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What is Gala (GALA)?
The Gala Games platform is an advanced Web3 game ecosystem that combines blockchain development with gaming and entertainment. So what is Gala (GALA) and what is its purpose? In this guide, you will find detailed information about what is GALA coin, the features of the Gala Games platform, what is GALA token used for, Gala's history and appearance, and the founder of Gala. Let's take a look at the innovations offered by Gala, which has an important place among Web3 game projects, along with NFT games and game changes with the play-to-win model.Definition and Origins of GalaWhat is Gala Games? Gala Games is a blockchain-based game platform launched in 2019 by Eric Schiermeyer, a former co-founder of Zynga. The main purpose of the platform is to bring players together with blockchain technology in the gaming and entertainment industry and to give them full ownership rights over their in-game assets. In traditional games, players cannot gain real ownership over the items or characters they win. Gala Games offers a variety of in-game accessories NFT (Non-Fungible Token – unique digital assets) to solve this problem. Thus, players become the real owners of what they earn in the games and can trade, sell or store these assets in their external pooled digital budgets as they wish thanks to in-game NFT hosting. For example, a special sword you win in a game in the Gala ecosystem will belong to you as an NFT. You have the freedom to sell or transfer it to another contagious player. We can summarize the ownership of NFT as follows: The Gala Games platform is building an ecosystem that puts the player community at the center using blockchain infrastructure. GALA coin (or GALA token) is Gala Games' native cryptocurrency and the backbone of the platform. The GALA token serves many functions within the Gala ecosystem: In addition to being a currency used for in-game purchases and payments, it also plays a role in the distribution of rewards to active players and the management of the platform (governance processes). In short, to answer the question of what GALA coin is, it is a cryptocurrency that provides value transfer and incentivizes users in the Gala Games ecosystem. With this structure, Gala Games aims to offer gamers an environment where they can both have fun and be rewarded for their efforts.Gala's History: Important MilestonesGala Games has entered a rapid development process since its establishment and has reached many important milestones in its short history. Here are some of the prominent milestones of the Gala ecosystem:2019-2020: The Gala Games platform was officially announced in 2019 and the company was established. During this period, the team led by Eric Schiermeyer shared the project’s vision with the public and announced that the first game projects were in development. Gala’s emergence coincided with the beginning of a growing interest in blockchain-based games, and Gala Games became one of the early pioneers in this field. In September 2020, Gala Games launched the Founder’s Nodes sale to fund the development of the Gala Games ecosystem. The distribution of GALA tokens was done solely through these node sales, with no pre-sale or initial coin offerings. The first nodes were sold on September 11, 2020, with a maximum of 50,000 nodes available. The price of nodes gradually increased as more were sold. The GALA token was listed on public exchanges in November 2020. 2021: Gala Games’ first game, Town Star, was released. Town Star was a play-to-earn game themed around agriculture and city building. Players earned GALA token rewards by completing daily and weekly tasks and climbing the leaderboards by playing Town Star. 2021 played a critical role in Gala’s name recognition and the formation of its user base. In addition, in 2021, the GALA token was listed on many major centralized exchanges (such as Binance and Coinbase). Thanks to these listings, the GALA coin reached a wider audience of investors and its trading volume increased significantly. 2022: Gala Games continued to announce new projects in different game genres. For example, the arena battle game Spider Tanks was officially launched on October 31, 2022. Several games, such as the RPG-style Mirandus and the sci-fi strategy game Echoes of Empire, entered the development phase or were shared with the community. 2022 was important in terms of Gala token adoption and liquidity, contributing to the growth of the platform in terms of financial infrastructure. 2023-2024: The Gala Games ecosystem has begun to move its success in the gaming sector to other entertainment sectors. During this period, Gala has announced two new projects, Gala Music and Gala Film, which have expanded beyond the gaming world. So, what is Gala Music? Gala Music was officially launched as a blockchain-based music platform on March 28, 2023 as a 'technical launch'. The aim is to offer music content as NFTs, connect artists and fans directly, and create an environment where listeners can earn rewards while consuming music. The Gala Film platform aims to apply a similar approach to the film and series sector. $FILM, Gala Film's official utility and rewards token, entered the markets in late 2024. In addition, between 2023 and 2024, Gala began to implement plans to transition from the Ethereum infrastructure to its own private blockchain (GalaChain). The GalaChain TestNet was launched on July 30, 2023. GalaSwap, which provides token exchange, was launched on GalaChain on February 27, 2024 (later renamed GalaConnect). The platform’s opening to different sectors and the expansion of its user base were also considered a positive sign for the future of GALA coin. An example GalaSwap transaction. Source: Connect.Gala Why is Gala Valuable?As a crypto project, there are several features that make Gala (GALA) unique and valuable. The Gala gaming platform creates an attractive ecosystem for both players and developers, while integrating the advantages of blockchain technology into the world of entertainment. The following items stand out as the main elements that reveal Gala's value:In-game NFT ownershipGala radically changes the gaming experience by offering players NFT-based asset ownership. Since all in-game items are represented as NFTs, players are the real owners of the items they earn. In other words, players gain digital collections with tangible value from the games they work hard for. They can trade or sell these assets at any time on blockchain marketplaces (for example, Gala's own store or platforms like OpenSea). NFT-based ownership attracts serious attention because it allows players to get a return on the games they have spent time and money on for years for the first time. Gala Games has successfully implemented the concept of NFT games, creating a player-centric economy.A decentralized gaming ecosystem Gala Games is building a decentralized platform that decentralizes platform control from a single company or authority to the community. The Gala network is powered by servers called Founder Nodes, which are run by users from all over the world. There are currently over 50,000 node operators contributing to the Gala ecosystem. These node owners contribute to the Gala network by allocating their computing power to help run games and verify transactions. In return, they earn daily GALA token rewards. More importantly, node operators and GALA token owners have a vote on decisions about the future of the platform. For example, topics such as the selection of new games to be added or updates can be put to community votes. Thanks to this governance model, Gala’s ecosystem is shaped by the feedback and requests of its users. Gala Games interface and some games. Source: Games.Gala Incentive mechanism and GALA token economyGALA token, which is at the heart of Gala ecosystem, is designed as an incentive tool for all stakeholders. Players can earn GALA tokens in return for their success by playing games on Gala (i.e. they can earn income with a play-to-win model). For example, those who win in competitions in a game like Town Star are incentivized with GALA rewards. On the other hand, users who run nodes on their computers to support the Gala network also receive regular GALA token income and can even earn special NFT rewards from time to time. Gala is also an attractive platform for game developers; when independent developers publish their games through Gala Games, they can earn income through in-game sales, NFT collections or events. GALA token is the common value that enables this economic cycle within the platform.Gala tokenomics (token economy) model is also focused on long-term sustainability. As of August 2024, GALA token's daily emissions have become dynamic. In this new model, which replaces the previous fixed halving events, the amount of GALA to be distributed each day is determined as 0.25% of the difference between the total supply (Total Supply) and the maximum supply (Max Supply). The new emission program ensures consistent and gradual token distribution. In addition, as a result, market shocks are prevented. Sudden market fluctuations, especially those associated with halving events, are eliminated. In addition, clearer expectations are created for node operators in this system.Gala Music and Gala FilmThe Gala team aims to spread the transparency, ownership and profit opportunities offered by blockchain technology to all areas of the entertainment industry. In line with this vision, Gala has stepped into the music and cinema industries with projects such as Gala Music and Gala Film, as well as games. The Gala Music platform is active in the music industry. Built on the GalaChain blockchain, Gala Music allows artists to have more control over their music and generate direct income from listener interaction. Unlike traditional streaming platforms, it aims to eliminate intermediaries and ensure that artists receive a fair reward for their efforts. GALA and MUSIC tokens are used on the platform. Some tracks on Gala Music. Source: Music.Gala Similarly, the Gala Film platform aims to provide more active participation of viewers and content producers in the process by offering film and series content in a decentralized structure. For example, on Gala Film, users can watch content published on the platform for free, earn various rewards with viewing activities, and support producers by collecting NFTs of their favorite projects. The token called FILM is also used on this platform alongside GALA. Gala Film redefines the streaming experience by allowing users to own pieces of their favorite content through "Moments". These Moments allow fans to be a part of the story and earn their owners rewards such as daily $FILM token allocations. $FILM token holders can directly support film projects by voting on platform decisions, unlock exclusive content, and receive rewards for their active participation on the platform. They even have the opportunity to propose and vote to fund film projects through community consensus and voting. Some content from Gala Film. Source: Film.Gala On March 25, 2025, Gala Film launched the world's first Web3 streaming application on LG Smart TVs by signing a strategic partnership with LG Electronics. This brought Gala Film's platform to millions of households worldwide and introduced the concept of decentralized ownership to a much wider audience.Who is the Founder of Gala?The name behind Gala Games is Eric Schiermeyer, an experienced entrepreneur in the gaming industry. Schiermeyer, the founder of Gala, is also a co-founder of the world-famous social gaming company Zynga. Eric Schiermeyer, who played a role in the success of legendary games such as FarmVille and Mafia Wars at Zynga, brought this experience to the blockchain world and founded Gala Games. Schiermeyer, who launched Gala in 2020, had the vision of creating a gaming ecosystem where players could get more value from games and where they were free from the control of central authorities.Eric Schiermeyer was not alone when he founded Gala Games. A competent team of blockchain experts and game designers worked with him during the development process of the project. For example, the Gala Games team included experienced game developers such as Michael McCarthy and blockchain technology experts such as Wright Thurston. Thanks to this, Gala took shape as a joint product of a team that understands the dynamics of the gaming world and the technical requirements of blockchain technology. The community plays an important role in Gala Games' management and development model. The project, which was initiated under the leadership of Eric Schiermeyer, was later supported by a non-profit organization called the Gala Foundation that looks after the interests of the ecosystem. In addition, the Gala community, consisting of thousands of independent node operators and investors, has a say in the direction of the project. When decisions are made about the future of the Gala ecosystem, feedback and votes from the community are taken into account. As a result, the founder and team of Gala are growing the project by acting together with strong community and foundation support.Frequently Asked Questions (FAQ)Below, you can find some frequently asked questions and answers about GALA:What is Gala, in what field does it operate?: Gala is a blockchain-based Web3 platform operating in the field