appeals, closing one of the crypto world's most controversial cases. According to a joint waiver filed with the U.S. Court of Appeals for the Second Circuit, each side will bear its own litigation costs and attorney fees.With this development, the July 2023 decision by Judge Analisa Torres in New York federal court will become final. According to the ruling, Ripple's sale of hundreds of millions of dollars in XRP to institutional investors was considered an "unregistered security sale," while retail transactions conducted through exchanges where the investor's identity is unknown were not considered securities.It's time for Ripple to "get back to work"Ripple CEO Brad Garlinghouse announced in June that they would drop the appeal, saying, "We are closing this chapter completely; we are now focusing on what matters most: building the Internet of Value." Ripple's Chief Legal Officer, Stuart Alderoty, posted on social media on August 7th, saying, "Following the Commission's vote today, the SEC and Ripple have officially withdrawn their appeals. The end... and it's time to get back to work." In December 2020, the SEC filed a lawsuit against Ripple Labs and its senior executives, Brad Garlinghouse and Chris Larsen, characterizing the company's XRP sales as an "unregistered securities offering." The litigation centered on cross-appeals, millions of dollars in legal fees, and the debate over whether crypto assets are securities or commodities.Much of the case unfolded under the shadow of the Biden administration's harsh regulatory measures against crypto and then-SEC Chairman Gary Gensler's policy of "regulation by enforcement." A partial ruling in 2023 proved a turning point. The court ruled that the version of XRP sold on exchanges was not a security, while the institutional sales were unregistered. Accordingly, Ripple was ordered to pay a $125 million fine to the SEC. This figure fell well short of the $2 billion requested by the regulator.Following the ruling, the price of XRP surged. Trading at around $3.04 before the news, it quickly gained more than 7 percent to $3.27. The price climbed by 13 percent during the day, reaching $3.37. This put the token at its highest level since July 23rd and 8 percent shy of its all-time high of $3.65, broken on July 18th. This development officially closed the case, which had lasted nearly five years and was symbolic for the future of the crypto industry. Market participants believe the Ripple decision could set a precedent for the legal status of crypto assets in the future.
EDU Comment and Price Analysis August 7, 2025
EDU Technical OutlookAnalyzing the EDU chart on a daily time frame, we see that there is a symmetrical triangle formation. As seen on the chart, price action is stuck between the downtrend line from above and the support line below. We know that such patterns usually end up with strong price movements depending on the direction of the breakout.EDU is currently trading at around $0.1251, but it rebounded from the lower border of the triangle formation at the level $0.1200 just a while ago. The level $0.1286 stands as the first resistance level. In the event of an upward breakout, the level at $0.1338 stands out as the formation's upper border.We should be following the levels at $0.1900 and then $0.2400 if this triangle pattern breaks upward, as these areas overlap with both the areas that have seen sharp reactions in past pricing and the formation's projection targets.We have the support levels at $0.1200 and $0.1136 in case the price breaks downward. Below these levels, it is possible to see a deeper correction. Narrowing Triangle Formation Summary:• Formation: symmetrical triangle on daily time frame• First resistance levels: $0.1286 → $0.1338• Triangle breakout targets: $0.1900 → $0.2400• Support levels: $0.1200 → $0.1136• The direction of the breakout will be decisive for medium-term direction.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ID Comment and Price Analysis August 7, 2025
ID Technical OutlookWhen we analyze the ID chart, we can clearly see that the long-standing descending channel pattern is still active. The price of the coin has tested the upper border of this channel for the fourth time, and again it was rejected from there. ID is currently trading at around $0.1564 in a downtrend.The price could not break the range between the levels at $0.1900 - $0.1984, as this range has served as a very strong resistance previously. Later, the price pulled back to the support level at $0.1664 and then to $0.1487 following the price rejection at the resistance. ID is testing the support currently.We could be talking about the lower border of the descending channel around the level at $0.1343 if ID loses the support level at $0.1487.ID needs to break above the level at $0.1664 and hold above it for an upward recovery. Still, the coin will be trading within the downtrend and there will be sell pressure there. The target of the formation could technically move to the range between the levels at $0.30 - $0.33 if the channel pattern breaks upward. Still, we need to see the price close above the level $0.1984 for this scenario to realize. Falling Channel Structure Summary:• Price: $0.1564, downtrend continues within the channel• Last rejection: $0.1900 - $0.1984• Current support: $0.1487• If this level is broken, next support: $0.1343• Persistence above $0.1664 is needed for an upward recovery• If the channel breaks, target: $0.30 - $0.33These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
What is Hyperliquid (HYPE)?
