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EIGEN Comments and Price Analysis 29 June 2025
EIGEN Technical AnalysisThe EIGEN chart clearly demonstrates a downward breakout following the consolidation in the upper region. There is a descending trend pattern forming in the short term, and we see that there has not been a strong breakout in this trend yet; the price has been rejected from this area again. Looking from a wide perspective, the price has rebounded and risen from the strong support area of $1.00 - $1.04 twice so far. In case of price closings below this support zone, the level of $0.89 might be possible then.On the other hand, if we see a breakout, $1.15 will be the first target, and then the price may want to test the resistance area of $1.28 - $1.33. The next possible test of the trend could bring a breakout.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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29 Jun 2025
OP Comment and Price Analysis 30 June 2025
Optimism (OP) Technical Analysis: In Major Liquidity Zone Following Head & Shoulders Formation32.21 million Optimism (OP) tokens, approximately 1.84% of the market cap value amounting to $17.72M, will be unlocked on June 30, 2025 at 03:00 UTC. Therefore, we should be careful about the price and the levels before the unlocking. Let’s study the chart together. OBO Formation As clearly seen on the daily chart, Optimism (OP) has been in a downtrend since the $6.00 peak and is at the end of a critical technical formation called Head and Shoulders, which has caused a selling pressure with the breakdown of the neckline of the formation. The price is trading at the level of $0.55 now and has rebounded from the $0.46 - $0.38 area, marked as the "Major Liquidity Zone" on the chart.If the price can hold, the first important price level will be the resistance at $0.665 in upward movement. If the price can go above this resistance, then the other resistance zones $0.90 - $1.00 and $1.22 - $1.36 can be tested. However, what we need is a breakout of these areas, then a retest.On the other hand, we can expect the Major Liquidity Zone to work as support once again and perhaps complete the double bottom formation if the price drops to the level of $0.46. Selling pressure may increase further if the price closes below $0.46; what is more, pricing at $0.38 and below may cause a longer-term descending trend.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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29 Jun 2025
CRV Yorum ve Fiyat Analizi 28 June 2025
CRV Technical AnalysisLooking at the CRV chart, we see a descending channel pattern similar to what we observe in most of the market nowadays. The price of the coin has managed to maintain this pattern with regular tests to the lower and upper borders after re-entering the channel, even though the pattern was violated once last month. Falling Channel Formation It is obvious on the chart that the price level of $0.51 - $0.53 appears to be an important area, yet the price has fallen below this zone. If CRV tests and can hold above this level, we can expect the price to further test the upper trend zone, which is around $0.56. Otherwise, we may see a test to the lower border of the descending channel if the price cannot hold above the resistance zone it is in now. We have $0.46 as the horizontal support level.In short, the possibility of a breakout is technically high if the price breaks out above the resistance and tests the upper border of the channel. If such a breakout occurs, the resistance area of $0.64 - $0.66 will be the main target in the short term.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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28 Jun 2025
ETC Comments and Price Analysis 28 June 2025
ETC Technical AnalysisETC (Ethereum Classic) is printing a widening descending channel formation on its chart, and it is safe to say that it is, for the time being, consolidating in the middle border of the channel while moving parallel to the market. Falling Channel Structure The price level of $15 seems to act as a significant support area, and it is clear that the price tested this support and rebounded from here due to strong buying activity. ETC is currently trading just below the resistance level of $16.33, which can be considered as a decision point.The price might rapidly rise to the $17.70 target if it sees a daily closing above this resistance level of $16.33, meaning that the channel will see an upward break.However, if the price cannot break above the resistance, then it can pull back to the level of $15 again and even fall below it to test the channel lower trend support.We have the level $17 remaining our target in the short term unless we see a daily closing below the level of $14.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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28 Jun 2025
RENDER Comments and Price Analysis 28 June 2025
RENDER Technical AnalysisLooking at the RENDER chart, it is obvious that the pattern is similar to the one we see on the ETC chart, namely a widening falling channel formation. We should draw attention to the support area of $2.83 - $3.13 in the horizontal support zones. The price of the coin, as obvious in the chart, quickly recovered after falling below this support zone and is currently trading above it. We are very close to the upper border of the channel for the time being. Falling Channel Structure If we see a breakout above the support level, then the first main target will be $5.52 - $6.10, and below it we have a resistance level of $4.15 in the intermediate zone. The critical zone of $2.83 - $3.13 can play an important role in case the price pulls back after the trend test. The price might go down to the lower border of the channel, $2.40, if there come price closings below this area.Will RENDER break out of the trend or pull back after the trend test is yet to be seen. The price will confirm its direction in the short term according to the scenario we lay out above.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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28 Jun 2025
PEPE Comments and Price Analysis 27 June 2025
PEPE Technical Analysis: Golden Cross or Death Cross?On the PEPE chart, it is clearly seen that while the price of the coin is trading within an ascending trend, major technical indicators are giving clear signals. It is obvious on the daily chart that critical intersections like the Golden Cross and Death Cross have worked so far. A Rising Trend As it is clear on the chart, the price saw a strong upward momentum after the Golden Cross in 2024, but the Death Cross in early 2025 caused the price of the coin to fall significantly. PEPE is at an important intersection and is currently trying to find direction.PEPE has tested the channel support and is currently coming closer to the horizontal support border, where buyers could be quite strong and could create a huge demand. If this is confirmed, then the first resistance level for an upward movement will be the $0.00000108–$0.00000110 area. If this area is exceeded, the price might rise up to the level of $0.00000170, the upper border of the channel.However, if the support gets broken, the price may want to test the lower liquidity area of $0.00000075–$0.00000070 due to the Death Cross. In this case, both the channel pattern and the uptrend might be invalid.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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27 Jun 2025
What is Saros (SAROS)?