of games and entertainment. Also known as Gala Games, this platform draws attention especially with its NFT games and play-to-earn model. Gala aims to provide a more fair and profit-oriented experience compared to traditional games by offering players the opportunity to actually own their in-game assets.What is GALA token used for?: GALA token is the native cryptocurrency of the Gala Games ecosystem and has a versatile function. It is used as a payment tool to purchase items in games or access various services within the platform. In addition, GALA tokens are distributed as rewards to active players as they play games, which motivates users. GALA can also be used for governance purposes; token holders can participate in project management by voting on decisions regarding the Gala ecosystem. In short, the GALA token is the basic element that provides both currency, rewards and voting rights on the Gala platform.Who is the founder of Gala Games?: The founder of Gala Games is Eric Schiermeyer. Eric Schiermeyer is an experienced name in the gaming industry, known as one of the founding partners of Zynga, a company that develops popular games on Facebook. Schiermeyer, who brought blockchain technology to the gaming world by founding Gala Games in 2020, is still the leader guiding the vision of the Gala project.How to earn income by playing Gala games?: The games on Gala Games adopt the play-to-earn model. As players complete various tasks or achieve success in tournaments by playing games in the Gala ecosystem, they can earn GALA tokens and rare NFT rewards. For example, players who reach the top in weekly competitions in the Town Star game are rewarded with GALA. These earned tokens and NFTs can be sold on cryptocurrency exchanges or NFT marketplaces if desired by players. Thus, players have the chance to earn income equivalent to the real world from the games they enjoy playing.What are Gala Music and Gala Film?: Gala Music and Gala Film are side projects of the Gala Games ecosystem that focus on the music and cinema sectors outside of games. What is Gala Music? Gala Music is a decentralized music platform that integrates blockchain technology into the music industry. Thanks to this platform, musicians can publish their works as NFTs, protect their copyrights and offer them to listeners, and eliminate intermediaries, achieving a more equitable revenue share. Listeners can earn various rewards while listening to music through Gala Music and directly support their favorite artists. The Gala Film platform applies a similar model to the world of movies and series. While Gala Film offers content to viewers for free, it aims to establish an ecosystem that rewards user interaction and supports content producers. Viewers can earn rewards by interacting with the content they watch on Gala Film, and they can also contribute to projects by collecting special movie/series NFTs offered on the platform. How has Gala’s ecosystem grown over time?: The Gala ecosystem has shown steady and comprehensive growth since its establishment in 2020. Gala Games, which initially set out with a single game (Town Star), quickly began announcing new games with positive feedback from players. In a short time, multiple blockchain games in different genres such as RPG, strategy, and simulation were added to the Gala platform, and the number of active users reached millions. The Gala team did not stop at just games; in the 2021-2022 period, it added collectible digital assets to the ecosystem by launching an NFT avatar collection called VOX. As of 2023, Gala began expanding its ecosystem to non-gaming entertainment areas with the Gala Music and Gala Film projects. These projects expanded Gala’s user base from gamers to music and cinema enthusiasts. There were also significant developments from a technical perspective: Gala Games developed its own blockchain, GalaChain, to optimize its work on the Ethereum network and launched GalaChain in 2024. GalaChain aims to provide a more seamless experience both in games and on platforms like Gala Music/Film by speeding up transactions and reducing costs. As a result of all these steps, the Gala ecosystem has transformed from a single game to a multi-sector Web3 ecosystem in a few years. At this point, Gala Games has evolved into a comprehensive project supported by a strong community and infrastructure, expanding with games, NFT collections, music and film platforms.Don't miss JR Kripto's guide content to follow Gala's transformation in the Web3 gaming and entertainment world.
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8 Jul 2025
Watch Out for July 22: Cryptocurrency Report to be Presented in the US
The US is preparing to take another important step towards its goal of becoming a global leader in cryptocurrencies. The Trump administration is continuing its work on a new “Digital Asset Report” expected to be presented on July 22. This comprehensive report will include recommendations and regulations that will shape US policies on cryptocurrencies.This development comes after US President Donald Trump signed an executive order in January that aims to strengthen America’s position in the crypto industry. The administration’s ultimate goal is to make the US a global hub for cryptocurrencies.Bitcoin reserve on the agenda: Funding can be provided without increasing tax burdenOne of the most striking headlines of the report is America’s plan to create a strategic Bitcoin reserve. According to industry sources, alternative funding methods that will not impose an additional burden on taxpayers are proposed for the financing of this reserve. Although this plan has not yet been finalized, it is expected that the US government’s influence on cryptocurrencies will increase if it is implemented.If this reserve plan is formalized, America’s leadership in the crypto market will be further consolidated and a strong national asset base will be created in the digital economy. A new era may begin in the US's crypto policies.National framework for cryptocurrenciesThe report being prepared is not limited to the Bitcoin reserve. With the proposal of the US Congress, the establishment of a federal digital asset regulatory framework for stablecoins is also on the agenda. In addition, it is suggested that steps be taken to ensure that crypto companies receive equal service from banking institutions such as the Federal Reserve. This approach aims to reduce discrimination against crypto companies in the financial system and provide more equitable access to the sector.Statement from the CFTC Chair: "Crypto roadmap"Caroline Pham, Interim Chair of the US Commodity Futures Trading Commission (CFTC), defined the report in question as a "cryptocurrency roadmap". The report is expected to include new legal and regulatory proposals, as well as the steps taken by federal institutions for digital assets to date. The idea of a national digital asset reserve, announced by Trump in March, will also be one of the focal points of the report.The timing of the proposals to be included in the report is also noteworthy. The Trump administration has declared the week of July 14 as “Crypto Week.” Within this scope, crypto regulation bills will be discussed in the House of Representatives. Experts state that this report can be used as a critical policy tool in Trump’s upcoming election process. In general, we can say that there has been positive news about cryptocurrencies from the US recently. As we have previously reported, two US institutions will hold important hearings on cryptocurrencies on July 9, tomorrow. The House of Representatives will hold a hearing titled “Making America the Crypto Capital of the World: Ensuring Digital Asset Policy Fit for the 21st Century.” The Senate will hold a hearing titled “Building Tomorrow’s Digital Asset Markets.” In particular, providing legal clarity for Bitcoin and altcoins is very valuable for the sector.
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8 Jul 2025
Victory for Tornado Cash: US Government Drops Out of Litigation
The US Treasury Department has withdrawn its appeal in the sanctions case against Ethereum-based privacy tool Tornado Cash. This development is considered a significant turning point for the future of the platform, while Tornado Cash’s local asset TORN also gained around 5 percent in value following the news. However, the platform’s future is still full of uncertainties: Tornado Cash co-founder Roman Storm’s criminal case is ongoing.Sanctions withdrawn, case droppedTornado Cash has been facing legal pressure for a long time. In 2022, the US Treasury Department’s Office of Foreign Assets Control (OFAC) blacklisted the protocol and linked it to North Korea-related cyberattacks. However, OFAC withdrew this decision in March 2025. Subsequently, the government and blockchain advocacy group Coin Center mutually applied to have the case dropped. This application was approved by the appeals court, and the case was officially closed.The main purpose of Coin Center was to prevent the government from imposing sanctions on decentralized software like Tornado Cash on similar grounds in the future. In this regard, the US courts have ruled in favor of Coin Center, limiting the state’s sanctions authority. According to Bloomberg Law, this decision not only lifts existing sanctions, but also prevents Tornado Cash from being targeted again on similar grounds.Roman Storm’s trial continuesThe criminal case against Roman Storm, one of Tornado Cash’s software developers, is still ongoing. The US Department of Justice accuses Storm of money laundering over $1 billion and collaborating with the North Korea-linked Lazarus Group. The trial in the case is set to begin in New York on July 14.Storm’s defense argues that Tornado Cash’s smart contracts operate outside of central control, meaning that developers have no direct influence over transactions. However, a similar argument was ruled invalid in the case of Alexey Pertsev, another Tornado Cash developer in the Netherlands, who was sentenced to 64 months in prison. US courts, on the other hand, are more open to evaluating software development within the scope of freedom of expression.Storm’s case will set a precedent for determining the legal liability of developers in decentralized finance protocols. If convicted on all charges, he could face up to 45 years in prison. The Ethereum Foundation provided $500,000 in defense costs for Storm.The US is shifting its crypto sanctionsWith the lifting of sanctions on Tornado Cash, the US Treasury and Justice Departments have also taken a new direction in crypto policies. The mere development of software is no longer considered sufficient to warrant sanctions or charges. The government says it will focus on direct criminal intent and actions.
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8 Jul 2025
Solana-Based Pump.fun Starts PUMP Token Sale on July 12
Popular Solana-based meme coin platform Pump.fun is preparing for a major public sale for its native asset, the PUMP token. The sale, which is set to begin on July 12, will feature 150 billion PUMP tokens, equivalent to 15% of the total supply, being offered to investors.Each PUMP token will be offered for sale at a price tag of 0.04 USDT. The sales model will be “first come, first served”. In other words, only a minimum investment amount will be required for participants, with no upper limit set.$4 billion valuation expectedPump.fun is expected to raise around $600 million from the token sale. This figure coincides with the project’s previously announced $4 billion valuation target. The platform’s development team is also planning a revenue sharing mechanism specific to the PUMP token. Pump.fun representatives have yet to make a public statement on the matter. However, the news quickly spread in the crypto community after it was announced on social media by user @zoomerfied on X (formerly Twitter).The most successful “meme coin factory” on SolanaPump.fun has become one of the most active and effective meme coin production platforms on Solana since it was launched in early 2024. The system, which allows users to create their own tokens free of charge and effortlessly, has enabled the release of millions of tokens in a short time. While it is stated that the platform earned $ 7 million per day on January 23, 2025, when it peaked, it is stated that the current figures are still around $ 1 million per day. Pump.fun, which has earned a total income of over $ 700 million, stands out as one of the most successful projects in the crypto sector in this respect.Thanks to the zero reserve, zero tax and open price curve model offered by the platform, it provides great convenience for individual creators who want to step into the world of meme coins. This approach both increases accessibility and paves the way for fair competition in the market.Gate.io page suddenly removedIn the meantime, there was an interesting development regarding the subject. Pump.fun’s PUMP token sale was announced on Gate.io, but the sale page was recently quietly removed, replaced with a “404 – Page Not Found” warning. Gate.io support team stated that this was the result of discussions with the project and that it is not yet clear whether the page will be reopened. However, it seems that the plans for the sale are still in place. Before it was removed, there was a countdown for PUMP on the Gate.io page. All eyes are now on July 12.