We've been hearing a lot about "a fully on-chain perpetual DEX" in the crypto world for a while now. Hyperliquid is one of the projects that truly embodies this definition. Launched in 2023, Hyperliquid aims to offer futures (more commonly, perpetual trading) with the speed and practicality we're accustomed to from centralized exchanges (CEX), but this time entirely on-chain. This means transactions are transparent and traceable, and your funds remain in your wallet. You don't have to entrust your assets to an exchange, nor do you have to worry about "do I need to reconfirm the gas fee before canceling this order?"The team behind the project is quite competent. Jeff Yan is the CEO and co-founder of Hyperliquid, a decentralized exchange.One of the key things that distinguishes Hyperliquid from its peers is that it has developed its own layer-1 blockchain. In other words, they built their own infrastructure from scratch, unencumbered by the constraints of Ethereum or any other chain. This allows both the order book and the matching engine to run entirely on-chain. This makes Hyperliquid one of the most up-to-date and clear examples of what a truly on-chain perpetual DEX is.Of course, this introduction is just the beginning. In the rest of this guide, we'll answer all your questions, such as "How does Hyperliquid work?", "What does the HYPE token do?", and "What is the Hyperliquid hype?" step-by-step. We'll also delve into details like what the Hyperliquid coin does, when the HYPE token was released, and the Hyperliquid governance structure. This means we'll both satisfy your technical curiosity and gain a deeper understanding of how the platform became so popular.Hyperliquid's Definition and OriginsHyperliquid is an example of an on-chain derivatives exchange running on its own dedicated layer-1 blockchain infrastructure. The core of the platform is an on-chain order book and matching engine. This way, all buy and sell orders, matching transactions, and liquidations are recorded on the blockchain. What is an on-chain perpetual DEX? To briefly explain, an on-chain perpetual DEX is a decentralized exchange offering perpetual futures services, where all orders and transactions occur on the blockchain. This model ensures transparency and traceability of transactions while offering full control over user funds.The Hyperliquid platform first appeared in 2023. At its launch, many in the industry were surprised by Hyperliquid's speed. It turns out that the Hyperliquid team built the product on a custom Layer-1 blockchain they developed from the very beginning. In other words, instead of relying on an existing blockchain like Ethereum or Solana, they directly created an independent blockchain focused on performance. They used a specialized consensus algorithm called HyperBFT to achieve this. Thanks to this algorithm, block confirmation times are reduced to sub-seconds, and tens of thousands of transactions can be processed per second. In short, Hyperliquid operates on an infrastructure designed from the ground up for high-speed transactions and low latency.Since 2020, the team, which has been running its own market-making strategies in the crypto markets, turned to the DeFi space in the summer of 2022, observing the shortcomings of decentralized exchanges. The technical issues, inefficient designs, and poor user experience they encountered led them to develop Hyperliquid. Ultimately, the idea of a fully on-chain orderbook DEX on a high-performance decentralized L1 platform was realized.This approach provided Hyperliquid with a significant advantage: offering CEX-like speed and ease of use in a decentralized environment. Users can execute their transactions with a single click, as if they were in the Binance interface, without having to confirm them with a wallet like MetaMask. Transparency is ensured as transactions are recorded on the blockchain, while orders are instantly matched thanks to Hyperliquid’s private chain in the background, turning perpetual trading into a seamless experience. Hyperliquid interface and its own "order book" Hyperliquid's History: Key MilestonesDespite its relatively short existence in the crypto world, Hyperliquid has made significant strides and gained significant momentum. Emerging at a time when decentralized derivatives markets were being reshaped, the project surpassed many of its competitors with its technical infrastructure and visionary approach. Several defining events and strategic moves stand out throughout the platform's development that brought it to its current position. These milestones are crucial for understanding both why Hyperliquid has grown so rapidly and for better understanding the vision of the team behind it. Let's examine these developments chronologically:2023: The Hyperliquid platform's mainnet launch took place. The first on-chain perpetual transactions were launched on its own proprietary blockchain.Late 2023: The total asset value locked (TVL) on the platform increased significantly, and community interest rose rapidly. Hyperliquid began to make a name for itself in the DeFi community towards the end of the year. January 2024: The Hyperliquid team officially announced the arrival of the HYPE token, the platform's native token. The