We encounter more and more innovations in the cryptocurrency world every day. Especially in the field of decentralized finance (DeFi), exciting projects are rapidly increasing for both investors and developers. One of these projects is Saros. Built on the Solana blockchain, Saros aims to reshape the DeFi experience with its fast and low-cost transactions. Moreover, it goes beyond being just a decentralized exchange (DEX), and brings together many features such as launchpad, farming and staking under one roof. Let's take a look at what Saros offers, how it works and why the SAROS token is so talked about in this comprehensive guide.Definition and Origin of SarosSaros is a comprehensive decentralized finance (DeFi) platform built on the Solana blockchain. In other words, it can be simply defined as a Solana DeFi platform. Saros allows users to perform various financial transactions such as token trading, staking, liquidity provision and launchpad services under one roof with low transaction fees. The backbone of the platform consists of core components such as SarosSwap, SarosFarm, and SarosStake. Thanks to these components, Saros serves as an integrated DEX-farming platform on the Solana network. The Saros ecosystem also includes other innovative features such as Saros ID (personal identity solution) and SarosPad. The Saros project emerged in 2021 as a DeFi initiative launched by Coin98 Labs (Ninety Eight Finance) under the name SarosSwap. Initially an AMM-based decentralized exchange (DEX) running on the Solana network, SarosSwap has evolved over time into an integrated DeFi ecosystem called Saros V2. This expanding ecosystem includes the SarosFarm yield farming platform, the SarosStake staking service, and the decentralized launchpad called SarosPad. SarosFarm offers passive income through “pools” that incentivize liquidity providers, while SarosStake allows direct token staking. SarosPad allows new projects to conduct token sales (IDO) securely and transparently. SarosSwap The project is led by the Coin98 Labs team. Coin98 Labs (Ninety Eight Finance) is a blockchain technology company founded in 2017 by Lê Thanh. Coin98 Labs is managed by an experienced team that has previously developed different DeFi solutions. The first version of Saros was announced in 2021, and the team that forms the core of the project is within Coin98 Labs.Saros History: Major MilestonesOne of the best ways to understand the true potential of a project is to closely examine its development process and evolutions over time. In this sense, Saros is on a journey that draws attention with its strategic steps, as well as its technical infrastructure. The project, which initially emerged as just a Solana-based DEX, quickly evolved into much more and evolved into a fully integrated DeFi ecosystem. This development process, from SarosSwap to SarosPad, from investment rounds to the super application vision, is one of the strong indicators of the project's goal of gaining a permanent place in the Web3 world. Let's take a look at the critical milestones that stood out in this journey.2021-2022: SarosSwap launchThe Saros project was launched as an automatic market maker (AMM) DEX called SarosSwap developed on the Solana network. During this period, while Solana's DeFi potential was just beginning to be discussed in the crypto world, SarosSwap was positioned as an attractive option for projects that wanted to create liquidity with its fast and low-cost transactions. Users who did not want to deal with traditional structures such as order books in particular began to perform direct token swaps thanks to the simplicity and efficiency of SarosSwap.The Coin98 team presented a very ambitious vision when they announced Saros to the public. The project was described as Solana's "missing piece" in the DeFi space. According to this statement, Saros could fill a huge gap on its own, not only technically but also strategically. In the introductions made at that time, a strong message was given that Saros would be the fundamental DeFi building block of the Solana ecosystem.End of 2023: Saros Super App and SarosID announcementOn December 26, 2023, it was announced that Saros was moving from being just a DEX or farming platform to something much more comprehensive. This new approach, called “Saros Super App”, was based on the idea of combining DeFi services in a single mobile application. In addition, the announced SarosID system aimed to easily manage users' Web3 identities. In other words, Saros has put into action a plan to move the user experience to a social and identity-focused dimension, in addition to addressing the financial dimension.According to the project's descriptions, Saros Super App is a comprehensive platform built on the Solana blockchain that allows users to access decentralized finance (DeFi) services, NFTs, payments, and digital identity management through a single mobile application. This application aims to facilitate users' daily financial transactions and ensure a smooth transition to the Web3 world. On the other hand, SarosID is a system that allows users to manage their digital identities securely and privately. This system is supported by dePIN (decentralized Physical Infrastructure Network) technology.January 2024: Strategic financing roundAt the beginning of 2024, Saros received serious support from important investors in the Web3 world. Investors including Solana Ventures, Spartan Group, Kyros Ventures, Hashed and Genblock Capital provided a total investment of $3.75 million for the development of Saros. Thanks to this fund, the focus was on both the development of the Saros Super App and the expansion of the ecosystem. In particular, the investments made in mobile application infrastructure, user interface development and security attracted attention. Saros investors. Source: Saros.xyz Spring 2024: SAROS token launchCoin98 Labs launched $SAROS, the native token of the Saros ecosystem, in Q1 2024. This token is designed not only as a store of value, but also as an incentive mechanism and governance tool. Users who own $SAROS can earn rewards by providing liquidity to the platform, participating in farming, or staking. They can also actively participate in future decision-making processes on the platform. This launch was an important step in strengthening the decentralized structure of Saros and increasing community engagement. SAROS token usage areas. Source: Coin98 April 2025: DLMM v3 launchSaros has continued its efforts to keep its technological infrastructure constantly up-to-date and in April, it launched the Dynamic Liquidity Market Maker (DLMM) v3 update. DLMM v3 is a model that allows users to create more flexible liquidity strategies without having to deal with order book or high slippage issues. With this version, transaction efficiency on SarosSwap has increased significantly, while more optimized return opportunities have been offered for liquidity providers.May 2025: Current ecosystemAs of today, the Saros ecosystem has grown considerably. There is a total supply of approximately 2.6 billion SAROS tokens and the number of active users has exceeded 108,000. The daily transaction volume on the platform reaches tens of millions of dollars. The total volume of transactions carried out through SarosSwap and SarosFarm to date has exceeded $100 million. The $SAROS token price was around $0.15 in the first half of 2025 and was recorded at a record high of $0.17. It reached its record price level in early April 2025.Why is Saros Valuable?Saros offers an integrated DeFi infrastructure built on the Solana blockchain. This structure allows users to perform decentralized financial transactions quickly, securely, and at low cost. The user-friendly interface, fast transaction times, and a variety of financial instruments offered by Saros are the main elements that increase the value of the platform.A fully integrated DeFi infrastructure on SolanaOne of the most important factors that create the value of Saros is the technological advantage brought by the Solana blockchain. Solana's capacity to process tens of thousands of transactions per second and very low transaction fees allow applications like SarosSwap to offer fast and cheap transactions to their users. For example, while purchases and sales on the SarosSwap DEX are completed in minutes, users experience low slippage and low fees. In addition, Saros stands out with its concept of a “Web3 super application” that brings together multiple financial products on a single platform. Users can access many services from wallet management to buy-sell, from staking to IDO participation without leaving the Saros application.Strong investment support and SAROS tokenAnother element that makes the project valuable is strong investor support and strategic partnerships. Important funds such as Solana Ventures and Kyros Ventures supported the project by investing in Saros. In addition, the performance of the $SAROS token is also remarkable. For example, while the price of the token was approximately $0.004 in 2024, it increased to approximately $0.15 at the beginning of 2025. In other words, the one-year return was around 3600%.In addition, the SAROS token is at the center of the Saros ecosystem and has various areas of use. What does SAROS token do? Users can earn passive income by staking SAROS tokens, get early access to new projects by participating in IDOs held via SarosPad, and vote on decisions to be taken about the future of the platform.The usage areas of the $SAROS token within the platform add value to Saros. $SAROS holders earn additional rewards by providing liquidity or participating in farming and receive a share of the transaction fees on the platform. On the other hand, governance rights are granted to token holders. In other words, $SAROS users can vote on future settings and updates of the protocol. In addition, users who stake $SAROS can access special features and airdrops that are not yet publicly available.Early access to new projects with SarosPadWhat is SarosPad? SarosPad is a launchpad platform that allows users to invest in new and potentially high-yield projects at an early stage. SAROS token holders can participate in IDOs held through this platform and get priority access to the token sales of the projects. This early access opportunity helps users diversify their investment portfolios and increase their potential earnings. As a result, the integrated DeFi infrastructure offered by Saros, the user-friendly interface, the wide use of the SAROS token and the opportunity to access new projects with SarosPad are the main factors that increase the value of the platform.Who is the Founder of Saros?Saros is a DeFi platform built on the Solana blockchain and developed by Coin98 Labs. Coin98 Labs is known as a developer team based in Southeast Asia and focused on Web3 solutions. Saros is a project launched by Coin98 Labs to contribute to the Solana ecosystem. The platform offers an integrated DeFi infrastructure consisting of core components such as SarosSwap (AMM), SarosFarm, and SarosStake.Saros has received support from many important investors, including Kyros Ventures. In a private financing round held in January 2024, $3.75 million was raised with the participation of investors such as Solana Ventures, Hashed, Spartan Group, GBV Capital, Genblock Capital, K300 Ventures, Cryptomind, and Evernew. This fund is used to develop Saros's new products such as Super App and SarosID and to expand the ecosystem.Saros follows a community-driven growth strategy. The platform plans to transition to a decentralized autonomous organization (DAO) model by encouraging user participation in governance processes. This approach aims to actively engage users in decision-making processes about the future of the platform.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Saros:What is Saros, how does it work?: Saros is a platform in the decentralized finance (DeFi) ecosystem. Users can perform various financial transactions and provide liquidity using the protocol. Saros allows users to interact with their assets on the blockchain.In what areas is the SAROS token used?: The SAROS token is used for a number of functions on the Saros platform, such as paying transaction fees, providing liquidity, staking, and voting in decision-making processes on the platform.What is SarosFarm and how is it staked?: SarosFarm is the staking (investing) section of the Saros platform. Here, users can earn rewards by depositing certain tokens into the Saros ecosystem. To stake, users deposit supported tokens into SarosFarm and then track their earnings.How do I participate in IDOs?: To participate in IDOs, you usually need to create an account on an exchange or platform, complete the account process, and earn the right to buy tokens in exchange for a specific token or asset. Participation is usually based on specific rules and ranking systems.How to connect to the Solana network?: To connect to the Solana network, you need to create a Solana wallet (e.g. Phantom or Sollet) and load SOL tokens into your wallet to be able to trade on the network. Once you have properly connected your wallet, you can interact with applications on Solana.Continue following our JR Kripto Guide series to integrate into the Solana DeFi ecosystem and participate in early-stage projects with Saros!