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8 Jul 2025
XRP Comments and Price Analysis July 7, 2025
XRP Technical AnalysisThe recent situation of the legal process between SEC and Ripple makes XRP investors focus on technical levels. This silent period could come to an end when the price of the coin breaks the symmetrical triangle pattern within which it has been trading for a long time. XRP Narrowing Triangle Formation Looking at the daily chart of XRP, it is clear that the coin has been squeezed within a narrowing triangle formation for almost six months and the price has now tested the upper boundary of this triangle. We can say that a possible breakout at this contact zone is of great importance in terms of determining the next step of the coin. If the price can hold above 2.34 and see a daily closing, then this price momentum could continue. However, XRP may retreat to the lower boundary of the triangle formation again if this possible breakout is not backed up by high buy volume.Support and Resistance LevelsSupport Levels:2.2174$ – Moving Average 502.1114$ – Moving Average 200Resistance Levels:2.3412$ – short-term major horizontal resistance2.9088$ – triangle pattern target and previous major highAlso, XRP price is now holding above MA 50 and MA 200 and this is good news for the future. These two moving averages served as strong support/resistance, especially during May and June.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, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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7 Jul 2025
US to Talk Crypto on July 9: Two Historic Sessions for Investors
The US Congress has turned its course to the cryptocurrency market following President Trump's comprehensive tax and budget package. On Wednesday, July 9, both the House of Representatives' Ways and Means Committee and the Senate's Banking Committee will hold important hearings on cryptocurrencies. On the other hand, "Crypto Week" is approaching. As will be recalled, House Speaker Mike Johnson declared the week of July 14 as "Crypto Week". Within this scope, bills on the structure of digital asset markets and stablecoins will be voted on.Crypto taxation on the tableThe session titled "Making America the Crypto Capital of the World: Ensuring Digital Asset Policy Fit for the 21st Century" to be held by the House of Representatives will attempt to clarify the framework for cryptocurrency tax policies. Although the witness list has not yet been shared with the public, it is expected that important topics that directly concern investors and developers will be discussed in the session. In particular, the taxation and declaration procedures of leading assets such as Bitcoin and Ethereum and stablecoins will be the subject of discussion.Sector giants to speak in the SenateThe Senate session titled “Building Tomorrow’s Digital Asset Markets” will be attended by familiar names from the sector. Blockchain Association CEO Summer Mersinger, Chainalysis CEO Jonathan Levin, Paradigm partner Dan Robinson and Ripple CEO Brad Garlinghouse will answer questions from Senate members. The Senate will address liquidity systems, custody solutions and the reserve structure of stablecoins in this session. It is aimed to clarify regulatory uncertainties that may especially interest institutional investors.CLARITY and GENIUS laws to be voted onBeyond July 9, July 14 is also eagerly awaited in the crypto field. Because on this date, two important bills will be voted on in the House of Representatives as part of Crypto Week: CLARITY Act and GENIUS Act. The CLARITY Act aims to determine which crypto assets are subject to which regulator by making a clear division of duties between the SEC and CFTC. This law could pave the way for large banks and institutional investors to enter the crypto market more strongly.The GENIUS Act provides a legal framework for stablecoins. This law, which passed the Senate in June, introduces regulations regarding the issuance and trading of stablecoins. If the bill is approved by the House of Representatives, banks, fintech companies and large retailers will be able to start offering stablecoin services. However, the fact that the bill was submitted to a direct vote by skipping the committee stages has drawn criticism from some segments.Although both bills initially received bipartisan support, they later faced serious objections from Democrats. The main reason for this was Trump and his family's close ties to various crypto projects and stablecoin initiatives. Democrats proposed amendments that would prohibit presidential candidates from making private crypto investments. However, these proposals were rejected by the committees, which are mostly Republicans.
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7 Jul 2025
What is DeXe (DEXE)?
DeXe is a comprehensive platform that allows users to establish their own decentralized autonomous organizations (DAOs), transparently manage community funds, and make collective decisions on the blockchain. Also known as a “social investment protocol,” DeXe has created a community-focused DeFi platform by allowing successful crypto investors to automatically copy their trading strategies to other users. In this way, it facilitates portfolio management and brings transparency to transaction processes, while the ecosystem’s native token, DEXE coin, plays a key role in the governance of the system. But of course, there is much more to it than this definition. Although the DeXe protocol started working on the Ethereum network, it has multi-chain support by design. The main purpose of the platform is to strengthen community-focused and decentralized decision-making processes in the DeFi space. To achieve this, DeXe combines the power of smart contracts running in the background with a user-friendly interface. Even users without technical knowledge can quickly create and manage their own DAO structures and make their decisions with on-chain voting thanks to DeXe. In this article, we will take a step-by-step look at how the DeXe protocol came about, its development process, why it is valuable, and the DeXe governance structure.Definition and Origins of DeXeDeXe is, in its simplest terms, a DeFi protocol that simplifies the process of establishing and managing a DAO. The protocol first emerged in 2020 and is part of the growing social trading (social investment) trend in the industry at the time it was born. Initially introduced as the DeXe Network, the project has gained fame as a decentralized social trading platform that makes it possible to automatically copy the transactions of successful cryptocurrency traders. In this way, a transparent and mutually beneficial environment was created between experienced investors and users who wanted to follow them. In essence, DeXe offered a collective investment experience by connecting user wallets and transactions through smart contracts without the need for a trusted third party.The purpose of the DeXe protocol is to increase transparency and efficiency in crypto asset management. The project aimed to eliminate intermediaries in portfolio management using blockchain technology and to provide users with an accountable, trackable investment environment. In short, the answer to the question of what is DeXe coin can be summarized as the governance token of the DeXe protocol. DEXE token holders have a say in the future of the platform and DEXE coin and can vote on updates or changes to the protocol. Although DeXe was launched on the Ethereum network, it was designed to be compatible with different blockchains over time. It has the potential to work on multiple networks thanks to its use of an infrastructure compatible with EVM (Ethereum Virtual Machine). Thus, DeXe aims to benefit from the security of Ethereum while also offering the speed and low cost advantages of other chains to the community. In terms of the establishment of the project and the developer team, DeXe set out with a vision of decentralization. DeXe Network was founded by a team consisting of names such as Ukrainian entrepreneur Dmytro Kotliarov and Yuriy Hotoviy, CEO of Billtrade. Based on his experiences in the cryptocurrency market, Kotliarov realized that there was a need for decentralized and transparent asset management tools and laid the foundations of DeXe in this direction. During the founding process, the team consisted of experienced developers in the field of blockchain and DeFi.DeXe History: Important MilestonesDespite its short history, DeXe has become a rapidly developing and constantly updating project. Here are the important milestones that the DeXe protocol has passed since its inception:2020: The project was officially launched and the DEXE token was released. The year 2020 was a starting point for DeXe. Following the token sale and listings in September 2020, the DEXE coin began trading on exchanges. The DeXe protocol initially launched on Ethereum and announced its vision as a “social investment platform.” Throughout the year, the project focused on developing core features related to blockchain-based portfolio management.2021: DeXe Protocol v1 was released, and the platform's first products were introduced to users. During this period, DeXe introduced innovative tools such as wallet-to-wallet copy trading. Thanks to the “Wallet Copy” feature, any user's transactions in their Ethereum wallet could be automatically tracked by another user. This enabled DeXe to contribute to the emergence of a new generation of social traders and took a significant step toward creating a democratic investment environment in the crypto world. 2021 also marked the beginning of DeXe's ecosystem expansion: The project team not only provided the community with free tools but also entered into collaborations with DeFi-focused side projects (e.g., the bot-blocking service 111PG and the trading terminal Kattana).2022: A year of transformation and expansion for the DeXe protocol. In 2022, the project began to evolve the experience it gained from its social trading roots toward the development and popularization of DAO tools. In this context, a series of tools and features were released that allow users to create their own DAOs without getting bogged down in technical details. For example, the DAO creation studio and governance modules operating under the DeXe protocol were launched during this period. Now, a community could create its DAO, issue its own token, and set voting rules with just a few clicks using the ready-made smart contract templates provided by DeXe. This year signaled that DeXe is not just an investment copying platform but also a comprehensive DAO creation and management protocol. From the community’s perspective, 2022 began to be referred to as DeXe’s “breakout year,” as the project team grew its user base by organizing events that increased community engagement, award-winning competitions, and programs that encouraged governance experiences. 2023: With updates made at the protocol layer, improvements such as multi-signature (multi-sig) wallet integration, advanced analytics dashboards, and a mobile-friendly interface were added to the DeXe dApp. In 2023, DeXe also entered into significant partnerships with other projects and protocols in the industry. For example, integrations and partnerships were established between DeXe and various DeFi platforms (the sharing of a common vision with projects such as SwissBorg was notable during this period). As a result, DeXe's ecosystem expanded, and the cross-chain management of community funds and interaction with different platforms became possible. Another important development in 2023 was the further growth of the DeXe community and the increase in the number of users participating in protocol management. Thousands of DEXE token holders were now participating in the project through different networks and voting in governance processes. 