community learned the first information about the upcoming airdrop and the token economy during this period.Q2 2024: Details of the airdrop program and governance model for the HYPE token were introduced. Users were given the opportunity to accumulate points as they used the platform and use these points towards future token distribution. This established a large user base even before the token's launch, laying the groundwork for participation in the platform's governance.Mid-2024: The number of listed trading pairs exceeded 150. This metric made Hyperliquid the largest perpetual DEX in the industry. Futures markets opened for many major and minor cryptocurrencies. This diversity attracted both individual and institutional investors, further increasing the platform's volume.November 2024: For those wondering when the HYPE token was released, this date is the answer. The official launch date for the HYPE token is November 28, 2024. On this date, Hyperliquid launched a massive HYPE airdrop, with a total supply of 1 billion HYPE tokens. Early adopters received 31% of the total supply (approximately 310 million HYPE) for free. This airdrop reached 94,000 users, making it one of the most widely participated distributions in crypto history and worth $1.2 billion at current prices. Around the same time, Hyperliquid officially launched its on-chain governance model alongside the token.2025: According to DeFiLlama, the total value locked (TVL) of Hyperliquid's Layer 1 blockchain, HyperEVM, reached almost $2 billion in just five months. According to Dune Analytics, since the end of May, HyperEVM has processed between 200,000 and 400,000 transactions per day. During this period, the number of daily active users (DAU) generally hovered between 15,000 and 20,000. By 2025, the HYPE price is hovering between $35-$40. Why is Hyperliquid Valuable?Key features that distinguish Hyperliquid from its peers and add value to it include:A fully on-chain architectureHyperliquid's entire transaction infrastructure, including the order book and matching engine, runs on the blockchain. This ensures transparent transactions, and user assets are not held by the platform but are secured in your own wallet. Instead of the liquidity pool logic of traditional decentralized exchanges (e.g., AMMs like Uniswap), Hyperliquid offers real-time price discovery using a fully on-chain order book DEX model.Its own dedicated layer-1 infrastructureHyperliquid runs on an independent layer-1 blockchain specifically designed for performance, meaning it is not dependent on another chain or layer-2 solution. Thanks to the customized HyperBFT consensus at the blockchain level and high scalability, it can process tens of thousands (theoretically hundreds of thousands) of transactions per second. Because it is not subject to the constraints of another chain, the platform's development direction is entirely under the control of the team and the community. High transaction speed and low latencyHyperliquid's infrastructure offers speeds comparable to those of a centralized exchange. Block times average around ~0.2 seconds, and transactions are finalized instantly. This means buy and sell orders are matched virtually without delay. During perpetual trading, price slippage is minimal, and thanks to its deep liquidity, market impact remains low even on large transactions. This performance makes Hyperliquid particularly attractive to professional traders pursuing high-frequency trading strategies.HYPE token governance and incentive mechanismHYPE is the native token of the Hyperliquid platform (also known as Hyperliquid coin). This token serves as a governance and incentive tool on the platform. HYPE holders can vote on proposed changes to the protocol, giving them a say in Hyperliquid's future. The HYPE token is also used to pay transaction fees on the network and provides staking opportunities, earning rewards for long-term holders. For example, with the staking program launched at the end of 2024, HYPE holders began earning annual returns of ~2-3%. In short, HYPE is both the administrative and economic fuel of the Hyperliquid ecosystem.Community-Driven and Fair Distribution ModelHyperliquid's development process and token economy are designed to center community interests. The project has not received any venture capital (VC) investment; it was launched entirely self-funded by the team. This allows decisions to be made based on the long-term interests of the community and the project, without external investor pressure. HYPE token distribution is also extremely community-friendly: approximately 76% of the total supply of 1 billion tokens has been allocated directly to the community. The initial genesis airdrop distributed 31% to active users, while the remaining 45% was reserved for future rewards and mining/liquidity incentive programs. The share allocated to the team and foundation does not exceed 24%, and this portion is locked long-term (team tokens are locked until the end of 2025, with a slow release scheduled for 2027-2028). This equitable distribution model ensures that control of the platform and its revenues are largely shared by users and the community. Considering the above points, the answer to the question, "What is the use