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27 Jun 2025
XRP Comments and Price Analysis 27 June 2025
XRP Technical Analysis Short-Term Falling Channel Structure There is a descending channel pattern on the short-term chart of XRP. In spite of the price violations in this pattern, the price has managed to hold within this channel. The price of the coin fell after it was rejected on June 25th. Later, XRP fell below the support zone of $2.1–$2.13. If we see daily closings below this important support, the price could go down to the support level of $2.06.However, if the price receives great buy volume and manages to rise above $2.16 again, we can say that next trend test is on the way, which technically could be a trend break. XRP will swiftly rise towards the $2.33–$2.37 resistance zone if the descending trend pattern is over. This zone has previously worked as a strong resistance area horizontally; still, it is safe to say that this resistance has weakened after so many tests to it. We have the level $2.47 after $2.37.If the price cannot pass $2.16, we have the support level $2.06 as stated above. Below this level, there is both the horizontal support level at $1.97 and the lower trend support of the descending channel.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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27 Jun 2025
UAE Invests $100 Million in Trump Family’s Crypto Project
United Arab Emirates-based investment firm Aqua1 has announced that it has invested $100 million in a cryptocurrency platform called World Liberty Financial (WLFI), which has ties to the Trump family. This move makes Aqua1 the largest holder of WLFI, the governance token of WLFI, while also surpassing Tron founder Justin Sun, who previously supported the project. The timing of the investment comes at a time when both economic and political repercussions for the Trump family’s crypto activities are intensifying.Aqua1 and WLFI: Real-asset tokenization, a common goalA joint statement stated that the main purpose of Aqua1’s investment is to move real-world assets (RWA) onto the blockchain, expand the stablecoin infrastructure, and promote decentralized finance (DeFi) solutions. Aqua1 co-founder Dave Lee described WLFI’s vision as a “trillion-dollar transformation opportunity,” emphasizing the project’s efforts to integrate traditional finance with blockchain technology.Zak Folkman, one of the co-founders of WLFI, described the collaboration as “a historic step that will accelerate the integration of cryptocurrencies into the global financial system.” Aqua1 also aims to increase blockchain, artificial intelligence and Web3 investments in the region by launching an initiative called “Aqua Fund” that will lead the digital transformation of the Middle East. Trump and WLFI relationship sparked controversyHowever, WLFI’s ownership structure and close ties to the Trump family also bring with it demands for transparency regarding the project. The WLFI platform, which is co-founded by three of US President Donald Trump’s sons, has previously been subject to political criticism. According to the latest filings with the SEC, Trump owns 15.75 billion WLFI tokens and earned $58 million in revenue from sales of these tokens alone through 2024.Following this investment news, eyes once again turned to the Trump family’s crypto connections. As you may recall, in May, Eric Trump announced that the Abu Dhabi-based MGX company would make a $2 billion investment in Binance using WLFI's stablecoin called USD1. This statement came at a time when the US Congress was discussing regulations on payment stablecoins.Criticism from CongressIn a hearing held this week in the Senate Appropriations Committee, Senator Jeff Merkley asked US Attorney General Pam Bondi about Trump's relationship with WLFI. However, Bondi avoided giving a direct answer, citing ongoing processes. Merkley, on the other hand, clearly expressed the issue: "American decisions should be made by Americans; they should not be purchased through crypto coins." Trump's $2.3 billion Bitcoin treasury application to the SEC through his media company Trump Media and Technology Group (TMTG) also strengthens the conflict of interest allegations against the family. In addition, Trump is expected to earn another $390 million in new income from meme coin sales in 2025.
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27 Jun 2025
What is Cosmos (ATOM)?
The development of blockchain technology is no longer limited to just producing new cryptocurrencies; establishing scalable and sustainable systems where different networks can work together has become one of the primary goals of the sector. Cosmos (ATOM), one of the most innovative projects that stands out in this context, draws attention with its infrastructure that enables communication between blockchains. Setting out with the vision of the “internet of blockchains”, Cosmos is not just a cryptocurrency project, but also offers a wide ecosystem where independent chains can work together. In this article, we will discuss in detail how Cosmos works, the technologies it offers, the role of the ATOM token, and the future potential of the ecosystem.Definition and Emergence of CosmosWe will talk about many things about Cosmos, but it is best to start with its definition: What is Cosmos? Cosmos is a revolutionary ecosystem of networks where different blockchains can talk to each other and exchange data and value. In this respect, Cosmos addresses the problem of “blockchains not being able to communicate with each other”, which has long been one of the fundamental problems of the crypto world. This difficulty, which is evaluated under the title of “blockchain interoperability” in the sector, stems from the fact that each blockchain operates in isolation within its own ecosystem. Cosmos was designed to eliminate this isolation.The project, which was started in 2016 by Jae Kwon and Ethan Buchman, emerged with the aim of establishing a secure, scalable and flexible infrastructure that connects different blockchains. The basis of this vision of Cosmos is Tendermint, the core technology of the system. The answer to the question of what Tendermint is can be summarized as both a consensus algorithm and a network communication protocol. This technology allows developers to build blockchain applications quickly, securely and energy-efficiently. In particular, its structure that can provide certainty in seconds distinguishes Cosmos from other blockchain systems.Another fundamental building block of Cosmos' technical power is the Cosmos SDK (software development kit). At this point, the question “What is Cosmos SDK?” may resonate in the minds of many investors. To answer, this open source development kit offers a modular infrastructure for developers who want to build customizable blockchains. Thanks to its easy use and flexible structure, developers can integrate application chains that cater to different needs into the Cosmos ecosystem. Thus, custom blockchains can be implemented for a wide variety of use cases, not just financial applications, but also games, social networks, and data management.One of the most striking aspects of Cosmos is its vision of the “Blockchain Internet”. Just as the internet unites millions of independent computers into a single network, Cosmos aims to do the same for blockchains. This vision is embodied in Cosmos’ multi-chain architecture. Thanks to its multi-chain structure, each blockchain has its own independence while also being able to securely transfer data and value with other chains.As a result, this technological framework offered by Cosmos represents much more than just a cryptocurrency project. The answers to questions such as what is Cosmos, why is blockchain interoperability important, what is Cosmos SDK, and what is Tendermint reveal the technical integrity and sectoral impact behind this vision. Cosmos offers a comprehensive and sustainable infrastructure that aims to redefine the future of blockchain technology.Cosmos History: Major MilestonesCosmos' journey is full of exciting milestones. Let's take a look at this colorful history together.2017: ICO Excitement and the Birth of the CommunityIf you are wondering when Cosmos coin was launched, the story begins in 2017. Cosmos managed to raise $16.8 million in just 30 minutes with its ICO (Initial Coin Offering) held in April 2017. This was one of the most successful ICOs of the time and witnessed the birth of the ATOM token. During this process, the team working on the project came together under the name Tendermint Inc. and the Interchain Foundation was established. This Switzerland-based non-profit organization entered the market with the aim of supporting and financing the development of the Cosmos ecosystem. This structure strengthened the decentralized nature of Cosmos and paved the way for the formation of a large developer community.2019: Cosmos Hub Mainnet LaunchAfter two years of intensive development, on March 14, 2019, the concrete answer to the question of what Cosmos Hub is emerged: The Cosmos Hub (ATOM) mainnet, the first blockchain of the Cosmos ecosystem, was officially launched. This was the moment when the Cosmos vision began to become a reality. Let's explain what Cosmos Hub is: Cosmos Hub is the decentralized backbone of the Cosmos ecosystem. It is an important network that connects other blockchains, ensuring security and interoperability. The ATOM token is the native cryptocurrency of this network and is used in network governance, ATOM staking transactions, and payment of network fees. This launch created great excitement in the blockchain world because Cosmos was one of the first projects to bring the "blockchain internet" vision to life.2021: Launch of the IBC ProtocolIn February 2021, a revolutionary development took place for the Cosmos ecosystem. The Inter-Blockchain Communication (IBC) protocol was officially launched. However, at this point, it is necessary to elaborate a little more on what the IBC protocol is. IBC is a standard protocol that allows different blockchains to communicate with each other securely and exchange data. This enables transactions such as token transfers, smart contract interactions, and data sharing