2024: The expansion of the governance infrastructure and the evolution of the project began. As of 2024, DeXe further developed the tools it offers to DAO founders and introduced advanced governance features. In this context, new concepts such as meritocracy-focused voting systems, delegation mechanisms, and reward distributions began to be implemented in the protocol. DEXE token holders could now delegate their votes to experts they trusted, allowing individuals with high levels of knowledge to play a more active role in decision-making processes on behalf of the community. In addition, incentive features such as reward distribution from the protocol treasury to those participating in on-chain governance voting were added. DeXe Protocol's smart contract library has grown to over 50, supporting a wide variety of scenarios. In 2024, the DeXe community reached a decisive position in decisions about the protocol's future. The project's association, the DeXe Protocol Association, established in Switzerland, acted entirely in accordance with the decisions made by the DAO, even while taking the necessary legal steps. DeXe's development roadmap is now largely shaped by community votes, and the core team has evolved into a position of implementing these decisions. The future of DeXe coin has also come to be determined by the community in parallel with this governance model. 2025: The DeXe DAO system reached a significant milestone by launching a multi-chain staking program on BNB Chain and Ethereum networks, totaling $8.5 million, as of January 14, 2025. The program introduced Staking Governance, which allows users to lock their tokens for different maturities (1, 3, 6, 12, and 24 months) to earn rewards while maintaining active governance power. This means users can continue to participate in on-chain voting with their staked DEXE tokens. A total of 526,250 DEXE tokens were allocated under the program; 500,000 of these were allocated to pools on BNB Chain and 26,250 to Ethereum pools. The smart contracts were audited by AmbiSafe. DeXe's current roadmap. Source: DexeNetwork/X Why is DeXe Valuable?For a DeFi project to be successful, it must be innovative and provide users with significant benefits and solutions. So, what are the features that make the DeXe protocol valuable? Here are DeXe's key advantages and the opportunities it offers:Easy DAO setupPerhaps the most valuable aspect of the DeXe protocol is that it makes the DAO creation process extremely simple. Traditionally, those who want to create a DAO need developers who can write smart contracts, lengthy preparation stages, and serious technical knowledge. DeXe changes this completely. Thanks to the DAO Studio interface on the platform, any user can create their own DAO structure with just a few clicks. No coding is required, and there’s no need to delve into complex technical details. For example, when you want to create a DAO with DeXe, a wizard guides you through the process step by step: you enter your DAO’s name, select parameters such as the quorum threshold and voting period, and if you want to issue your own token, you can do so with just a few clicks through the interface. All these processes are offered as a “no-code” experience. Thus, entrepreneurs, community leaders, or any group of people can launch a DAO without dealing with technical obstacles to bring their ideas to life. DeXe’s streamlined approach provides a practical answer to the question, “How do you set up a DAO?” Indeed, DeXe has reduced the process of setting up a decentralized organization to a matter of minutes (some users even report launching a DAO in under an hour using DeXe).Integrated voting systemThe DeXe protocol was designed with governance at its core from the very beginning. Decision-making processes within the platform are carried out entirely through on-chain voting mechanisms. What does this mean? When community members (i.e., DEXE token holders) vote on any proposal or decision, these votes are directly recorded and counted on the blockchain. The results are immutable, transparent, and publicly viewable. This fully realizes the decentralized decision-making process. DeXe also prioritized security when designing the voting system: Each DAO has smart contracts that manage its own treasury and can use a multi-signature wallet structure to control this treasury. A multi-signature wallet (multisig wallet) is a security model that requires multiple approvals for a transaction to take place. For example, if funds are to be withdrawn from a DAO treasury, and the digital signatures (approvals) of multiple designated administrators or board members are required, this is a multisig structure. By integrating this feature, the DeXe protocol ensures the secure management of community funds. This prevents a malicious actor from draining the treasury alone; decisions are implemented collectively. In summary, in DAOs established with DeXe, both voting is conducted transparently on the blockchain and fund management is secured through multi-signature approval mechanisms. DeXe Protocol DAO interface. Source: App.Dexe.io Modular and expandable infrastructureAnother element that increases the value of DeXe is the modular structure and flexibility it provides for developers and advanced users. The tools offered within the protocol can actually be thought of as a library. Because more than 50 smart contracts are ready to be used in different combinations. These contracts have various functions such as DAO creation, governance, treasury management, token sale (launchpad), delegation, and consul (advisory board). A developer or a community with special needs can build their own unique DAO structure by bringing together these modular parts of DeXe. For example, do you want a governance model different from the standard voting weight model? With components such as Consuls Contract and Delegation Contract in DeXe, you can establish a system based on meritocracy and giving more say to experts. Or will you have special rules in treasury management? With Treasury Contract, you can determine fund storage, locking and distribution rules. Thanks to this modularity, DeXe offers a flexible infrastructure that can meet the needs of communities of all sizes. Moreover, the fact that these smart contracts are open source is important in terms of gaining the trust of the community. It should be noted that the codes are open to independent auditing, and anyone who wants to can conduct security audits. From a developer perspective, DeXe is like a “DAO operating system”; it provides the basic services for you to build the applications you want on it. Different smart contracts on DeXe. DeXe also offers subgraph support so that developers and data analysts can easily access DAO data. This feature, which is explained in detail in its official documentation, allows DAO on-chain data to be queried quickly and structured via The Graph protocol. This provides developers with practical advantages in many areas, such as analyzing user behavior, tracking voting activities, or visualizing community interactions. DeXe architecture. Source: Docs.dexe Fair governance for communitiesThe ultimate goal of the DeXe protocol was to build a community-focused DeFi platform, and in line with this goal, every component of the system was designed according to the principles of transparency and fairness. Since all steps in the governance processes can be tracked on the blockchain, community members can clearly see the accounts of decisions made and expenses made. For example, when a development proposal is put to vote, information such as who voted, the total number of votes, and whether the proposal passed or not is recorded on the chain. In addition, DeXe aims to ensure fairness by adding innovative applications to its governance model. One of these is the reputation system: Models are being worked on that affect the voting power of members not only according to the amount of tokens held, but also according to the contributions made to the community. Thus, the perception that only "those with a lot of money have their say" in DAOs can be destroyed, and a system can be established where members who really work and contribute can have a say. DeXe's reward and incentive mechanisms are also valuable for the community. The platform can give DEXE token rewards to members who participate in governance votes or submit suggestions in order to reward active participation. The Power Between DeFi and DAOTo understand the value of DeXe, it is necessary to look at its positioning. The project is at the intersection of DeFi + DAO. In other words, while it deals with the basic elements of decentralized finance (asset management, staking, trading tools), on the one hand, it blends their management with a decentralized organizational structure. This dual nature gives DeXe a unique advantage. For example, when you create an investment pool with DeXe and want to earn returns, you can also make decisions on how to manage this pool together with DAO members. This means adding community control to decentralized finance transactions, which is a revolutionary approach in the world of finance. The DeXe protocol combines the financial freedom brought by DeFi with the democratic governance brought by DAOs, offering its users a fully autonomous and accountable platform. In addition, the concept of social investment protocols is also included in DeXe's scope; that is, an ecosystem has been created where users not only use a protocol, but also interact with each other and make collective investments. In this respect, DeXe is a representative of the “community-led finance” movement, one of the most exciting trends emerging in the crypto world. The protocol is in a strong position in this field with both its technical infrastructure and philosophy, and is a candidate to pioneer innovations that may emerge in the DeFi-DAO intersection in the future.Who is the Founder of DeXe?DeXe Network was co-founded by Ukrainian entrepreneurs Yuriy Hotoviy and Dmytro Kotliarov. Yuriy Hotoviy also serves as the CEO of Billtrade; he takes an active role in both DeXe's financial strategies and product development process. Dmytro Kotliarov, on the other hand, entered the sector with mining in 2016 and started working with this partnership to develop DeXe Network after observing crypto volatility.The duo laid the foundations of the project firmly by combining their different areas of expertise. However, as the project progressed, DeXe began to adopt a completely community-oriented governance model instead of a single leader. Decision-making is driven by user participation, and this is done through the DeXe DAO. So while the founding team still contributes, the real power now lies with the collective will of the DAO.Frequently Asked Questions (FAQ)Below, you can find answers to some frequently asked questions about DeXe:What is DeXe and what is its purpose?: DeXe is a protocol that makes it easier for users to establish and manage DAOs in the decentralized finance (DeFi) space. Born in 2020 as a social investment platform, it has focused on DAO infrastructures over time. It enables community management and decision-making processes to be carried out on the blockchain without the need for technical knowledge. Its aim is to provide a transparent and participatory governance experience.What does DEXE token do?: The DEXE token is the governance token of the protocol. Its owners have a say in the future of the platform by voting on proposals. It also has functions such as staking, DAO treasury management and special access. It works as an asset that produces value within the ecosystem.How to set up a DAO with DeXe?: With DeXe's interface, users can create a DAO in minutes without the need for technical knowledge. The DAO name, governance rules and token settings can be easily determined. The multi-signature wallet and voting system are then automatically integrated. The process is fast and user-friendly.How are on-chain votes performed?: When a proposal is submitted, token holders vote on the blockchain. Votes are recorded and concluded automatically in a completely transparent manner. The process can be completed in a few clicks thanks to the user interface. Decisions are implemented through smart contracts.What networks does DeXe work on?: DeXe is actively running on the Ethereum network. Since it is EVM compatible, it can be integrated with many blockchains. This allows users to set up DAOs on their preferred networks.What is the level of decentralization of the project?: DeXe is a highly decentralized project that has delegated its governance to the community. Decisions are made by the DeXe DAO through on-chain votes. Treasury management is done with multi-signature wallets and the protocol is open source. It has a community-focused structure.If you are planning to invest in DAO infrastructures or create your own community platform, check out JR Kripto's DeXe guide.