of Hyperliquid coin?" on many people's minds becomes clear. The HYPE token is a critical tool that gives users a voice in the Hyperliquid ecosystem and incentivizes them to contribute. Thanks to this token, the platform combines decentralized governance with a high-performance trading experience.Who is the Founder of Hyperliquid?Who is the Founder of Hyperliquid? Hyperliquid Labs was founded by Jeff Yan and Iliensinc, two Harvard classmates. This core duo was joined by experienced individuals from prestigious educational institutions and financial giants such as Caltech, MIT, Citadel, and Hudson River Trading. The team boasts a strong profile in terms of technical knowledge, which is clearly reflected in the platform's architecture and performance.Jeff Yan, one of the founders, was also a co-founder of Chameleon Trading, a platform that previously operated in a centralized exchange format. However, the collapse of FTX in 2022 caused a major shakeup in confidence in the industry. Trust in centralized exchanges was severely damaged, and a significant gap emerged in the derivatives market. It was during this period that Jeff Yan and his team set out to develop a new structure based on decentralization. This vision paved the way for the birth of Hyperliquid.From the outset, Hyperliquid Labs chose not to seek funding from external investors, particularly venture capitalists (VCs). This choice allowed the team to remain independent and focus solely on product development, improving the user experience, and providing an efficient infrastructure. In other words, they were driven by technical excellence and the goal of creating solutions that benefit users, not by commercial pressures.Funded by their own resources and opting for direct, community-driven growth, the team holds the platform's future entirely in their own hands.While the founding team initially developed the platform with a centralized structure, they aim to transition to a fully decentralized governance system in the long term. Hyperliquid even stated from the outset that it planned a DAO model. To this end, they established voting and decision-making mechanisms through the HYPE token. As part of Hyperliquid's governance structure, significant protocol changes or updates are put to a community vote. As the project grows, the question "Who owns Hyperliquid?" increasingly becomes a question of "the community." Team members, meanwhile, maintain the protocol's technical development behind the scenes and regularly update the community. They maintain transparent communication through published technical documentation, roadmaps, and development proposals called Hyperliquid Improvement Proposals (HIPs).Frequently Asked Questions (FAQ)Below, you can find frequently asked questions and answers about Hyperliquid:What is Hyperliquid and how does it work?: Hyperliquid is a decentralized perpetual trading exchange operating on a self-developed layer-1 blockchain. All transactions and orders occur on-chain; the platform matches buyer and seller orders using an on-chain order book. This allows users to trade at speeds similar to centralized exchanges, while maintaining full control of their funds and transparently recording the entire process on the blockchain.What does the HYPE token do?: The HYPE token (also called Hyperliquid coin) is the native cryptocurrency of the Hyperliquid ecosystem and serves multiple functions. First, it provides a voice in platform governance: HYPE holders can vote on important decisions and shape the future of the protocol. The HYPE token is also a payment instrument that enables low-fee transactions and offers users the opportunity to earn passive income (rewards) through staking. Who is the founder of Hyperliquid?: Rather than having a single founder, Hyperliquid was founded by an anonymous team of experienced developers. The team members have previously worked at leading institutions in finance and blockchain, such as Citadel Securities, Jane Street, and Offchain Labs. Currently, the management of the platform is gradually being transferred to the community; this means that the ultimate owners of Hyperliquid will be HYPE token holders and the user community.Is Hyperliquid centralized or decentralized?: Hyperliquid aims for a fully decentralized structure. Because all transactions occur on the blockchain, users control their own funds, making the platform non-custodial. While a team operates the network's validators in the early stages, the plan is to add more independent validators over time, and to hand management over to the community through the DAO model. Therefore, while its infrastructure is a private chain, its operating principles and management make Hyperliquid a decentralized exchange. What's the difference between Hyperliquid and GMX or dYdX?: The key difference between Hyperliquid and popular decentralized derivatives exchanges like GMX and dYdX is its infrastructure and liquidity model. GMX operates on networks like Arbitrum and uses the AMM (automated market maker) model; liquidity is pooled and prices are determined by oracles. dYdX, on the other hand, was initially a layer-2 solution with an off-chain order book but is now attempting to increase decentralization by migrating to its own