between different blockchains.With the implementation of IBC, the transfer of value and information between Cosmos networks has truly become possible. This was a giant step towards the realization of Cosmos's "blockchain internet" vision. This development, also known as the Stargate update, has rapidly grown the Cosmos ecosystem. After this update, the number of blockchains in the Cosmos ecosystem and the interaction between these chains have increased dramatically.2023–2024: ATOM 2.0 Discussions and Ecosystem ExpansionThe Cosmos ecosystem has grown tremendously in recent years. In 2023 and 2024, the ATOM 2.0 proposal was put on the agenda in order to improve the economic model of the ATOM token and accelerate the growth of the ecosystem. During this period, many new Cosmos networks emerged in the Cosmos ecosystem. Projects such as Osmosis, Juno, Akash, Secret Network created their own private blockchains using the Cosmos SDK, and seamless communication was provided between them thanks to IBC.In addition, bridges were established with major blockchains outside the Cosmos ecosystem, and integration efforts with Ethereum, Binance Smart Chain, and other major networks accelerated. These developments further advanced the vision of blockchain interoperability. DeFi (Decentralized Finance) applications, NFT projects, and DAOs (Decentralized Autonomous Organizations) began to increase rapidly in the Cosmos ecosystem. This increased the value of the ATOM token and its importance within the ecosystem.In this process, community governance was also strengthened. ATOM holders began to play an active role in decisions that shape the future of the network. The ATOM staking mechanism has become an important tool that supports the security and governance of the network. Price movements since ATOM launch Why is Cosmos Valuable?So why is Cosmos so important in the blockchain world? Here are some of the elements that make Cosmos special:The Revolution in Connecting BlockchainsCosmos’ greatest asset is its solution to the blockchain interoperability problem. Let’s think about it… A world where you can’t easily transfer your cryptocurrencies from one blockchain to another… This is exactly the problem that Cosmos solves. Because thanks to IBC, token transfers, smart contract interactions, and data sharing between different blockchains can happen seamlessly. This eliminates the problem of “silos” in the blockchain world and creates a true blockchain internet. For example, you can transfer your tokens from Osmosis to Secret Network and from there to Juno without any centralized intermediaries. This freedom and flexibility is revolutionary in the crypto world.Cosmos SDK: The Magic Wand of Blockchain CreationLet’s delve a little deeper into the Cosmos SDK: This development kit makes it incredibly easy to create a new blockchain. Traditionally, building a blockchain from scratch was a complex process that could take years. However, with the Cosmos SDK, this time can be reduced to months or even weeks. Since this SDK has a modular structure, developers can create a customizable blockchain according to their needs. Whether it is for DeFi applications, gaming platforms, or NFT markets, the Cosmos SDK allows you to create a blockchain that suits every need. This convenience increases the speed of innovation incredibly. New projects and applications are constantly emerging in the Cosmos ecosystem, which increases the value and diversity of the ecosystem. Cosmos ecosystem map Tendermint: Fast and Secure ConsensusSo why is Tendermint, a must-have for the Cosmos ecosystem, so important? Tendermint Core is the consensus algorithm and network communication protocol at the heart of the Cosmos ecosystem. This technology enables blockchain networks to operate quickly, securely, and energy-efficiently. Tendermint uses a version of the Byzantine Fault Tolerance (BFT) consensus algorithm, which ensures that the network remains secure as long as less than one-third of the nodes are malicious. It can also provide finality in seconds, meaning that once a transaction is completed, it cannot be reversed. This combination of speed and security makes the Cosmos ecosystem particularly attractive for financial applications. It can offer much faster transaction times and lower fees than Proof of Work (PoW) blockchains like Ethereum. We have explained the Tendermint architecture in detail in the table below:LayerContentFunction / DescriptionApplication Layer (ABCI)Blockchain Business Logic: Token transactions, DApp logic, chain rule setsThe layer where application logic is executed. Each project customizes this based on its own needs.Consensus LayerByzantine Fault Tolerant (BFT) algorithmEnsures consensus among validators for incoming transactions to the network.Networking LayerPeer-to-Peer (P2P) communication: Sharing of blocks and transactionsEnables connection and data transfer between nodes.IBC: The Key to Interchain CommunicationThe IBC protocol is one of the most valuable features that Cosmos offers. With IBC, you can transfer tokens from one blockchain to another, make smart contract calls between different chains, and share your data. This allows blockchain ecosystems to move from isolated “islands” to an interoperable “internet.” The great thing about IBC is that each chain can maintain its own autonomy and security model. This means that each blockchain can set its own rules, but still communicate seamlessly with others. IBC system. Source: Blockchain.Oodles Who is the Founder of Cosmos?Who are the geniuses behind Cosmos? The answer to the question of who is the founder of Cosmos is actually the story of a team...Jae Kwon: Creator of TendermintTo answer the question of who Jae Kwon is: Jae Kwon is the main founder of Cosmos and the creator of the Tendermint consensus algorithm. Kwon, who studied computer science, discovered his interest in blockchain technology in 2013 and started working on Tendermint. Jae Kwon aimed to develop a new consensus mechanism to solve the scalability and energy consumption problems of existing blockchains such as Bitcoin and Ethereum. As a result, Tendermint was born - a fast, secure and energy-efficient consensus algorithm.Kwon's vision was not to create just a single blockchain, but to create an ecosystem of blockchains that could communicate with each other. This vision ultimately led to the birth of Cosmos. In 2020, Jae Kwon decided to step down from his active role in the Cosmos project and focus on new projects. However, his contributions to Tendermint and Cosmos have left a lasting impact on the blockchain world.Ethan Buchman and the Interchain FoundationThe other answer to the question of who founded Cosmos is Ethan Buchman. Buchman, along with Jae Kwon, is the co-founder of the Cosmos project and a director of the Interchain Foundation. Ethan Buchman is a computer scientist specializing in cryptography and distributed systems. Buchman played a key role in creating the technical vision for Cosmos, and in particular in the development of the IBC protocol. What is the Interchain Foundation? It is a non-profit organization founded in Switzerland and is responsible for the development and financing of the Cosmos ecosystem. The foundation manages the funds raised in Cosmos’ 2017 ICO and provides grants to various Cosmos projects.Open Source Community ContributionCosmos’ development relies not only on its founders, but also on the contributions of thousands of developers, validators, and community members worldwide. As an open source project, Cosmos is designed for developers from all over the world to contribute. This ensures continuous innovation and improvement. Validators ensure the security and operation of the network through the staking mechanism. Token holders shape the future of the network by participating in governance processes. This broad participation, This makes Cosmos a truly decentralized and community-driven project. This supports its long-term sustainability and success.The Future of the Cosmos EcosystemSo what does the future of Cosmos look like? What does the Cosmos network do and what kind of blockchain world awaits us in the future? The Cosmos ecosystem continues to grow every day. Currently, more than 50 blockchains are included in the Cosmos ecosystem using the IBC protocol. This number is constantly increasing as new projects develop.From DeFi applications to NFT platforms, from gaming blockchains to data storage solutions, various projects are creating their own private blockchains using the Cosmos SDK and Tendermint technologies. This expansion also adds new dimensions to the question of what is ATOM coin. ATOM is not just a cryptocurrency, but a value carrier that is at the center of this growing ecosystem and secures it.Frequently Asked Questions (FAQ)Below, you can find some frequently asked questions and answers about Cosmos:What is Cosmos, what does it aim to do?: Cosmos enables different blockchains to communicate with each other It is an interoperability network that provides. Its goal is to create a decentralized internet and make blockchains scalable, interoperable and easier to develop.What is ATOM coin, what does it do?: ATOM is the native token of Cosmos Hub. It is used in staking transactions for network security, governance votes and payment of transaction fees.How does the Cosmos IBC protocol work?: IBC (Inter-Blockchain Communication) allows different blockchains to transfer data and assets in a secure and decentralized manner. Each chain can be connected to each other within the Cosmos network as long as it is IBC compatible.What is different about Cosmos from other chains?: Cosmos offers a modular architecture instead of monolithic structures. Each project can establish its own independent chain and communicate with other chains via IBC. This increases both scalability and customizability.What does Cosmos Hub and Zone mean?: Cosmos Hub is the first and centralized chain in the Cosmos ecosystem. Zones are independent blockchains that are connected to Cosmos Hub and operate on their own. Each Zone communicates with other Zones via IBC can establish.For more on the Cosmos network and ATOM token, which enables inter-blockchain communication, follow our JR Kripto Guide series.