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7 Jul 2025
A New Era for Ethereum: Buterin Proposes EIP-7983
Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter have submitted an important proposal for the Ethereum network: EIP-7983. This new Ethereum Improvement Proposal (EIP) aims to limit the maximum amount of gas that a single transaction can use to 16,777,216 (2²⁴). The primary goal of the proposal is to enhance network security, prevent denial-of-service (DoS) attacks, and strengthen overall network stability.New proposal for Ethereum network securityIn the Ethereum network, “gas” is a unit of measurement that represents the computational power required to execute a transaction. Just as cars run on fuel, transactions on Ethereum also run on “gas.” Users pay gas to execute smart contracts, transfer tokens, or perform transactions in decentralized applications. The amount of gas varies depending on how complex a transaction is; transactions that require more computational power consume more gas. Therefore, gas limits and fees on the Ethereum network are an important factor that directly affects both transaction costs and network security. Currently, a single transaction on Ethereum can consume the entire gas limit of a block. This situation allows malicious actors to send transactions large enough to slow down or even halt the system. With EIP-7983, this risk is greatly reduced. According to the proposal, transactions that exceed the gas limit will be directly rejected during the block validation process. This limit aims to increase transaction efficiency as well as security. Ensuring a more consistent transaction distribution on the Ethereum network will have a positive impact on network performance.A new step toward scalability with zkVM compatibilityAnother important benefit of the gas limit is that it increases compatibility with virtual machines based on zero-knowledge proofs, or zkVMs. zkVMs play a critical role in Ethereum's future scaling solutions. However, they can struggle to execute large transactions in parallel. Therefore, dividing transactions into smaller pieces supports the zkVM architecture and provides a more modular structure to the overall network design.The 16.77 million gas limit is not a randomly chosen number. Developers note that this value is high enough to support both today's common DeFi transactions and smart contract deployments, while also providing the necessary limits for network stability. Additionally, it is stated that the vast majority of current transactions remain well below this limit. Thus, the proposal will affect very few users or developers in practice.Of course, this change does not offer backward compatibility. In other words, if the proposal is implemented, transactions sent previously that exceed this limit will no longer be valid. However, developers argue that such edge cases are rare and will not cause a major problem in the system.EIP-7983 appears to be part of Vitalik Buterin's long-standing plan to “make Ethereum simpler and more modular.” The proposal is currently in draft form and open for review by the Ethereum community.
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7 Jul 2025
What is Bittensor (TAO)?
Bittensor (TAO) is an innovative blockchain project focused on decentralized artificial intelligence. In short, it can be defined as an open-source AI network created for training and sharing artificial intelligence models on the Web3 infrastructure. “TAO” is the native cryptocurrency of the Bittensor network. In response to the question, “What is the TAO coin?”, we can say that this token is at the center of the network's reward and governance mechanisms. Bittensor's vision is to remove artificial intelligence from the monopoly of large centralized companies and open it up to the contributions of the global community, creating a fair digital marketplace through artificial intelligence blockchain integration. In this guide, we will discuss the emergence of Bittensor, its history, how it works, and the details of the Bittensor project with an explanation of the TAO token.Definition and Origins of BittensorBittensor was launched in 2021 by the Opentensor Foundation team as a decentralized artificial intelligence network. The project's primary goal is to combine Web3 technology with artificial intelligence to enable participants worldwide to develop and share machine learning models. In this network, each participant contributes their artificial intelligence model or knowledge to the network and gains the opportunity to earn TAO tokens in return. Bittensor's emergence stemmed from the need for decentralization in the training and use of artificial intelligence models.How does Bittensor work? In summary, there are two types of nodes within the network: miners and validators. Miner nodes run AI models that perform specific artificial intelligence tasks (such as text generation, image recognition, or data processing). Validator nodes evaluate the results produced by miners and perform quality control. Through this interactive system, the Bittensor network creates a continuously learning and evolving artificial intelligence ecosystem while establishing a mechanism that fairly rewards everyone who contributes.One of Bittensor's visionary approaches is the goal of bringing Web3 and artificial intelligence together. The project enables the sharing of artificial intelligence models in an open market through smart contracts and cryptographic security on the blockchain. This approach provides an infrastructure that encourages information sharing and collective learning. This vision was detailed in the Bittensor white paper (technical document) published in 2021, laying the foundations for the concept of a decentralized AI network. In the same year, TAO, the native token of the Bittensor network, was introduced with a fair distribution model. TAO emerged as a token produced entirely through machine learning studies conducted on the network, without any pre-mining or private sales.To briefly answer the question of what is TAO coin, TAO is a cryptocurrency that serves as both a reward token and an access key on the Bittensor network. Thus, miners and validators earn TAO in exchange for their contributions, while users who hold TAO gain the right to use the network and access its services. The TAO token forms the economic foundation of the Bittensor ecosystem and is designed to increase in value over time as the “intelligence accumulation” of artificial intelligence within the network grows.History of Bittensor: Important MilestonesDespite its short history, the Bittensor project has shown rapid growth. The Bittensor project officially began in 2021. The project's technical document (white paper) was published, and the first network prototype was released. The Opentensor Foundation team introduced the TAO token as the local cryptocurrency to be integrated into the artificial intelligence network. In January 2021, the first Bittensor network was launched under the code name “Kusanagi,” and miners and validators began working on this network. However, due to consensus issues that arose in the early stages, this first version was discontinued shortly thereafter. Then, in November 2021, the network was relaunched with various improvements under the code name “Nakamoto,” officially marking the launch of Bittensor's main network.The year 2022 stood out as a period of maturation for the Bittensor network. As the network's development process continued, the idea of decentralized artificial intelligence began to attract more attention within the crypto community. Throughout the year, significant increases were observed in both the number of users joining the network and community engagement. TAO token production continued solely through in-network rewards and was still traded in limited quantities on external markets.2023 was a major turning point for Bittensor. In January, the “Finney” test network was launched, where subnet structures and delegation (staking) mechanisms were tested. In March 2023, the main network was upgraded to the Finney version, enabling performance improvements and higher scalability. In October, subnets were officially integrated into the main network, allowing users to create their own subnets with incentive structures focused on specific AI tasks. In the same year, the TAO token began listing on centralized exchanges. In March, MEXC became one of the first exchanges to list TAO, and later platforms like KuCoin also opened TAO trading. These developments enabled TAO to reach a broader investor base. Bittensor’s subnet process. Source: Learnbittensor In 2024, the Bittensor network showed significant growth and began to gain more mainstream adoption. Over 50 active subnetworks were formed on the network, focusing on different AI tasks such as text generation, image creation, data mining, and music production. As of December 2024, there were 250 validators managed by 173 different users and a total of 11,856 miner nodes belonging to over 2,700 users active on the network. The TAO token began trading on larger exchanges this year and gained significant liquidity and visibility thanks to its listing on Binance in April 2024. With all these developments, Bittensor has emerged as a leading AI-focused crypto project both technologically and economically.Why is Bittensor Valuable?The Bittensor project is attracting interest from both tech enthusiasts and crypto investors. So why is Bittensor valuable? Here are the key factors that make the project unique:Decentralized and fair reward mechanismThe Bittensor network offers a decentralized reward system to incentivize AI model training and services. Unlike traditional centralized AI platforms, every node contributing to Bittensor earns rewards proportional to its contribution. In other words, the more valuable work you do on the network, the more TAO tokens you are rewarded with. This mechanism creates a fair competitive and collaborative environment among participants. The answer to the question “How does Bittensor work?” lies in this reward system: Miners focus on producing useful responses, while validators select the best contributions; ultimately, the entire network benefits.TAO token incentives, halving, and economic modelBittensor's native cryptocurrency, TAO, is both the network's reward and governance token. Miners and validators earn TAO for their work, while subnetwork founders are also rewarded with TAO at certain rates if they successfully operate a network. The TAO token is designed to have a maximum supply of 21 million and is continuously issued at a rate of 1 TAO per block every 12 seconds; approximately every 4 years, this issuance amount is halved (similar to Bitcoin’s “halving”). This allows for high rewards to be distributed in the early stages to grow the network, while gradually slowing down the supply increase over time to preserve the token's scarcity and value. TAO's economic model is entirely transparent and community-focused: there is no pre-mining, private sales, or team-allocated tokens; all tokens are earned by those contributing to the network. This simple and fair tokenomics structure is a key factor in building investor confidence. Bittensor's halving plan. The 6th halving is expected to occur in 2045. Source: Bittensor/Blog An open network based on information sharingAnother aspect that makes Bittensor valuable is that it creates an ecosystem where artificial intelligence models and knowledge are openly shared. Each participating node contributes its own model or data to the network, thereby expanding the collective intelligence pool. As a result, the network becomes a collective artificial intelligence marketplace that is not controlled by a single central authority. For example, when a user asks a question or submits a task to the Bittensor network, miners capable of generating the best response are activated; validators evaluate these responses, and high-quality answers are rewarded with TAO. This cycle creates an environment where everyone can contribute to knowledge and receive compensation in return. As a result, Bittensor truly embodies the concept of an “open-source AI network.” The code is open, data and models (within certain limits) can be shared, and everyone can contribute to improving the network.The convergence of Web3 and AIBittensor uniquely combines Web3 and artificial intelligence in the crypto world. It applies the blockchain innovations we see in decentralized finance (DeFi) or NFT areas to the field of artificial intelligence. In this regard, Bittensor is considered one of the pioneers of the growing AI-crypto intersection. By integrating AI models into the blockchain, it lays the groundwork for the emerging trend of “tokenizing AI