independent chain (based on Cosmos). Hyperliquid, on the other hand, uses a fully on-chain order book and operates on its own high-performance L1 chain. This allows Hyperliquid to optimize where both GMX and dYdX partially compromise: it offers significantly lower latency and deeper order book liquidity compared to GMX, while providing greater transparency and composability (interaction with other DeFi protocols) compared to dYdX thanks to transactions remaining on-chain. In short, Hyperliquid distinguishes itself from its competitors by striking a balance between CEX-level speed and full decentralization. The general differences between Hyperliquid and other DEXs can be illustrated in the following table:FeatureHyperliquidGMXdYdX (v4)InfrastructureCustom Layer-1Arbitrum / AvalancheCosmos AppchainLiquidity ModelOn-chain OrderbookGLP (AMM)Orderbook (Off-chain v3, On-chain v4)Execution SpeedHigh (~0.2 sec)MediumHighOn-Chain SettlementFully on-chainPartially off-chainFully on-chainToken DistributionCommunity-focusedVC-backedVC-backedGovernanceDAO (via HYPE token)DAO (legacy)dYdX DAOWhat is the future of Hyperliquid?: Hyperliquid is a promising project, having quickly become a leading decentralized derivatives market leader. By 2025, the platform's total trading volume will exceed $1 trillion, and its HYPE token market capitalization will reach levels that will place it among the top 20 crypto assets. Experts predict that Hyperliquid will expand its ecosystem with innovations like HyperEVM in the coming period, and developers will build more DeFi applications on the network. Furthermore, as governance mechanisms mature and network validators become decentralized, Hyperliquid could become a fully community-driven protocol. Of course, there are competitive landscapes and technical challenges, but Hyperliquid is well-positioned to address these challenges with both its technology infrastructure and community support. As a result, Hyperliquid is expected to continue to grow as a leading decentralized futures platform in the DeFi space.For more information on Hyperliquid and similar decentralized derivatives protocols, follow our JR Crypto Guide series.
Ripple Sets Eye on a Stablecoin Platform: Acquires $200 Million
Ripple, known for its blockchain-focused financial solutions, is preparing to make a significant acquisition to expand its digital payment infrastructure. The company announced that it will acquire stablecoin-backed payment platform Rail for $200 million. The deal is expected to close in the fourth quarter of 2025.Toronto-based Rail is a payment infrastructure provider backed by investors such as Galaxy Ventures and Accomplice. The company enables businesses to make fast and cost-effective international payments using stablecoins. This acquisition, which follows Ripple's launch of its RLUSD stablecoin, is considered part of the company's growth goals in the stablecoin space.Ripple President Monica Long said, “Stablecoins are becoming a cornerstone of modern finance. With Rail, we aim to further expand the use of stablecoins and blockchain technology in global payments.” Long also emphasized that Ripple already has one of the most widely used digital asset payment networks worldwide.What does Rail offer? With Rail's acquisition of Ripple, the services offered will be quite comprehensive. Thanks to the new system:Users will be able to receive and send payments in multiple currencies, including US dollars, via stablecoins, without having to hold crypto on their balance sheets.Companies will be able to easily manage third-party payments or internal financing flows on the same platform.High liquidity and competitive pricing will be provided for payments made using RLUSD, XRP, and other digital assets.Virtual accounts will allow users to conduct transactions without opening a crypto bank account or centralized exchange wallet.A single API will connect to a 24/7 infrastructure, facilitating integration with financial systems.Ripple's more than 60 financial licenses will provide regulatory-compliant and secure transaction processes.Global coverage will be increased through partnerships with more than 12 banks. Commenting on the acquisition, Rail CEO Bhanu Kohli said, “Over the last four years, Rail has distinguished itself with its ability to process international business payments with stablecoins at the fastest speeds. We share the same vision as Ripple and are excited to bring this innovation to millions of businesses worldwide.” Rail is expected to process more than 10% of global B2B stablecoin payments by 2025.Ripple's Growth StrategyThis move is a continuation of Ripple's active growth and expansion strategy. The company's strategic acquisitions and investments to date have totaled over $3 billion. Ripple aims to ensure regulatory confidence with its payment, custody, and stablecoin solutions for digital assets.Ripple's solutions integrate traditional financial infrastructure with blockchain technology, providing both lower-cost liquidity access and enabling the secure storage of digital assets. The company continues to aim to deliver fast, low-cost, and scalable transactions with products like the XRP Ledger and XRP token. At the time of writing, XRP is trading above $3, up 4 percent