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27 Jun 2025
Grayscale’s 20-Coin Q3 List Released: LDO and OP Delisted
Grayscale Investments, one of the most followed names by institutional investors in the cryptocurrency market, has published its updated crypto asset list for the third quarter of 2025. This list includes coins that Grayscale believes have high potential at the beginning of each quarter. While two new names such as Avalanche (AVAX) and Morpho (MORPHO) were added to the list, it was noteworthy that leading altcoins such as XRP and Cardano (ADA) were also excluded this quarter. The company also removed Lido DAO (LDO) and Optimism (OP) from the list.This restructuring of Grayscale's Top 20 crypto asset list reflected changes in the market and differences in institutional investment strategies. On the other hand, the exclusion of XRP and ADA from the list again brought many questions to the sector. This decision, which came especially on the eve of the SEC's upcoming spot ETF decisions, was also found meaningful in terms of its timing.Why are XRP and ADA still not on the list?Despite the positive developments in regulation and increasing ETF possibilities, XRP and Cardano have failed to enter Grayscale's radar. According to Bloomberg analysts, the probability of ETF approval for XRP and Litecoin has increased to 95 percent. On the other hand, the SEC is expected to announce its decision on the proposed spot ETF applications for Avalanche and Cardano on July 13. This decision was previously postponed by 45 days.Despite all these developments, Grayscale's distance from ADA and XRP continues. This situation, while disappointing investors, was also directly reflected in asset prices. After the publication of Grayscale's updated list, the XRP price fell by 4.8 percent and the ADA price by 2.9 percent. When looking at the data for the last month, XRP lost 9 percent and ADA lost 26 percent in value.Grayscale's new favorite: MorphoMorpho, which was included in the Q3 list, was one of the surprise members of the list. This DeFi-based asset attracted attention with the announcement of Morpho V2, which specifically targets institutional financial institutions. Grayscale stated that the growth in the on-chain lending space will continue and that Morpho can get a significant share of this growth. For this reason, MORPHO was included in the list instead of popular projects such as Lido DAO and Optimism. Avalanche (AVAX) also took its place on this quarterly list. What other coins are on the list?Grayscale's third quarter list includes a total of 20 crypto assets. Some of the other assets on the list include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Hyperliquid (HLP), Sui (SUI), Chainlink (LINK), Avalanche (AVAX), Uniswap (UNI), Aave (AAVE), and Bittensor (TAO).The company's evaluation process is not based solely on price performance. Grayscale creates the list by taking into account industry trends, usage areas, liquidity status, and technological developments.
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27 Jun 2025
July Decisive Month in Trump’s Crypto Agenda: Pay Attention to GENIUS and CLARITY Acts!
The countdown has begun for the long-awaited legal framework for cryptocurrency regulation in the US. David Sacks, known as the “crypto czar” of the White House in the US, announced on social media that two important laws, the CLARITY and GENIUS Acts, will be signed in July and introduced to the Senate agenda.GENIUS Act: Provides a national stablecoin standard for the USThe GENIUS (Guaranteed Electronic National Innovation for the US) Act aims to introduce comprehensive national regulation for stablecoins. This law draws a clear framework for how cryptocurrencies pegged to fiat currencies such as the US dollar will be issued, their reserve guarantees, and their legal responsibilities. According to Sacks, this law will provide a safer regulatory environment for domestic companies. In addition, it will reduce the US’s dependence on foreign financial technologies.The rapid growth of the stablecoin market has made regulatory uncertainties more visible. With the enactment of the GENIUS Act, it is aimed for stable cryptocurrencies such as USDC and USDT to operate in a more transparent and regulated manner on US soil. CLARITY Act: “Legal clarity” for cryptocurrenciesThe CLARITY (Cryptocurrency Legal Accountability and Regulatory Transparency for Innovation and Yield) Act stands out as a more comprehensive regulation. This law aims to put an end to the legal uncertainty that has been going on for years by introducing clear definitions of whether cryptocurrencies are securities or commodities. In particular, the clarification of the jurisdictions of institutions such as the SEC and CFTC was among the steps that major investors were waiting for.The bill, supported by Senate Banking Committee Chairman Tim Scott and Digital Assets Subcommittee Chairman Cynthia Lummis, will be submitted to the Senate in July and is aimed to be enacted by September. Lummis said in a statement that the CLARITY Act is largely similar to the bill passed in the House of Representatives and will create a “friendlier” regulatory environment for crypto innovators.July is going to be quite busySacks, known for his PayPal background, is a consultant not only in crypto but also in advanced technology areas such as artificial intelligence. Trump’s increasing crypto-focused rhetoric during his election campaign has turned into a concrete strategy with these legal processes.July seems to be busy not only in terms of crypto regulations but also in terms of trade policies. Trump’s new tariffs expected to be announced on July 8-9 and the tax spending package planned to be presented on July 4 are among the other topics that will shape the US’s claim to global technology leadership.
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27 Jun 2025
What is EigenLayer (EIGEN)?
With the development of Ethereum, the layers built on this network are becoming increasingly sophisticated. One of these layers, EigenLayer, is a major technical innovation. It also offers a brand new paradigm in blockchain security and capital efficiency. This protocol, which emerged in 2021, makes it possible to provide security to multiple protocols simultaneously by re-opening the security of ETHs currently staked on Ethereum (i.e. through “restaking”). In this way, the security architecture of not only Ethereum but also the entire Web3 world becomes more flexible and efficient. So, what exactly is EigenLayer, how does it work and why is it talked about so much? Let's take a look at the details of this innovative protocol together.Definition and Origin of EigenLayerTo answer the question of what is EigenLayer, EigenLayer is an innovative modular security and re-staking (restaking) protocol built on the Ethereum blockchain. The basic working principle of this protocol is built on the ability to transfer the security value of ETH currently staked to various protocols. So, what is restaking? The simplest definition of this is: The ability to use ETH already staked on the Ethereum network to provide security for other protocols without giving up staking rewards. This approach has the potential to significantly increase capital efficiency in the crypto ecosystem by providing security for multiple protocols with the same amount of capital. EigenLayer was started to be developed by Sreeram Kannan in 2021. In the traditional Ethereum staking model, staked ETH was used only to secure the Ethereum network. However, EigenLayer, which emerged with Kannan's visionary approach, redefined this model. Because it made it possible for the same staked ETH to provide security for multiple protocols. The main purpose of the protocol is to flexibly transfer Ethereum's strong security infrastructure to other protocols, thus creating a more robust security structure for the entire blockchain ecosystem. Restaking concept by EigenLayer. Source: LinkedIn/Akash Kumar Jha When we examine the question of how Eigenlayer works in detail, we can see that the protocol has a very innovative mechanism from a technical perspective. The system enables users to copy the security value they obtain from the ETH staking process and use this value to provide security to other protocols. In this way, the security value of the staked ETH increases exponentially and can be distributed to different protocols. Designed as a modular security layer, this structure makes the security model in the Ethereum ecosystem more flexible, efficient and scalable. Users continue to receive both basic staking rewards from Ethereum and have the opportunity to earn additional income through EigenLayer via the ETH they stake.EigenLayer's History: Important MilestonesWhen we examine the development process of EigenLayer, we can see that the project has been shaped by several important milestones. In 2021, the protocol was launched with the action of Sreeram Kannan. When Kannan, a relatively unknown name and a computer engineering professor at the University of Washington, came up with the concept of Ethereum restaking, the idea was met with great interest in the crypto community. The concept announcement and subsequent technical papers marked the beginning of a new era in the Ethereum ecosystem. During this period, the challenges in the field of web3 protocol security and the search for solutions to capital efficiency issues formed the basis of the EigenLayer project. By 2023, the EigenLayer project began to transition from theoretical to practical applications. The launch of the alpha version and the launch of testnet applications were critical to solidifying the technical infrastructure of the project. During this period, EigenLayer staking mechanisms began to be tested and the basic functions of the protocol were clarified. The data obtained during the testing process and user feedback provided valuable information for further development and optimization of the protocol. The EigenLayer ecosystem began to grow organically during this period, and the potential use cases of the protocol expanded. Of the initially distributed tokens, 45 percent were distributed to the community, 29.5 percent to investors, and 25.5 percent to early contributors. Source: Nethermind The year 2024 was a breakthrough year for EigenLayer. With the mainnet activations, the long-awaited EIGEN token announcement and the airdrop process, the project became fully operational. The question of what EIGEN token is has become one of the most curious topics of the crypto community during this period. The EIGEN token was introduced as an important element that is at the center of the protocol's governance and incentive mechanisms, allowing users to have a say in the development process of the protocol. The Eigenlayer airdrop process was carried out as a reward for the early supporters of the protocol and those who contributed to the testing phase, and this process further increased the community's interest in the project.EIGEN token types and usesDuring this development process, the EigenLayer ecosystem also expanded rapidly. Modules with different functions such as oracles, data access layers, bridges and various defi infrastructure projects began to integrate into the EigenLayer protocol. Each new module expanded the areas of use of EigenLayer