productivity” in the future. Currently, Bittensor has become one of the largest AI-focused crypto projects in terms of market cap, and the “Bittensor coin future” is seen as bright by many investors. Of course, this expectation will depend on the project successfully achieving its technological goals. However, considering the potential at the intersection of AI and blockchain, Bittensor is considered to appeal to a large market in the long term. The diagram above clearly shows the general architecture of the Bittensor network. At the top is the Application Layer, where external users access AI services on the subnets. In the middle are the subnets, referred to as the Execution Layer. Each subnet is specifically designed for a particular AI task; miners (yellow) run the relevant model within the subnet, while validators (green) evaluate the miners' output. Subnet owners (creators) determine the incentive mechanism and rules. TAO rewards generated within a subnet are typically distributed as follows: 41% to miners, 41% to validators, and 18% to the subnet owner. The Root Subnet (Subnet-0), to which all subnets are connected, acts as a Funding Layer in the upper layer; here, 64 validators comparatively evaluate the performance of the subnets and determine how much TAO emission will be allocated to each subnet using the Yuma consensus algorithm. At the bottom is the Blockchain Layer (Subtensor chain), which is a Polkadot Substrate-based private blockchain that records all transactions and issues TAO tokens.Who is the Founder of Bittensor?The Bittensor project was developed by a team called the Opentensor Foundation. The names behind the project have been transparently shared with the public. The co-founders of Bittensor are Jacob Robert Steeves, a former Google engineer, and Dr. Ala Shaabana, a researcher specializing in machine learning. Founded in 2019, the Opentensor Foundation officially launched the Bittensor network in 2021, turning its Web3-based artificial intelligence vision into reality.The founding team consists of experienced names in the fields of blockchain and artificial intelligence. Jacob Steeves, who gained engineering experience at Google and saw the limitations of centralized systems, leads Bittensor. Ala Shaabana is a scientist who has conducted academic research on machine learning and strengthens the AI side of the project. It is known that there are more than 30 team members within the Opentensor Foundation, and the vast majority of them are focused on engineering and research.Since Bittensor is an open-source project, it is open to contributions from the global community outside of the founding team. The project's code on GitHub can be reviewed and developed by anyone. This community-focused approach reflects the founders' vision of “digital public benefit.” In other words, Bittensor is seen as a platform that aims to be a shared value for global internet users rather than a product belonging to a few founders or companies. The founders' goal is to make artificial intelligence an infrastructure that everyone can access and contribute to, much like open internet standards. In this regard, project management is based on transparent management principles. As mentioned above, important decisions and updates are shared with the community for discussion, and token holders can participate in governance processes.Frequently Asked Questions (FAQ)Below, you can find frequently asked questions about Bittensor:What is Bittensor and what is its purpose?: Bittensor is a decentralized artificial intelligence network developed for training and sharing artificial intelligence models on an open platform. The main goal of the project is to create a blockchain-based AI marketplace as an alternative to closed AI systems controlled by large technology companies. This allows independent developers or small teams to offer their models on a global network and earn rewards, while users can benefit from this collective intelligence. Bittensor was launched in 2021 by the Opentensor Foundation and aims to bring innovation to AI with a Web3 approach.How does the TAO token work, and how can it be earned? The TAO token is the native cryptocurrency of the Bittensor network and serves for rewards and governance within the network. The primary way to earn TAO is by contributing to the network as a miner or validator node. As a miner (running an AI model), if you complete specific tasks in subnets and produce high-quality results, you receive a share of the TAO rewards generated per block. Similarly, as a validator, you can earn TAO rewards by evaluating miners' work and selecting the best ones. A total of 1 TAO is minted with each block produced, and this reward is distributed among miners and validators in the system (e.g., 50/50). Thanks to Bittensor's Proof of Intelligence consensus mechanism, token distribution is based on the information value provided by the models. TAO tokens can also be earned through staking: by delegating (staking) your TAO tokens to trusted validators on the network, you can receive a share of the rewards they earn. The total supply of TAO tokens is limited to 21 million, and the reward issuance rate is halved approximately every 4 years.Is the Bittensor network secure? The Bittensor network ensures security through blockchain technology and innovative consensus mechanisms. The Subtensor blockchain, which forms the foundation of the network, is an independent layer-1 chain built using Polkadot's Substrate SDK. All transactions and token balances are cryptographically secured on this blockchain. On the consensus side, Bittensor uses a proprietary algorithm called Yuma consensus instead of classic PoW or PoS; this algorithm achieves consensus in reward distribution based on the principle of validators voting on miners. The Yuma consensus is designed to be resistant to malicious behavior on the network (it will function correctly even if up to 50% of the network is malicious). The open-source nature of Bittensor's code is an added security benefit—developers worldwide can review the code and identify any issues. On the other hand, it is known that in the early stages of the project, the Subtensor blockchain is controlled by the Opentensor Foundation (with Proof-of-Authority validators). While this technically requires an element of trust, the goal is to fully transfer management to the community as the network matures. To date, there have been no notable attacks or security breaches on the Bittensor network. However, as with any young blockchain project, security risks are always present for Bittensor.What is the difference between Bittensor and centralized AI platforms? There are many differences that distinguish Bittensor from centralized AI platforms such as OpenAI. The most fundamental difference is that control and access are distributed. In centralized AI platforms, model training and services take place on a single company's infrastructure; data and models are typically kept closed. In Bittensor, however, the network is completely decentralized, with no single authority holding all the control. This allows individuals and organizations worldwide to join the Bittensor network and either provide or use AI models. The second key difference is the incentive structure: On centralized platforms, researchers or engineers are typically compensated for their work through salaries or contracts, while users pay for the service but gain nothing beyond the output they receive. In the Bittensor model, everyone who contributes to the network earns crypto rewards. The main difference lies in transparency and access: Bittensor is open-source, and network data is transparent on the blockchain, whereas centralized platforms may be closed-source, and users may not know how the model works. Additionally, models on the Bittensor network are accessible to token holders (for example, you can ask questions and receive answers by staking or spending TAO), which provides a form of open AI service.What does Bittensor promise for the future? The future of the Bittensor project and the TAO coin is attracting attention with the growth of the artificial intelligence field. First, as the Bittensor network continues to grow, more specialized subnets are expected to emerge. In the future, specialized subnets focused on areas such as text generation, machine translation, autonomous vehicle visual perception, and bioinformatics could operate under the Bittensor umbrella. In fact, major language models such as ChatTensor and Bittensor Language Model (BTLM), which were introduced in 2023, have already started to be run on the network. In the future, the number and variety of these models may increase and Bittensor may become a kind of “AI App Store” or “AI marketplace”. Secondly, Bittensor’s management may be completely transferred to the community and evolve into a DAO (Decentralized Autonomous Organization) structure. Thus, TAO owners will have even more say in the future direction of the network. Thirdly, there are promises of technological scaling: Thanks to its subnet architecture, Bittensor has gained a structure that can increase the number of participants and transaction volume to very large dimensions. In the coming years, it has the potential to become an “internet-wide” AI network with hundreds of subnets and tens of thousands of participants. However, as with any cryptocurrency investment, it would be best for each investor to act in line with their own research.Don't forget to follow JR Kripto guides for more information on Bittensor and Web3's projects where AI intersects.
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7 Jul 2025
CoinShares: Institutional Money Inflow Increases in Bitcoin, ETH and 5 Altcoins
According to the latest report published by CoinShares, cryptocurrency investment products recorded a net inflow of $1.04 billion last week, completing the 12th consecutive week of positive growth. With this increase, the total amount of assets under management (AuM) in digital assets reached an all-time high of $188 billion. The weekly trading volume was recorded as $16.3 billion; this figure is very close to the weekly average for the entire year.USA leads in regional distributionWhen looking at the regional distribution of fund inflows, the US stands out by far with a contribution of $1.025 billion. Germany and Switzerland were the second and third countries in the ranking with $38.5 million and $33.7 million, respectively; Canada experienced an outflow of $29.3 million and $9.7 million, respectively. The outflows in Canada and Brazil in particular reveal differences in regional investor sentiment.Bitcoin inflows slowed, ETH shinesBitcoin-focused investment products saw an inflow of $790 million on a weekly basis. Although this figure is high, it indicates a slowdown when you consider that an average of $1.5 billion inflows have been recorded in the last three weeks. It is thought that investors are being cautious as Bitcoin approaches its historical peaks.Ethereum, on the other hand, attracted attention with an inflow of $226 million. This means the 11th consecutive week of positive inflows for Ethereum. During this period, a total of nearly $3 billion inflows were recorded in Ethereum. More importantly, the average weekly inflow to Ethereum products during this period corresponds to 1.6% of AuM. This rate is twice as much as Bitcoin's 0.8% rate in the same period. In other words, we see that investors' interest in Ethereum is rapidly increasing. Remarkable movement in altcoinsThere were also notable developments on the altcoin side. Solana (SOL) stood out with a weekly inflow of $21.6 million. XRP recorded an inflow of $10.6 million; Sui recorded an inflow of $1.6 million. Other assets such as Chainlink ($0.5 million), Cardano ($0.4 million) also attracted investor attention. Litecoin did not record any inflows or outflows at the beginning of July.In contrast, multi-asset products experienced a weekly outflow of $12.4 million, while products for some altcoins in the "other" category saw a limited inflow of $2.8 million. This category has experienced an outflow of $504 million since the beginning of the year.Grayscale has an outflowGrayscale closed the week with a negative outflow of $46 million. This situation is associated with the company's corporate restructuring and falling volumes since late 2024. In addition, as we reported recently, the U.S. Securities and Exchange Commission (SEC) first accepted and then suspended Grayscale's request to convert its Digital Large Cap fund, which includes many altcoins, into an ETF. CoinShares' own product, XBT Provider AB, also experienced an outflow of $19 million.
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7 Jul 2025
What is Lido DAO (LDO)?
Lido DAO is a decentralized staking protocol that offers liquid staking services on various blockchain networks, primarily Ethereum. This means that users do not lose the liquidity of their assets when staking them; they can participate in the network's Proof of Stake validators even with small balances, without needing large amounts such as 32 ETH. Lido produces tokenized representative assets at a 1:1 ratio in exchange for the deposited assets. For example, a user who stakes Ethereum through Lido receives a token called stETH, which represents the value and yield of the staked ETH. This allows the Lido protocol to enable users to stake their crypto assets without locking them up.The stETH tokens they receive are designed to always be equivalent to 1 ETH, and users can exchange them at any time, use them in other protocols, or convert them back to ETH. In short, liquid staking means earning staking rewards while maintaining the liquidity of staked assets. Lido DAO provides exactly this, offering a decentralized staking service (decentralized staking service).The Lido protocol was launched in 2020 and was created to solve some of the limitations introduced by the Ethereum 2.0 network. In the Beacon Chain phase of Ethereum (ETH 2.0), there were difficulties such as a minimum staking requirement of 32 ETH, technical knowledge requirements, and the inability to withdraw staked funds. The Lido team developed the concept of liquid staking as a solution to these issues.Let's take a closer look at this innovative cryptocurrency and explore questions such as what LDO token is and LDO coin's future.Definition and Origins of Lido DAOLido DAO is an innovative DeFi protocol that essentially provides “staking and liquidity integration.” For users seeking an Ethereum staking solution, Lido allows them to stake their assets on the Ethereum network while remaining liquid. Staking refers to users locking their assets into a blockchain for a certain period of time to contribute to the network's security and earn rewards in return.The protocol was first launched in December 2020, shortly after the Ethereum 2.0 Beacon Chain went live. At its inception, it aimed to solve some of the problems encountered on the Ethereum network: in the classic staking method, users had to lock up a high amount such as 32 ETH and could not access these assets during that period. Additionally, running one's own validator node required technical knowledge and infrastructure. Lido introduced the concept of liquid staking to overcome these obstacles.So, how does Lido work? When users deposit Ethereum (or other supported coins) into Lido's smart contract, the smart contract distributes these funds to trusted validators selected by the protocol. In return, the user is given a representative token such as stETH. This token represents the amount the user has staked and the staking rewards accumulated up to that point. Thus, the user can participate in the Ethereum network's validators and earn staking returns while continuing to trade in the DeFi ecosystem with their stETH token. Staking process in Lido DAO. Source: Lido DAO The innovative aspect of the Lido protocol is that it offers a decentralized staking service. In other words, Lido pools user funds and distributes them to multiple validators in the background. These validators are actually reliable and experienced node operators selected by the Lido DAO community. The protocol is completely open source and its smart contracts have been audited. The smart contract code can be reviewed by anyone and has passed independent security audits. Thanks to this transparent structure, users have significant assurance regarding the security of the protocol when depositing funds into Lido. Lido's liquid staking model has brought great convenience to those who stake on networks such as Ethereum: let's answer the question “What is stETH?” in this context. stETH is a token issued in exchange for Ether staked on Lido and is pegged to 1 ETH. As a stETH holder, users continue to earn staking rewards on the Ethereum network and can sell stETH at any time, exchange it for another coin, or use it as collateral in DeFi protocols. This eliminates the liquidity loss issue experienced in traditional staking. Working principle of stETH. Source: Lido DAO There is no single founder behind Lido DAO, which emerged in 2020. Lido DAO was founded in 2020 by Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish. The project was brought to life with the support of investors such as Semantic VC, ParaFi Capital, and StakeFish. The founders are experienced names in the Ethereum and DeFi fields: Lomashuk worked at Parity Technologies, while Shapovalov worked at P2P Validator. Jordan Fish is known for his podcast called “UpOnly.” Many well-known names and institutions also contributed to the establishment of Lido. For example, the $2 million seed funding round in December 2020 was attended by funds such as Semantic Ventures and ParaFi Capital, as well as industry leaders such as Rune Christensen, founder of MakerDAO, Stani Kulechov, CEO of Aave, and Kain Warwick, founder of Synthetix. This collective effort enabled Lido to be born as a community-focused, non-profit organization. Subsequently, the project quickly transitioned to a DAO model, transferring management entirely to the community. In other words, Lido is not managed by a few founders, but by a broad group of LDO token holders. Through on-chain governance mechanisms, every decision in the Lido DAO is made through community voting, and rules are enforced via smart contracts.History of Lido DAO: Important MilestonesSince its inception, Lido DAO has grown rapidly and achieved significant successes in the DeFi space. Here are some important milestones in the history of Lido DAO:2020: Immediately following the launch of Ethereum 2.0 Beacon Chain, the Lido protocol went live in December 2020. The first version allowed users to receive stETH in exchange for locked ETH, thereby adding liquidity to the Ethereum staking process. Lido DAO was also founded and received its initial funding this year. This is because the protocol emerged as a solution to inefficiencies in Ethereum staking. Lido and ETH liquid staking integration. Source: Innovation Law 2021: The Lido team focused on DeFi partnerships to accelerate the growth of the protocol. In particular, incentive programs were launched on Curve Finance to provide liquidity for stETH. This allowed stETH to remain close to 1 ETH in value, while users were able to trade with low losses through stETH/ETH pools. In the same year, Lido's governance token, LDO, was officially launched, and the first DAO votes were held. With the distribution of the LDO token, protocol governance began to be transferred from the core team to the community. By the end of 2021, Lido announced plans to expand beyond Ethereum to other networks.2021-2022: Although Lido DAO started with a focus on Ethereum, it quickly began to expand to other popular Proof of Stake networks. In September 2021, Lido integration (stSOL) for the Solana network was launched (later, in 2023, this integration was terminated by a community vote). Then, in November 2021, stMATIC was launched for the Polygon network (closed in 2025). In 2022, Lido began offering its liquid staking service for Polkadot (stDOT in May 2022, later discontinued) and its canary network Kusama (stKSM in February 2022). With these expansion steps, Lido has become a multi-chain liquid staking platform. It also expanded its user base by offering liquid staking products in ecosystems such as Solana and Terra (the stLUNA service on the Terra network was discontinued in mid-2022 due to issues within the Terra ecosystem). 2022 will be remembered for Lido not only for its multi-chain support but also for its tremendous growth: Lido became the largest staking provider on Ethereum, representing over 25% of the total staked ETH on its own. This demonstrated Lido’s dominance in the Ethereum staking market achieved in just two years.2023: The Shanghai (Shapella) update implemented by the Ethereum network in April 2023 made it possible to withdraw staked ETH from the network. Following this critical update, the Lido protocol also updated its structure, introducing features that allow users to convert their stETH to ETH and withdraw it. The Lido v2 update, launched in May 2023, brought two major improvements to the protocol's core operations: a new modular infrastructure called Staking Router and a withdrawal feature for stETH. The Staking Router made Lido's validator registration system more flexible and modular, enabling greater diversity in validator participation on the network, thereby increasing decentralization and expanding the pool of trusted validators. With the withdrawal feature, users can now withdraw their locked ETH from Lido at a 1:1 ratio after a certain waiting period. These developments have turned Lido into a fully functional staking platform. Users can now lock any amount of ETH and receive stETH in return, and if they wish, they can exit later and retrieve their Ether. 2023 was also a period when the stETH token became firmly established in the DeFi ecosystem. Many major DeFi protocols began integrating stETH and accepting it as collateral. For example, the Aave protocol listed stETH as both collateral and a debt asset in the Ethereum market. This allowed users to deposit their stETH into Aave and borrow ETH or stablecoins in exchange, enabling them to create leveraged positions. The concept of staking usage in DeFi was solidified by Lido's success: stETH became one of the most preferred collateral options in decentralized finance applications. Following the Shanghai update, investors began using stETH extensively on platforms like Aave and Compound to achieve higher compound returns. Thanks to Lido’s network effect, the circulating supply of stETH reached a record high of 7.5 million by mid-2023, and Lido continued to lead the sector with a liquid stake supply 16 times larger than its nearest competitor. 2024: Lido DAO fully felt the effects of its v2 update, which it laid the groundwork for in 2023. The innovations brought by Lido v2 focused on increasing the protocol's transparency and governance capabilities. By early 2024, Lido had come to control approximately one-third of the total stake on Ethereum (approximately 30-31%), solidifying its dominant position in the industry. This situation brought both great success and responsibility for the protocol; in order to uphold the principles of decentralization, Lido took steps to bring more validators into its network and reduce the risk of power concentration at a single point. In 2024, Lido DAO implemented a delegation mechanism to increase community participation in governance processes. In August 2024, a governance vote approved an on-chain delegation system that allows LDO token holders to delegate their votes to representatives they trust, as well as a representative incentive program called the “Delegate Incentivization Program.” This provided convenience for LDO holders who could not actively participate in the voting process but trusted representatives who shared their views. One of the notable developments in 2024 was the introduction of a “dual governance” mechanism in Lido DAO. A proposal voted on and approved on the Snapshot platform on April 25, 2024, envisions this new model, which aims to give stETH tokens governance functionality. Additionally, throughout 2024, Lido DAO made improvements to its multisig wallet processes to enhance operational transparency and enhanced the traceability of protocol parameters.Why is Lido DAO valuable?There are many features that make Lido DAO unique and valuable. First, let's talk about how liquid staking prevents liquidity loss. One of the biggest advantages of using Lido DAO is that you don't experience liquidity loss with the stETH you receive in exchange for your staked ETH. In traditional staking methods, when you lock your assets as a validator, they remain locked during the withdrawal period and cannot be used for other purposes. Lido eliminates this problem: For example, when you stake 32 ETH through Lido, you immediately receive 32 stETH. Your stETH balance automatically increases in proportion to the staking rewards you earn, and you can sell this token or use it in other protocols at any time. As a result, Lido allows you to earn passive income without locking up your cryptocurrencies for long periods of time. This feature has become highly valuable to investors as it completely eliminates the “illiquidity” disadvantage that arises when participating in the Ethereum 2.0 staking process. We can examine other critical features under the following headings:Ability to use in DeFi while earning passive incomeInvestors who stake with Lido can continue to utilize their assets in the DeFi ecosystem while earning staking returns. This is like “doubling your investment”: For example, a user can purchase stETH tokens and deposit them as collateral into the Aave protocol, in exchange for borrowing another asset (such as a stablecoin or ETH). Thus, in addition to staking income, they can pursue extra returns by making additional investments with the borrowed asset. As the use of stETH tokens for staking in DeFi becomes more widespread, new arbitrage and yield strategies have emerged for users. Thanks to Lido, “capital efficiency” is maximized; assets both earn staking rewards and are revalued on different platforms. This makes the liquid staking model much more attractive than classic staking.Governance and community participation and the role of the LDO tokenOne of the key factors that makes Lido DAO valuable is its robust governance system. Critical decisions such as protocol development, parameter changes, and expansion to new networks are made not by a central authority but through votes by LDO token holders. The LDO token grants its holders voting rights in Lido DAO, enabling them to influence the protocol's future. This allows Lido to be collectively managed by a community that looks after the interests of its users. Forum discussions where everyone can express their opinions, preliminary votes on platforms such