and increased the value of the protocol. By adopting the modular security approach offered by EigenLayer, projects operating in the DeFi space in particular have found the opportunity to work more securely and efficiently. This has strengthened the protocol’s position within the ecosystem and paved the way for more projects to choose EigenLayer. Developer guide for EigenLayer module integration. Source: ChainSecurity Why Is EigenLayer Valuable?What does Eigenlayer do and why does it have such a valuable position in the crypto ecosystem? To understand the answer to this question, it is necessary to examine the unique advantages offered by the protocol in detail.Increases capital efficiencyFirst of all, EigenLayer significantly increases capital efficiency. In traditional blockchain systems, an asset is used to secure only one protocol. However, thanks to EigenLayer's innovative retaking mechanism, staked ETH can provide security to multiple protocols. This offers greater return potential with the same amount of capital. For example, with the ETH you stake on the Ethereum network, you can continue to receive basic staking rewards from Ethereum while also earning additional income by providing security to various protocols via EigenLayer.Modular infrastructure and security layerSecondly, EigenLayer enables the creation of modular infrastructure protocols that share security. Designed as a modular security layer, EigenLayer enables new projects to benefit from Ethereum's strong security infrastructure without having to create their own security mechanisms from scratch. This is a huge advantage, especially for early-stage projects, as designing and implementing security systems can be both costly and time-consuming. With EigenLayer, projects can bypass these processes, directly leverage Ethereum’s security power, and focus their resources on innovation and improving the user experience.A groundbreaking new system for generating income in the ETH ecosystemA third important value point is that EigenLayer offers a new way to generate passive income within the ETH ecosystem. The Eigenlayer staking mechanism allows users to create multiple income streams from the ETH they stake. This presents an attractive opportunity, especially for long-term ETH investors, as they have the chance to generate additional income from the ETH they already hold and stake. Passive income strategies are important in balancing the volatility of the crypto market and creating regular income streams. EigenLayer adds a new dimension to these strategies, offering investors greater financial freedom and flexibility. Governance with EIGENFourth, governance, incentives, and network contributions are balanced with the Eigen governance system and the EIGEN token. EIGEN token holders have the right to have a say in the development process of the protocol, vote on important decisions, and shape the future of the protocol. This democratic governance model ensures the community-driven development of the protocol and increases users' commitment to the protocol. In addition, token holders are motivated to contribute to the growth and development of the protocol by offering various incentives and rewards.Solution to scalabilityAnother point that provides the value of EigenLayer is its potential to provide an indirect solution to the scalability problem, which is one of the most important challenges facing blockchain technologies. The modular security approach allows different scalability solutions to be implemented more efficiently and securely. This contributes to the Ethereum ecosystem as a whole becoming faster, more efficient, and more scalable.EigenLayer ecosystem and use casesFinally, to understand the value of EigenLayer, it is useful to take a detailed look at its ecosystem. EigenLayer's modular security approach allows various blockchain projects and applications to become more secure, efficient, and scalable. We should examine the various components of the EigenLayer ecosystem and the potential use cases of the protocol in detail.First, DeFi infrastructure projects can benefit significantly from the modular security structure offered by EigenLayer. DeFi protocols generally carry high risks in terms of security, and many protocols have suffered major losses due to security vulnerabilities in the past. EigenLayer allows these protocols to use Ethereum's strong security infrastructure, making them more resilient to potential attacks. This creates a more secure environment for DeFi users, while allowing protocols to focus their resources on providing innovative financial products and services instead of developing security systems. This security step of EigenLayer is known as "Actively Verified Services (AVS)".Another area of use for AVS, and therefore EigenLayer, is bridge protocols. Bridges that allow asset transfers between different blockchains are often the target of hacking attacks. EigenLayer provides an additional layer of security to these bridges, allowing cross-chain transactions to be performed more securely. This increases interoperability between blockchains, helping users manage their assets in different blockchain ecosystems more securely.Another area of use is oracle services. Oracles are critical components that transfer data outside the blockchain onto the blockchain and are vital for many DeFi applications. However, oracles also carry various security risks and can be vulnerable to manipulation. EigenLayer provides an additional layer of security to oracle services, reducing these risks and providing more reliable data flow. This is especially important for critical data providers such as price feed oracles.The last area of use that stands out is data access layers. Fast and secure access to blockchain data is of great importance to developers and applications. EigenLayer provides additional security for data access layers, enabling faster and more reliable data access. This is a significant advantage, especially for applications working with large data sets.Who is the Founder of EigenLayer? The answer to the question of who is the founder of Eigenlayer is Sreeram Kannan. So, who is Sreeram Kannan? Kannan is a name that has moved from academia to entrepreneurship. He grew up in Chennai, India, then moved to the US and received his master's and doctorate in mathematics and engineering. He previously worked in artificial intelligence and biology fields such as DNA modeling. However, he changed his direction when artificial intelligence disrupted his field of expertise. He became interested in crypto with the rise of Bitcoin in 2017. Inspired by Yuval Noah Harari's book Sapiens, he thought that humanity's greatest power was "coordination". According to him, blockchain had the potential to provide this coordination securely in the digital world. The turning point in his career was the idea of “restaking”, or reusing staked Ethereum assets to provide security on other networks. This idea gave birth to EigenLayer, which shares Ethereum’s security and allows it to be transferred to new projects.EigenLayer quickly received over $100 million in investment and collected millions of dollars in deposits before it was officially launched. This interest was largely due to the “points system”. Because users participated early, hoping to receive an EIGEN token airdrop in the future. However, the announcement of the EIGEN token did not meet expectations. Tokens came locked, some countries were excluded, features were released slowly, and allegations of internal conflicts of interest were added to all this.Despite all the criticism, Kannan’s academic prestige and vision of restaking turned him into an influential figure in the industry. He became one of the important names that revived the DeFi movement on Ethereum even in a bear market. However, one of Kannan’s biggest challenges was balancing his academic approach with community expectations. Unlike the homogeneous team structure in academic projects, EigenLayer realized that it needed a more diverse team of skills: communicators, community managers, product developers. Over time, Kannan began to be perceived not only as a “startup founder” but also as an “industry leader.”In addition to Kannan’s approach and strong academic background, the EigenLayer project also received support from leading investors in the crypto world. Institutional investors such as LayerZero, Coinbase Ventures, and a16z (Andreessen Horowitz) are providing financial support to the project.In addition to these core use cases, the EigenLayer ecosystem is constantly expanding and adding new modules. These modules are designed for different needs and use cases, expanding the scope of the protocol.Frequently Asked Questions (FAQ)For those who want to learn more about EigenLayer, we have compiled some frequently asked questions. Below, you can find short and clear answers to many basic topics, from the concept of restaking to the role of the EIGEN token:What is EigenLayer and how does it work?: EigenLayer is a modular restaking protocol built on the Ethereum network. Its main purpose is to make the security of ETH staked on Ethereum accessible not only for Ethereum but also for other protocols. In doing so, users can "restake" the ETH they stake a second time, contributing to security in other systems and earning extra rewards in return. Thus, network security is spread over a wider area, while capital efficiency is also significantly increased. Thanks to this system, projects that have to create new security pools from scratch can directly benefit from Ethereum's high level of security.What is Restaking and why is it important?: Restaking is the ability to use ETH already staked on the Ethereum network to provide security to other protocols. This method increases efficiency in terms of both security and return; because users can earn extra rewards, while protocols benefit from Ethereum's strong security infrastructure.What does the EIGEN token do?: EIGEN is the native token of the EigenLayer ecosystem and is designed to be used in the governance of the protocol. Users can participate in governance processes with EIGEN, vote on protocol parameters, and are expected to gain additional functionality in the future. However, as of the launch date, the EIGEN token is not yet fully functional.What projects does EigenLayer support?: EigenLayer provides infrastructure support for many projects, from DeFi protocols to oracle services, from data availability layers to rollup solutions. For example, sub-protocols such as EigenDA (data availability module) and other Layer-2 solutions can use re-staking security via EigenLayer.How can someone who stakes ETH benefit from this system?: A user who has already staked on Ethereum can stake their ETH to EigenLayer and earn additional rewards. This can be done directly through an EigenLayer node, or through liquid staking providers such as Lido or Rocket Pool. Thus, in addition to the staking income they receive from Ethereum, users can also benefit from the incentives offered by the protocols that are retaken. In short, users earn income from multiple systems with the same ETH in their hands, while also spreading security in a decentralized manner. Continue to follow our JR Kripto Guide series for more about EigenLayer, which redefines the security of the Ethereum ecosystem.