as Snapshot, and on-chain voting processes establish Lido's management on a transparent and participatory model. This transforms Lido from merely a staking tool into an example of a DAO governance system. LDO token holders possess voting power proportional to the number of tokens they hold, meaning the protocol's future is directly in the hands of its users. Latest recommendations and votes on Lido DAO. Source: Snapshot.box Reliable validators and open-source infrastructureLido DAO's reliability is as important as its technical value. Since the protocol provides staking services on a large scale, security and validator performance are critical issues. Lido has proven itself in the industry since its inception and works in tandem with reliable node operators. For example, in the first phase of its financing, well-known validators such as Stakefish and Staking Facilities joined Lido's infrastructure. Lido DAO follows a decentralized approach in validator selection, distributing staking across multiple operators to minimize risks concentrated in a single point. Thanks to this transparency, potential vulnerabilities in Lido's smart contracts can be observed by the community and quickly addressed. The Lido team has a long-term perspective on security and reliability and acts with the awareness that it manages billions of dollars in assets. To date, Lido has remained resilient even during events such as the 2021 DeFi market turmoil and the 2022 Terra collapse.Multi-chain support and ecosystem integrationsAnother factor that enhances the value of Lido DAO is its presence across multiple blockchain networks and its adoption by a broad ecosystem. Following its success on Ethereum, it has now brought its liquid staking feature to networks such as Solana, Polygon, Polkadot, and Kusama, even though most of them are not currently active. This has made Lido a strong player in the industry in terms of interoperability. During the period when these integrations were active, users on different networks were able to engage in liquid staking with a similar experience through Lido and obtain the derivative tokens of the relevant networks (stSOL, stMATIC, stDOT, etc.). Lido's multi-chain strategy freed the project from dependence on a single network and transformed it into a general liquid staking platform.Who is the founder of Lido DAO?Lido DAO was launched by three prominent figures rather than a single central founder. Each of these individuals has made significant contributions to Ethereum and decentralized finance (DeFi), forming the cornerstones of Lido's technical and community-based structure. These individuals are as follows:Jordan Fish: Known in the crypto world by the pseudonym “Cobie,” Fish is recognized for his entertaining and sharp analyses. He is also the founder of the popular crypto podcast “UpOnly.” His influence within the community and ability to reach a wide audience played a significant role in Lido's early promotional efforts.Vasiliy Shapovalov: A developer with deep technical ties to the Ethereum infrastructure. Specializing in staking infrastructure, Shapovalov has previously worked on projects such as P2P Validator and has extensive experience in validator technologies.Konstantin Lomashuk: Known for his background at Parity Technologies and his contributions to the Web3 ecosystem. He is also one of the founders of the crypto investment firm Cyber Fund. He has been instrumental in shaping Lido's technical infrastructure as well as its long-term vision.The project, which gained prominence with a blog post published in October 2020 and was activated with approximately $2 million in initial funding in December 2020, targeted key issues in the Ethereum staking process, such as liquidity loss and high minimum staking requirements (32 ETH).Frequently Asked Questions (FAQ)Below, you can find frequently asked questions about Lido DAO:What is Lido DAO and how does it work?: Lido DAO is a decentralized liquid staking protocol that allows users to stake their assets while maintaining liquidity. For example, a user who stakes Ether on Lido receives stETH tokens in return. These stETH tokens represent the value of the staked ETH and the rewards earned. Lido's smart contracts distribute the deposited Ether to trusted validators selected by Lido DAO, allowing users to contribute to network security and earn rewards without having to deal with technical details.What is stETH and how is it obtained? stETH is the name of the token given in exchange for Ether staked on the Lido protocol. When a user stakes Ethereum through Lido, stETH is minted (issued) in a 1:1 ratio with the deposited ETH. For example, if you stake 5 ETH, you will receive 5 stETH. The value of stETH is theoretically equal to 1 ETH and is automatically updated daily to reflect staking rewards. The most common way to obtain stETH is to stake ETH through Lido's official interface (via sites such as stake.lido.fi). Alternatively, you can purchase stETH tokens that are already in circulation from decentralized exchanges (e.g., Curve, Uniswap) to become a stETH holder.What is LDO token used for? LDO is the governance token of Lido DAO. LDO token holders have the right to vote on decisions that shape the future of the Lido protocol. For example, issues such as changing fee rates on Lido, adding Lido support to a new blockchain network, or the use of treasury funds are put to a vote by LDO holders. The more LDO tokens you have, the greater your voting power. LDO holders can contribute to the development of the protocol by expressing their ideas on Lido's forums. In addition, LDO is a cryptocurrency that can be bought and sold on various DeFi platforms.Is Lido reliable? Lido is a protocol that has gained widespread trust and proven itself in the DeFi field. Since its launch in 2020, Lido has not encountered any serious security incidents or attacks and has managed billions of dollars in assets without any issues, earning it a place among the “battle-tested” protocols. Additionally, Lido is backed by a strong community and reputable investors. However, as with any DeFi protocol, there are some risks associated with Lido. For example, there are smart contract risks (the possibility of undiscovered bugs), slashing risks (small interruptions may occur if Lido's node operators make mistakes), or decentralization risks (regulatory risks that may arise due to Lido's large share of the Ethereum staking market).Which networks does Lido support besides Ethereum? Lido DAO offers liquid staking services on multiple blockchain networks besides Ethereum. The main networks currently supported are Polygon (MATIC) and BNB. As Ethereum L2 solutions, it supports Arbitrum, Optimism, Base, ZkSync, Mantle, Linea, Scroll, Mode, Zircuit, and Unichain.What is the difference between liquid staking and classic staking? Classic staking means locking a cryptocurrency (e.g., ETH) into the network's validator node for a certain period of time. During this period, your assets cannot be moved; in return, you earn validator rewards, but your funds are not liquid. Additionally, classic staking typically requires a minimum amount (e.g., 32 ETH for Ethereum) and may technically require you to run your own node. Liquid staking, on the other hand, is an approach that adds flexibility to this process. A liquid staking protocol (such as Lido) stakes on your behalf and issues you a token (such as stETH) representing the amount you have staked. This token is liquid, meaning you can buy, sell, transfer, or use it in DeFi applications at any time. This way, your capital remains unlocked even while staking.For those who want to participate in the Ethereum staking process without losing liquidity, do not forget to check out our detailed guide to Lido DAO.
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7 Jul 2025
APT Comments and Price Analysis July 6, 2025
APT/USDT Technical AnalysisAptos continues to draw significant attention as a Layer-1 project, particularly due to a recent rise in active wallets and the launch of new projects on its chain. APT Current View On the daily chart, a falling channel—also known as a falling wedge formation—is clearly visible. APT is currently trading near the midpoint of this formation. Additionally, a double-bottom pattern has formed near the lower support level, after which the price climbed toward the upper boundary of the wedge before pulling back.APT has established a key support zone around $4.39. If the price fails to hold above this level, it may drop to the wedge’s lower trend support near $3.39.Regarding upward movement, a breakout is possible if the price climbs and retests the upper boundary of the wedge. Should such a breakout occur, the next target would be the $7 level and potentially higher. However, traders should remain cautious, as a pullback toward the support zone remains possible.These analyses are not intended as investment advice. They focus on key support and resistance levels that may present trading opportunities in the short and medium term, depending on market conditions. Users are solely responsible for their own actions and risk management. Moreover, it is strongly recommended to use a stop-loss (SL) strategy in all trading activities.
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6 Jul 2025
WLD Comments and Price Analysis 5 July 2025
Worldcoin (WLD) Technical AnalysisLooking at the WLD chart, we can observe a significant support level forming between $0.82 and $0.86, with the price currently attempting an upward move. The descending channel clearly visible on the chart has served as a major resistance zone, suppressing the coin’s price for several weeks. However, following the recent breakout and subsequent retest, there is a growing expectation of an upward move. Falling Trend Breakage That said, if the price fails to hold above the trendline, any upward movement may prove to be nothing more than a reaction to the previous decline—a false breakout. The bullish expectation remains valid only if the price begins to move upward again after successfully retesting the trendline.Technically, the $0.82–$0.86 support zone is critical. As long as the price stays above this area, the possibility of higher targets remains strong. Conversely, if this support breaks down, the formation becomes invalid and selling pressure may increase. In that case, the price could retreat to the major support level of $0.7153.If WLD manages to hold above $0.8579, the first target could be $0.9718. However, some selling pressure may be encountered at this level, as it also represents a reversal zone. If this reversal area is breached to the upside, the price may continue its rise toward $1.10 and potentially $1.15.These analyses are not intended as investment advice. They focus on key support and resistance levels that may offer trading opportunities in the short and medium term, depending on market conditions. Users are responsible for their own trading decisions and risk management. Additionally, it is highly recommended to use a stop-loss (SL) strategy in all transactions.
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5 Jul 2025
LDO Comments and Price Analysis 4 July 2025
LDO Technical AnalysisLido DAO, which manages the majority of staked assets on Ethereum, is once again in the spotlight as overall interest in liquid staking increases. With growing demand for institutional staking solutions, it is important to evaluate LDO from a technical standpoint. LDO Current Levels Looking at the daily chart, two key formations are clearly visible: one is a downtrend that began in February, and the other is a double-bottom structure. The price has tested the downtrend line three times so far; therefore, an upward breakout becomes increasingly likely if a fourth test occurs at the upper boundary. This breakout scenario is further supported by the double-bottom pattern mentioned earlier.The chart shows that the $0.764–$0.785 zone is a strong resistance area, and the price recently pulled back after testing this region. Should a breakout above this resistance occur, the price could climb to $0.85, which also aligns with the trendline test. On the downside, if pullbacks continue, the price could retreat toward the $0.70 level.These analyses are not intended as investment advice. They highlight support and resistance levels that may present trading opportunities in the short and medium term, based on prevailing market conditions. Users are fully responsible for their own actions and risk management. Moreover, it is strongly recommended to use a stop-loss (SL) strategy when executing trades.
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4 Jul 2025
SUI Comments and Price Analysis 4 July 2025
SUI/USDT Pair Technical AnalysisThe Sui Network has experienced a notable rise in Total Value Locked (TVL) in recent weeks. As a result of this increase, the price of SUI has rebounded strongly and is now trading within a key price zone. Falling Channel Structure Looking at the chart, we observe a descending channel pattern. Although the lower boundary of the channel was briefly violated, the price recovered swiftly, re-entered the channel, and climbed toward the upper trendline. After being rejected from this area yesterday, the price found support in the $2.83–$2.91 range.SUI is currently trading in a critical zone—an area where previous breakouts have occurred and where the next direction could be determined. As long as the price holds above this key area, SUI is likely to attempt another breakout above the trendline. If the $3.13 level is broken, the next potential targets are $3.40 and $3.80, respectively.For downward movements, the $2.83 support is the first level to watch. If this breaks, the $2.68 level may come into play as the next support.These analyses are not intended as investment advice. They focus on key support and resistance levels that may present trading opportunities in the short and medium term based on market conditions. Users are solely responsible for their own trading decisions and risk management. Moreover, it is highly recommended to use a stop-loss (SL) strategy in all transactions.
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4 Jul 2025