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27 Jun 2025
AAVE Reviews and Price Analysis 27 June 2025
AAVE Technical AnalysisLooking at the daily chart of AAVE, we can see a downtrend since the end of 2024 along with an uptrend since April 2024 at the same time. AAVE is approaching a breakout each day. Narrowing Triangle Structure On the chart, the area $247–$261 was an important level, and we witnessed an increase up to the level of $307 after rising above this important area. However, the price could not hold here and pulled back to the $247–$261 support.Depending on the reaction the price will receive from this support level, the first target could be $307, which is both a trend and horizontal resistance, and then the breakout of this long-term downward trend.If the price loses $247, this means that the support levels $213 and $184 could be on the table. For now, the important price area is the $247–$261 support zone.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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27 Jun 2025
What is PancakeSwap (CAKE)?
As the cryptocurrency world transforms traditional finance, users' interest in decentralized solutions is also increasing exponentially. Decentralized exchanges (DEXs), in particular, have become the backbone of the DeFi ecosystem with their structures that enable intermediary-free transactions. One of the most popular names in this field is undoubtedly PancakeSwap. Born on Binance Smart Chain (BSC) in 2020, this colorful protocol has not only become a "DEX exchange example", but has also turned into a versatile DeFi universe shaped around the CAKE token. For those looking for answers to questions such as "What is PancakeSwap?", "What is CAKE coin?", "How does PancakeSwap work?", this platform brings together many features such as low transaction fees, fast trading opportunities, NFT marketplace, staking and farming. Moreover, it stands out with its user-friendly interface, gamified DeFi features and community-oriented structure. In this article, we will examine PancakeSwap in detail; We will explore step by step how it works, why it is so popular, and the areas of use of the CAKE token.Definition and Origin of PancakeSwapIn the crypto world, decentralization is no longer just an ideal, but a practice that more and more users are adopting. Decentralized exchanges (DEX), in particular, allow users to exchange directly while keeping their wallet control, and one of the prominent platforms in this field is PancakeSwap. This protocol, which came to life on Binance Smart Chain (BSC) in 2020, was launched by an anonymous team of developers and quickly became one of the cornerstones of the BSC ecosystem. PancakeSwap offers its users a Uniswap-style experience, but it differs by doing this on Binance Smart Chain, which is faster and cheaper than Ethereum.The model underlying PancakeSwap is the Automated Market Maker (AMM) system. There are no classic order books in this system; in other words, instead of matches such as “one user enters a sell order, the other one buys”, liquidity pools come into play. Users deposit specific token pairs (such as BNB/USDT, CAKE/BUSD) into these pools and receive “LP tokens” in return. Then, another user using the PancakeSwap interface can perform a direct swap from this pool. The small transaction fees paid during this transaction are shared among the users who provide liquidity in the pool. In other words, both the system’s transaction flow continues and users are rewarded in proportion to their contributions. PancakeSwap's trading-focused homepage The platform’s native token, CAKE coin, plays a key role in PancakeSwap’s ecosystem. CAKE is used for staking, participating in yield farming, voting in governance, and accessing DeFi applications such as NFTs and lotteries. In other words, it is the main tool not only for earning rewards, but also for participating in the platform’s wide range of services. Thanks to the CAKE token’s incentive mechanism, users provide more liquidity to pools, which makes swap transactions more efficient.The fast block time and low transaction costs offered by Binance Smart Chain give PancakeSwap a significant advantage over its Ethereum-based competitors. Especially during the period when gas fees reached record levels on Ethereum in 2021, PancakeSwap attracted users as a low-fee alternative.PancakeSwap’s History: Major MilestonesPancakeSwap is not just a DEX; it is also a success story born on Binance Smart Chain and has closely shaped the evolution of the DeFi world. This project, which was launched quietly in 2020, initially only allowed token swaps, but over time, dozens of different features such as staking, farming, lottery, NFT marketplace, IFO module and multi-chain support were added, turning it into a DeFi super app. Of course, this transformation did not happen overnight. PancakeSwap's journey drew attention not only by following the trends in the decentralized finance world, but also by taking steps that determined these trends from time to time. Each new feature came as a result of a technically sound and user-friendly infrastructure that listened to the demands of the PancakeSwap community. Under this heading, we will examine the important updates and milestones the project has undergone year by year from the moment it was launched to the present day, and we will see together why it has become such a strong ecosystem today.2020: Launch and the birth of the CAKE tokenWhen PancakeSwap entered the crypto world in September 2020, many people did not expect this sweet-named DEX to grow this much. While Uniswap's popularity was at its peak, PancakeSwap, a new "automated market maker" project built on Binance Smart Chain, quickly attracted attention with its low transaction fees and fast confirmation times. In this system, which works with the AMM model, users could buy and sell tokens directly through liquidity pools instead of the classic order book.CAKE token was also introduced during the same period. Initially positioned only as the platform's native token, CAKE eventually became the center of many transactions such as staking, farming, NFT purchases and governance. The token's starting price was quite low, and the first users had the chance to earn a large amount of CAKE in return for the liquidity they provided. This provided a large influx of users to the platform.2021: DeFi features expanded2021 marked the beginning of PancakeSwap's transformation from "just a DEX" to a full-fledged DeFi ecosystem. During this period, the PancakeSwap staking system was launched through pools called Syrup Pool. Users could earn different token rewards by simply staking CAKE tokens. On the other hand, the PancakeSwap farming feature was also active; this allowed users to contribute to liquidity pools and do yield farming.In the middle of the same year, another remarkable feature was introduced: the lottery system. Users had the chance to win big prizes in regular draws by purchasing lottery tickets in exchange for CAKE. This feature showed that the protocol opened the door not only to financial transactions but also to entertaining experiences.2022: Integration of NFT marketplace and IFO module2022 was a year when PancakeSwap stepped into the visual world. During this period, the PancakeSwap NFT marketplace was launched. Users could browse PancakeSwap-themed collections, purchase NFTs, and even get extra benefits by using certain NFTs. This move was one of the first steps towards moving the project into next-gen Web3 spaces like GameFi and the metaverse. PancakeSwap's NFT marketplace and some collectibles for sale In the same year, the PancakeSwap team implemented another critical innovation: the IFO module (Initial Farm Offering). Thanks to this system, new projects could make their first sales through PancakeSwap, and investors could invest in these projects with CAKE-BNB LP tokens at an early stage. In other words, as an alternative to the classic ICO model, a DeFi-focused, community-based investment model was born. The last IFO project on PancakeSwap was LTP. 2023–2024: PancakeSwap V3 and multi-chain expansionIn Q2 2023, PancakeSwap launched the long-awaited PancakeSwap V3. With this update, the AMM model was further optimized. Now, liquidity providers can concentrate their liquidity in certain price ranges (concentrated liquidity) and choose between different transaction fee levels (0.01%, 0.05%, 0.25%). This provided users with more flexible liquidity management and significantly increased transaction efficiency.2023 was also a critical year for multi-chain support. PancakeSwap was launched on the Ethereum network and then integrated into Layer-2 networks such as Base, Arbitrum, zkSync Era, Linea, and Polygon zkEVM. With this move, it became a protocol that operates not only on Binance Smart Chain, but also on multiple blockchains.Why is PancakeSwap Valuable?Although PancakeSwap may seem like a DEX where only tokens are exchanged at first glance, when examined in depth, it can be seen that it has many strengths that distinguish it from its peers. Being built on Binance Smart Chain in particular provides serious advantages to the user in terms of both transaction speed and cost. However, it is not only its technical infrastructure that makes PancakeSwap valuable. Passive income opportunities such as staking and farming offered by CAKE token, user-friendly interface, community-focused governance structure and NFT marketplace and its success in integrating into Web3 also take the project to a different point. In addition, with multi-chain support starting in 2023, it has managed to reach not only BSC users but also Ethereum and Layer-2 network users. Under this heading, we will detail why PancakeSwap is a valuable DeFi project item by item.Low transaction fees with BSC infrastructurePancakeSwap has become quite popular among users because it works on Binance Smart Chain (BSC), which offers much lower transaction costs compared to dense networks such as Ethereum. While an average swap transaction can range from a few dollars to $20 on Ethereum, this figure is usually limited to a few cents on BSC. This means a serious cost advantage, especially for users who trade with small amounts. Low transaction fees mean the opportunity to experiment more and learn with less loss.Earning passive income with liquidity poolsThe liquidity pools offered by PancakeSwap allow crypto asset owners to evaluate their coins instead of keeping them idle in their wallets. Users can contribute to these pools and earn a share of transaction fees. In addition, additional CAKE rewards can be earned using the PancakeSwap farming feature through LP tokens. This system creates the opportunity for “passive income with CAKE” for users who invest in the long term.CAKE Token Utility: Versatile usage areasCAKE token is not only a reward tool; it is also a multifunctional asset that stands at the center of the PancakeSwap ecosystem. With CAKE tokens, users canEarn extra rewards by evaluating staking poolsInvest in new projects by participating in IFOsTry their luck for big prizes by buying tickets in the lottery systemPerform purchase and sale transactions in the NFT marketplaceHave a say in protocol decisions by voting in community governanceThanks to these wide areas of use, the answer to the question of what CAKE token is used for turns into a very rich list.Large user base and transaction volumePancakeSwap has become a multi-chain DEX that can be used not only on BSC but also on Ethereum and Layer-2 networks. With a daily transaction volume of hundreds of millions of dollars, it has long maintained its title as one of the most used DEXs after Uniswap. Especially for users who are new to DeFi, PancakeSwap acts as a gateway thanks to its user-friendly interface and low transaction costs. In addition, its large community structure provides an active support environment on social platforms such as Telegram and Discord.Regular token burn mechanismIn order to balance the increase in the total supply of CAKE tokens, PancakeSwap performs token burns at regular intervals. With this mechanism, the amount of CAKE in the market is reduced and a deflationary economy is tried to be created. For example, CAKE tokens are bought back and burned with a certain percentage of the platform's revenues. In this way, the supply-demand balance is maintained and the stability of the token value is aimed in the long term. Most recently, PancakeSwap completed its 20th "burn" process by burning coins on March 31. The information shared by the platform on the subject is as follows: Source: Blog.PancakeSwap Who is the Founder of PancakeSwap?The usual entrepreneurial types in the cryptocurrency world are usually like this: a shining name on LinkedIn, a few interviews, powerful investors, a lot of press releases... But PancakeSwap completely reverses this classic scenario. Because there is neither a "tech bro" nor a CEO who appears in front of the screen behind this platform. PancakeSwap was founded by a completely anonymous developer community. In other words, there is no individual "founder", but a structure shaped by the community. Although many people found this situation strange at first, this anonymity actually coincides with PancakeSwap's "decentralization" philosophy.Over time, this anonymous team was organized under the name "PancakeSwap Labs" and brought the project to a more professional structure. Developments, updates and community decisions are carried out by this team, but the real decision-making power is in the hands of CAKE token holders. Because PancakeSwap gives its users a say in its governance model; in other words, it is possible to vote with CAKE tokens in decisions to be taken about the future of the protocol. This sets the platform apart from the classic “founding a company” model and creates a more participatory, community-based ecosystem.So does this anonymity create a trust problem? Actually, no. Because PancakeSwap has managed to build trust in the community by being both open source and going through strict audit processes. In addition, the fact that it is actively used by thousands of developers and users has led to the formation of a self-regulating structure in a sense. In short, although the question of “PancakeSwap founder” does not have a clear name, the community behind the project is based on solid foundations.Frequently Asked Questions (FAQ)If you have heard a lot of technical terms, features and areas of use about PancakeSwap, it is normal to be confused. This ecosystem can sometimes seem complicated, especially for beginners. That is exactly why we have compiled the most frequently asked questions:What is PancakeSwap, how does it work?: PancakeSwap is a DEX exchange running on Binance Smart Chain (BSC). It trades without the need for intermediaries thanks to the Automatic Market Maker (AMM) model. Users can make exchanges by depositing tokens into liquidity pools and earn a share of transaction fees. For example, when someone wants to exchange BNB for USDT, they can directly perform this transaction thanks to the liquidity in PancakeSwap pools. Transactions are automatically executed through BSC smart contracts.What can be done with CAKE token?: CAKE is PancakeSwap's native token and has versatile functions. With this token, you can pay fees on the platform, contribute to pools by providing liquidity, and earn rewards. CAKE holders also have the right to vote in PancakeSwap governance, thus participating in the decision-making process about new projects or updates. In addition, you can use CAKE tokens to buy lottery tickets or purchase NFTs from PancakeSwap's NFT marketplace. In short, the CAKE token is designed as a reward and governance tool. How to farm/stake on PancakeSwap: To farm on PancakeSwap, users must first join liquidity pools (for example, deposit tokens into the BNB/CAKE pool) and receive LP tokens in return. The received LP tokens are then deposited into PancakeSwap’s farm pools. Each user who deposits liquidity into farm pools earns rewards in CAKE tokens in proportion to the amount they deposit. For example, if you add 100 BNB/CAKE liquidity, you will start earning CAKE over time by depositing your LP tokens into the relevant farm pool. You can also earn rewards by simply holding CAKE in PancakeSwap Syrup Pools (this is staking). The entire process is easily managed through the PancakeSwap interface; users can staking/farm by connecting their wallets and selecting the relevant pool options. How is it related to Binance Smart Chain?: PancakeSwap is built entirely on Binance Smart Chain (now known as BNB Chain). BSC was developed as an EVM-compatible alternative to Ethereum. It works on smart contracts like Ethereum, but offers lower transaction fees and faster confirmation times. This allows PancakeSwap to trade on busy networks at lower costs. In short, PancakeSwap is part of the BSC ecosystem and benefits from the advantages of BSC (speed, low fees). Are anonymous developers reliable?: The developers behind PancakeSwap are anonymous, but this is common in the crypto world. Anonymity is seen as part of the philosophy of decentralization. Since the project's code is open source, anyone can review it; and thanks to community governance, important decisions are made by the vote of each CAKE owner. These structures increase transparency and trust. PancakeSwap has also undergone regular audits and is constantly tested for security with bug bounty programs. Therefore, despite the anonymous developers, PancakeSwap offers security and transparency in line with DeFi standards.Check out our JR Kripto Guide series to discover the decentralized exchange experience and step into the DeFi ecosystem with CAKE token.
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27 Jun 2025